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G20 Finance Ministers agree to introduce ‘Digital Tax Rules’ for tech giants by 2020

June 12, 2019
During an event held on June 8-9, 2019 at Fukuoka, Japan, the Finance Ministers of the G20 member nations called for the creation of common Digital Tax Rules for multinational technology companies. Big Tech Giants face criticism for cutting their tax bills by booking profits in low-tax countries. G20 members have agreed to implement common rules to plug in the loopholes that multinationals use to book profits at off-shore locations where the tax rate is low.
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