It all seemed too good to be true. A global campaign to stamp out tax avoidance and harmonize international tax rules for companies that operate across national borders. At the forefront of the transparency drive is a minimum tax rate for multinational corporations, no matter where they operate. No more exploiting tax loopholes and shifting profits to countries with a low tax rate to avoid paying their fair share of taxes. Currently, the Organisation for Economic Co-Operation and Development (OECD) says that $240 billion (€223 billion) is lost each year through such tax avoidance. Discussions about unifying taxation ... (full story)