G-20 to TIghten Global Rules on Taxes

 

Many of the leaders of the world’s richest economies are convening at the eighth Group of 20 summit meeting in St. Petersburg, Russia, with the economic winds at their back, ready to sign on to a sweeping new set of tax rules for multinational corporations.b

They are expected on Friday to agree to enact new tax laws that would limit the ability of multinational corporations like Apple and Starbucks to legally avoid paying taxes by operating subsidiaries in certain countries.

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