Tougher Rules for Tax Havens Called for by Brazil

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Officials in Brazil are expected to push for greater efforts to combat those companies and individuals that use international loopholes to pay lower or no taxes at all during the meeting of the G20 group, scheduled for next week in Hangzhou, China.

Brazilian officials will join several non-governmental agencies in asking world leaders to look closer at this problem. “We ask the world leaders to work together to create a global tax system that works in favor of the majority and not the minority,” says the proposal from Oxfam . . .

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