The world’s biggest central banks risk creating a ‘dog’s breakfast’ of global climate disclosure rules unless Canberra engages more aggressively with the rest of the world, say investors.
The 15% is above the level in countries such as Ireland but below the lowest level in the G7. Amazon and Google welcomed the agreement and Facebook said it would likely pay more tax. Nick Clegg, Facebook's vice-president for global affairs and a former British deputy prime minister, said: "We want the international tax reform process to succeed and recognise this could mean Facebook paying more tax, and in different places." But some campaign groups condemned what they saw as a lack of ambition.
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