G20 eyes tax crackdown

G20 eyes tax crackdown
By Euronews
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G20 leaders are meeting in Brisbane, Australia over the next two days to tackle some of the big issues facing the world’s largest economies.

The hosts say they want to focus on jobs and growth.

One of the key topics that heads and governments will discuss is how to crack down on tax avoidance and tax evasion.

Jean-Claude Juncker will represent the European Commission at an awkward moment.

A series of leaked documents show that major multinationals took advantage of Luxembourg’s lax fiscal rules to trim their own tax bills.

Juncker was the prime minister of the Grand Duchy for 18 years until last year.

Speeches he gave during his tenure indicate that he led the charge in tempting the likes of Amazon and Apple to set up shop there.

World leaders are expected to endorse an OECD plan to ensure company profits are taxed where they are generated.

Euronews’ Efi Koutsokosta spoke with Pascal Saint-Amans, the OECD’s director of tax, who is at the summit on Australia’s east coast.

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