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Google to Apple Could See Tax Loopholes Curbed in OECD Proposal

  • Multinationals' tax havens cost $240 billion in lost revenue
  • OECD plan would limit strategies like the `Dutch Sandwich'

The world’s top body for economic coordination unveiled its blueprint Monday for cracking down on international tax avoidance, an opening salvo in what promises to be a prolonged battle between countries and companies over who gets taxed and where.

The Organization for Economic Cooperation and Development, a research institute funded by 34 countries including the U.S., is seeking to curb tax haven use and other strategies by companies such as Google Inc., Starbucks Corp. and Apple Inc., which the group says costs the world as much as $240 billion a year in lost revenue.