Governments to target tech giants’ tax avoidance: draft

The Apple logo hangs inside the glass entrance to the Apple Store on 5th Avenue in New York City,By Gernot Heller and Tom Bergin BERLIN/LONDON (Reuters) – Western governments are set to target a range of tax loopholes used by technology giants including Apple, Amazon as part of an international drive to tackle corporate tax avoidance, a draft action plan seen by Reuters said. The Organisation for Economic Co-operation and Development (OECD), which advises its mainly rich nation members on economic and tax policies, has been charged by the G20 group of countries with formulating measures to stop big companies shifting profits into tax havens. …

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