Tax treaty will ensure big firms pay their dues

Bari, Italy • The head of an international organization representing many of the globe’s advanced economies says that a new, multinational tax treaty will be of “massive consequence” in preventing big companies from avoiding taxes. Angel Gurria, secretary-general of the Organisation for Economic Co-operation and Development, says the multilateral tax treaty negotiated among 100 countries will make it harder for multinationals to shift profits to low-tax countries. Many of those countries are exp...

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