Tax woes due to various laws

Tax woes due to various laws – report

By Associated Press

Jun 13, 2021 12:45 am

FRANKFURT: How can governments keep multinational companies from avoiding taxes by shifting profits to subsidiaries in low-tax countries?

Years of international discussion over the issue gathered momentum after US President Joe Biden proposed a global minimum corporate tax rate of at least 15 percent and possibly higher.

POTUS President Joe Biden delivers a speech in the South Court Auditorium on the White House campus on June 2, 2021 in Washington. AP PHOTO

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