G20 leaders will commit themselves to bringing greater fairness to global tax arrangements at their annual summit meeting in Saint Petersburg on 5-6 September. But just how far and how fast they will be able to change a system that has become riddled with distortions is still open to doubt.
Governments want to reform international tax rules that enable multinationals to avoid taxes by booking profits earned on “intangibles” through low-tax or no-tax jurisdictions, but reaching agreement on changes may prove difficult.
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To read the original article: How Should Multinationals Be Taxed? | INSEAD Knowledge
