G20 Leaders push to close corporate tax loopholes

“A report by the OECD found that multinational companies were managing to avoid paying tax altogether by taking advantage of different country’s rules.”

The UK, France and Germany are the main countries pushing for changes, with the Finance Minister of France saying his country is “strongly determined to fight against tax fraud, tax avoidance, and tax evasion…We must avoid situations in which some companies use international and domestic law to be taxed nowhere.”

Here is a direct link.

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One Response to G20 Leaders push to close corporate tax loopholes

  1. Robert says:

    Who creates more wealth and productive jobs? Government or corporations? Who needs to be starved of money to most benefit society?

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