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Britain to lead G20 on global tax reform

CHANCELLOR George Osborne has renewed his call for international action to tackle so-called "profit shifting" by multinational companies as he unveils the next steps in his fight to reform global tax rules.

The UK, Germany and France want to reform rules which let firms switch profits and costs between countries. Calls for an overhaul of tax laws, including the transfer rules, will be highlighted at the G20 in Moscow in July by the Organisation for Economic Co-operation and Development (OECD).

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