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Global Tax Overhaul Endorsed by 130 Nations as Deal Gets Closer

  • OECD talks produce broad agreement ahead of G-20 meeting
  • Some nations didn’t sign on; final deal could come in October
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WATCH: Officials from 130 countries have endorsed setting a minimum tax rate for international corporations.(Source: Bloomberg)
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The world took a big step toward sweeping changes to global taxation as 130 countries and jurisdictions endorsed setting a minimum rate for corporations along with rules to share the spoils from multinational firms like Facebook Inc. and Alphabet Inc.’s Google.