G20 to move ahead with plans for digital tax on world’s tech giants

The G20 is pushing ahead with plans to close international loopholes used by tech giants to lower their tax bills. In a draft communique obtained by Reuters, the group said that it endorses the “ambitious” two-pillar approach to a so-called digital tax, and that it will “redouble [its] efforts for a consensus-based solution with a final report by 2020.”
The first of these two pillars is that countries are expected to tax companies based on where their goods and services