European finance ministers urge rapid agreement on global digital tax

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Finance ministers across Europe including Germany’s Olaf Scholz on Friday called for a rapid decision by the world’s biggest economies on a digital tax for internet behemoths like Amazon and Google. “Now it’s time to come to an agreement,” the ministers from Germany, France, Spain and Italy wrote in The Guardian newspaper. “It is urgent to put in place an international tax system that is efficient and fair. Currently, multinationals are able to avoid corporate taxes by shifting profits offshore. That’s not something the public will continue to accept,” the ministers wrote. G7 finance ministers…

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