Representatives of more than 80 countries and jurisdictions met in Kyoto on Thursday for a two-day conference aimed at going after corporate tax avoidance in the first-ever effort of its kind to include developed and developing countries.
The meeting of the Organization for Economic Cooperation and Development's Committee on Fiscal Affairs takes place at a time of increasing calls to crack down on the use of offshore havens for corporate tax avoidance.
The OECD estimates annual revenue losses of $100 billion to $240 billion due to these activities, known as "base erosion and profit shifting" or BEPS.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.