At today’s meeting of the G20 nations in St Petersburg, where many global economic matters will be discussed, an agreement is expected to be signed to combat tax avoidance from multinational companies.
G20 members formally agreed to fight global tax avoidance back in July, following many high profile tax scandals towards the end of last year involving the use by multinational companies of complex but legal tax minimisation systems.
Other economic subjects expected to dominate the G20 talks are US stimulus pull-back – a bond-buying programme that China and Russia warn could negatively impact on the stability of the global economy.