G20 Finance Chiefs Back Global Tax Action: Draft
The Head of the G20 club's financial club from a large economy has supported an important step to stop multinational companies to shift into low tax havens and win back hundreds of billions of dollars in lost income, the design of communiques shows.
The agreement in talks in the City of Italy Venice will be arranged to be completed on Saturday and close eight years of fighting on this issue. The aim was for state leaders to give him a final thanks to the October Summit in Rome.
The pact for building a minimum minimum global tax rate of 15% is an effort to squeeze more money from technology giants such as Amazon and Google and other multinational companies that can shop for the most interesting tax base.
While the tax manufacturing refers to the gap in the proposal and wanting more ambitiou...