G20 to discuss tax avoidance rules, but critics dubious

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...