G-20 to give up agreeing tax rules on digital giants this year

TOKYO - The Group of 20 major economies will likely give up agreeing this year on new international taxation rules for digital giants like Google LLC and Apple Inc., which have been seen as taking advantage of low-tax jurisdictions, sources familiar with the plan said Wednesday.The G-20 finance ministers and central bank governors, who had aimed to release a final report by 2020, are now expected to express their commitment to continue negotiations toward an agreement next year in a statement to be released after their teleconference on Oct. 14, the sources said.The move reflects gaps betw…READ FULL ARTICLE