Finance chiefs of the G20 club of large economies have backed a landmark move to stop multinationals shifting profits into low-tax havens and win back hundreds of billions of dollars in lost revenues, a draft communique showed. The agreement at talks in the Italian city of Venice is set to be finalised on Saturday and … Read more
The United States will not agree to any type of special treatment for China or other countries that would weaken a global minimum tax regime, U.S. Treasury Secretary Janet Yellen said on Wednesday. Yellen said the United States and other countries were continuing their efforts to convince China to support plans endorsed on Sunday by … Read more
G7 countries that make up lucrative markets for US tech giants have moved closer to a plan to squeeze more tax money from the coffers of Amazon, Apple, Facebook and Google. The group, including Britain, Canada, France, Germany, Italy, Japan and the United States, has visions of a global tax rate of at least 15 … Read more