G-20 to Back Corporate Tax Reform

Published on July 19, 2013
by Paul Hannon

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.

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