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New ADB chief Asakawa targets corporate tax avoidance

Asian bank to work with China-led AIIB on infrastructure standards

The Manila-based Asian Development Bank will play a greater role in taxation in the region, its new president said.    © Reuters

TOKYO -- The new president of the Asian Development Bank looks to focus on helping member countries improve tax collection from global tech giants.

Japan's Masatsugu Asakawa, who took office Friday, plans to enlarge the Manila-based multilateral lender's team of tax experts and cooperate in preventing tax avoidance.

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