G-20 to Back Corporate Tax Reform
The Group of 20 largest economies is set to back a major overhaul of international taxation designed to eliminate loopholes that enable many companies to keep their tax bills low.
The 15-point action plan has been developed by the Organization for Economic Cooperation and Development, and is being discussed by finance ministers from the G-20. They are likely to endorse the plan in a communiqué to be issued at the end of their two-day meeting Saturday in Moscow.