Article Comment 

G20 push big companies to pay more taxes

 

The Associated Press

 

 

ST. PETERSBURG, Russia -- Leaders of the world's 20 largest economies have committed to crack down on cross-border companies that use tax havens. 

 

In a communique, the G-20 leaders said they were committed to an action plan to address "base erosion." 

 

Low tax payments by major global companies such as Google or Amazon have sparked public anger in Europe. 

 

The G-20 will be commissioning recommendations to set up a system so that profits would be taxed "where economic activities deriving the profits are performed and where value is created." 

 

The leaders also agreed on a plan to share information on individual taxpayers. 

 

The group said they expect to begin exchange information automatically on tax matters among G20 members by the end of 2015.

 

 

 

printer friendly version | back to top

 

 

 

Most Viewed News Stories

 

1. McDill, popular artist and craftsman, dies at 33 COLUMBUS & LOWNDES COUNTY

2. Boykin files federal suit against Columbus COLUMBUS & LOWNDES COUNTY

3. Downtown shooting injures one COLUMBUS & LOWNDES COUNTY

4. Columbus child struck by vehicle COLUMBUS & LOWNDES COUNTY

5. Stansbury looks to jettison lake lease STARKVILLE & OKTIBBEHA COUNTY

 

More popular content      Suggest a story

 

 

Follow Us:

Follow Us on Facebook

Follow Us on Twitter

Follow Us via Email