Britain's finance minister Philip Hammond said he would press the Group of ...
FILE PHOTO: Britain's Chancellor of the Exchequer Phillip Hammond walks through Downing Street in London, Britain January 18, 2017. REUTERS/Neil Hall/File Photo
Hammond was due to take his case for a global digital tax - which would make it harder for online firms to minimize their tax bills - to a meeting of G20 finance ministers and central bankers in Japan on Saturday and Sunday. “I will also meet with my G20 counterparts to reaffirm the need for global reform of the international corporate tax framework, to ensure it is fit for the future.”
Big internet firms say they follow tax rules but have paid little tax in Europe, typically by channeling sales via countries such as Ireland and Luxembourg which have light-touch tax regimes.
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