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The Nikkei View

G-20 must rise to the challenge of tax rules for the digital age

Inaction on shared standards threatens confusion for multinationals

The lack of common digital tax rules could disrupt the business of tech titans such as Apple.   © Reuters

Officials from the Group of 20 economies agreed recently in Japan to set common international rules meant to stop tax avoidance by the world's biggest tech companies, whose profits have grown far faster than their payments into government coffers. Policymakers need to move quickly to avoid a scenario where a proliferation of unilateral rules disrupts business.

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