• EXPLAINER: Curbing tax avoidance by multinational companies

    1 month ago - By Chron

    FRANKFURT, Germany - How can governments keep multinational companies from avoiding taxes by shifting profits to subsidiaries in low-tax countries?
    Years of international discussion over the issue gathered momentum after U.S. President Joe Biden proposed a global minimum corporate tax rate of at least 15% and possibly higher. The Biden proposal has found support among the Group of Seven wealthy democracies, raising the prospect that a new approach to international taxation might be reached this year.
    That, at least, is the goal set by the Organization for Economic Cooperation and...
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