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  • Jun 11, 2019
  • G-20 ministers agree to redouble efforts to tax technology behemoths

    Finance Ministers from Group of 20 nations agreed they need to find a common method to tax technology giants, whose digital business models have grown exponentially faster than systems to tax them. “We agreed on a need to redouble our efforts to reach consensus by 2020,” Japanese Vice Minister for Finance Masatsugu Asakawa said on Saturday following a G-20 symposium on international taxation that brought together finance ministers from nations including the US, China and France.