Global tax reform plan goes to the G20

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Milan (AFP) – G20 finance ministers meeting in Venice on Friday and Saturday could rally the world’s top economies behind a global plan to tax multinationals more fairly, already hashed out among 130 countries representing 90 percent of world output. On the face of it, the Group of 20 — the world’s 19 biggest economies plus the European Union — have already backed the framework for global tax reform, agreed on July 1 among members of the Organisation for Economic Cooperation and Development (OECD) alongside China and India. But negotiations continue behind the scenes to convince low-tax EU c…

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