G20 Countries Agree on Approach to Shut Down Big Tech’s Tax Loopholes

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Group of 20 finance ministers meeting in Fukuoka, Japan reached a tentative agreement on Saturday to “compile common rules to close loopholes used by global tech giants” such as Amazon, Apple, Facebook, and Google, Reuters reported—with a particular focus on reducing the practice by some companies of routing profits…

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G20 Countries Agree on Approach to Shut Down Big Tech’s Tax Loopholes