Changes aim to cease tax avoidance worth up to $240bn each year but critics say new rules are weak and still offer much scope for non-paymentAn unprecedented international collaboration on tax reform,led by the G20 nations and targeting many of the world’s largest global corporations, will wipe out much of the tax avoidance industry, or it has been claimed.
The two-year reform programme,under the auspices of the OECD, was prompted by a spate of revelations in recent years approximately the tax affairs of multinationals including Starbucks, and Google and Amazon. Related: Revealed: how AstraZeneca avoids paying UK corporation tax Related: Tax avoidance by corporations is out of control. The United Nations must step in Continue reading...
Source: theguardian.com