Finance chiefs endorse landmark move to prevent profits being shifted to low-tax countries
Finance chiefs of the G20 large economies endorsed a landmark move to stop multinationals shifting profits to tax havens at talks on Saturday where they will also warn that coronavirus variants threaten the global economic recovery.
They also acknowledged the need to ensure fair access to vaccines in poorer countries. But a draft communique to be rubber-stamped at the meeting in Venice did not contain specific proposals on how to do that.
