OECD reveals plan for tax clampdown on multinationals
The world's advanced economies announced Monday a long-awaited plan to close the loopholes on tax-avoiding multinationals that cost countries more than 100 billion USD a year, declaring: "Playtime is over."
(AFP) The world's advanced economies announced Monday a long-awaited plan to close the loopholes on tax-avoiding multinationals that cost countries more than 100 billion USD a year, declaring: "Playtime is over."
Low tax bills for big names such as Google and McDonald's, which managed to sharply reduce the amount due while remaining within the law, have provoked public outrage in recent years.
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