India

G7 countries move closer to tax plan for US tech giants

The Group of Seven major economies have begun work on a plan that could reshape taxes for big multinational firms including those in Silicon Valley

G7 countries that make up lucrative markets for US tech giants have moved closer to a plan to squeeze more tax money from the coffers of Amazon, Apple, Facebook and Google.

Part of the G7 reform plan involves taxing multinational corporations where they make their money rather than where they have offices or factories.

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