Global Crackdown on Tax Avoidance in Place From 2017, OECD Says
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About 40 countries will crack down on tax avoidance by multinational companies from 2017 under a global plan, the Organization for Economic Cooperation and Development said.
Nations are committed to tackling “aggressive practices which erode the tax base and artificially shift corporate profits to low or no-tax jurisdictions,” OECD Secretary-General Angel Gurria told reporters today at a meeting of Group of 20 finance ministers and central bank governors in Cairns, Australia.