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G20+ministers+urge+tighter+tax+rules+for+multinationals
Sunday, 24 July 2016 - 12:25
G20 ministers urge tighter tax rules for multinationals
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G20 Finance ministers said that the world's major economies need to deepen cooperation on tax collection as companies seek to minimise the amount they pay to governments.

The issue has become controversial in many countries, with multinational firms from Google to Starbucks facing accusations of not contributing appropriately to the economies where they make their money.

Chinese finance minister said that enterprise and international trade structures had changed "dramatically, imposing severe challenges to the existing international tax system".

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