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New international rules to tackle global tax avoidance will not work properly until tax secrecy is swept away, a report released by the All Party Parliamentary Group (APPG) on responsible tax has found.
The failure to introduce full transparency into the tax system means the OECD action plan for tackling profit shifting (BEPS) has fallen short of creating the fair global system needed to combat global tax avoidance, MPs said.
Read the full story at Accountancy Age.