Quartz: The world’s biggest economies are moving closer to a global tax for big tech

Quartz: The world’s biggest economies are moving closer to a global tax for big tech. “The world’s largest economies took a step toward effectively taxing tech giants like Facebook and Google, by compiling rules that would close loopholes used to avoid corporate taxes. Such a crackdown could make it harder for multinational tech firms to reduce their tax burden by booking profits in countries that have low tax rates, according to Reuters, citing a draft communique by G20 finance ministers, who are meeting in Japan.”

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