World leaders agree to close tax loopholes

AFP ANTALYA, Turkey (AFP-Jiji) — World leaders on Monday approved a crackdown on tax avoidance by multinationals such Google, Apple and McDonalds whose rock-bottom tax bills have provoked widespread outrage. Heads of the Group of 20 top economies put their final seal on a plan to close loopholes that let some big companies shift profits to low-tax nations so as to slash their bills, leaving ordinary tax payers fuming. It comes a year after the “LuxLeaks” revelations that some of the world’s...