Crackdown on big business tax avoidance planned

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...