The European Commission has welcomed new international tax rules proposed on Monday (5 October) as "a very important milestone", but critics say tax avoidance on a scale revealed last year in the so-called Luxleaks scandal will still be possible.
The Organisation for Economic Cooperation and Development (OECD), which came up with the new rules, said on Monday that governments lose between $100 billion (€89 billion) and $240 billion (€214 billion) annually because multinational companies...
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