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G20 finance ministers back OECD push to tax profits of multinationals

Financial TimesBy Chris Giles

Meeting in Washington, the G20 welcomed the recent progress and the announcement last week of an OECD initiative to find a compromise way of taxing profits, particularly of tech giants. Its suggestion was to rip up almost a century of taxing profits according to the physical presence of a company in a jurisdiction and move to one that gave countries greater taxing rights dependent on where sales were located.

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By Chris Giles, posted on Wednesday October 23, 2019
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