Global tax reform: Some 132 countries have already signed up to a framework for international tax reform.
Venice:
G20 finance ministers on Saturday gave their backing to a historic deal to overhaul the way multinational companies are taxed, and urged hold-out countries to get on board.
Some 132 countries have already signed up to a framework for international tax reform, including a minimum corporate rate of 15 percent, struck earlier this month.
But the endorsement by the 19 biggest economies plus the European Union will help ensure it becomes a reality following years of negotiations. We have achieved a historic agreement on a more stable and fairer international tax architecture, the ministers said in a final statement following two days of talks in Venice, hosted by G20 president Italy.
G20 endorses historic global tax reform | Borneo Bulletin Online
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G20 Endorses Historic Global Tax Reform
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