Tech Giants’ Rush To Shun Tax



Berlin – The Organization for Economic Co-operation and Development (OECD), which advises its mainly rich nation members on economic and tax policies, has been charged by the G20 group of countries with formulating measures to stop big companies shifting profits into tax havens.

A draft action plan is under discussion to help western governments try to plug a range of tax loopholes used by technology giants including Apple and Amazon.

Corporate tax avoidance has become a hot political issue following public outrage over revelations that companies such as Apple and Google had used structures US and European politicians said were designed to minimize the amount of taxes paid.

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