G20 agrees on push to close tax loopholes, make multinationals pay

By Reuters | Sun, 23 Feb 2014 20:51 PM

By Jane Wardell

SYDNEY, Feb 23 (Reuters) - The world's top economies agreed on Sunday to develop stricter rules on cross-border taxation to close loopholes that have allowed multinationals such as Starbucks Corp SBUX.O, Google Inc GOOG.O, Apple Inc AAPL.O and Inc AMZN.O to avoid paying taxes.

The Group of 20 endorsed a set of common standards for sharing bank account information across ...

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