“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. Corporate tax avoidance has become a hot political issue following public outrage over revelations in the past year that companies such as Apple and Google had used structures U.S. and European politicians said were designed to minimize the amount of taxes paid. As governments struggle with large deficits following the financial crisis, lawmakers have said enough is enough.”
Western governments set to target tech giants over tax avoidance
