A new set of rules to make sure big business pays its fair share of tax will be unveiled today as part of efforts by the world's leading countries to crack down on avoidance.
The Organisation for Economic Co-operation and Development will present its proposals to G20 finance ministers in Moscow this morning, according to the Telegraph.
Its recommendations will be designed to prevent multi-nationals abusing rules that allow them to move profits from one jurisdiction to another to reduce their overall tax bill.
In the UK, Google, Amazon and Starbucks have come under political scrutiny after it emerged that they paid little or no tax on their British operations after profits were legally squirrelled offshore.
Both the Chancellor and the Prime Minister have taken great efforts to build an international consensus against tax avoidance.
To help the OECD with its work, the UK has contributed to the cost of the research. France and Germany have also been strongly supportive of the crack down.
Big business has argued that it has an obligation to shareholders pay the smallest amount of tax allowed and have expressed frustration with the public debate. Google boss Eric Schmidt has said it is up to governments to set the tax regimes they believe are fair.
However, multi-nationals can take advantage of different countries' tax regimes while domestic businesses can not. The OECD work, on "base erosion" and "profit shifting", should level the playing field and help boost taxpayer coffers.
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