EU Clamps Down on Tax Dodgers as Finance Chiefs Pencil Accord

  • Agreement will take effect next week as long as no objections
  • Belgium refused to back deal immediately over side-effect fear

Jeroen Dijsselbloem.

Photographer: Jasper Juinen/Bloomberg

The European Union reached a tentative agreement to crack down on corporate-tax avoidance, forcing nations to start closing loopholes that allow companies to get away with paying little or no tax.

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