Economics
Big Tech Watches Tide Turning on Taxes After Its Years of Plenty
- G-7 accord advances regime change on cross-border profits
- Talks will now widen to G-20 and then OECD-hosted negotiations
Photographer: Chandan Khanna/AFP/Getty Images
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A tax deal between the world’s richest countries brings global governments a step closer to clawing back some power from technology giants that have used century-old regimes to build up wealth eclipsing the economies of most nations.