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Send The approach marks a reversal of years of economic policies that embraced low taxes as a way for nations to draw investment and fuel growth Washington: Global leaders on Saturday agreed to move ahead with what would be the most significant overhaul of the international tax system in decades, with finance ministers from the world’s 20 largest economies backing a proposal that would crack down on tax havens and impose new levies on large, profitable multinational companies. If enacted, the plan could reshape the global economy, altering where corporations choose to operate, who gets to tax them and the incentives that nations offer to lure investment. But major details remain to be worked out ahead of an October deadline to finalise the agreement and resistance is mounting from businesses, which could soon face higher tax bills, as well as from small, but pivotal, low-tax countries such as Ireland, which would see their economic models tu

United statesNew yorkBruno le maireJanetl yellenViktor orbanOrganization for economic cooperationNew york timesEuropean network for economicFiscal policy researchEuropean unionSecretary janetParis based organizationEconomic cooperationMinister viktor orbanEuropean networkஒன்றுபட்டது மாநிலங்களில்