U.K., Germany, France Urge G-20 Action on Tax Avoidance
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Britain, Germany and France called on other Group of 20 nations to curb tax avoidance by international corporations that shift profits to territories where they can pay the lowest amounts.
Citing research they commissioned from the Organization for Economic Cooperation and Development that identifies loopholes, finance ministers from the three nations said they will spearhead work to get companies to pay tax where it’s due. The countries provided the OECD with data to help identify schemes used by companies.