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World Financial Heads Scheme To Get More Tax Money From Corporations

PARIS (AP) — The finance chiefs of the world's leading economies have announced an ambitious plan to address low tax payments by major multinational companies that have roiled European residents. The plan seeks to help governments get more taxes from multinationals by closing loopholes and other means. The Organization for Economic Cooperation and Development says that "tax laws have not kept pace with the globalization of corporations and the digital economy.

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