EU, G20 Move to Crack Down on Corporate Tax Avoidance

Every year, the eurozone loses an estimated one trillion euros in revenue from multinational companies that don’t pay taxes on their European profits. These companies, including tech giants like Apple, Amazon and Google, as well as coffee company Starbucks, take advantage of loopholes in the complicated international tax code system and move their profits around the world to dodge tax payments. But they are facing increasing scrutiny from cash-strapped European governments and criticism from …

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