G20 digital tax takes step closer

Global efforts to impose a unified tax policy on Google, Facebook and other internet giants have cleared a major hurdle ahead of a G20 summit in Japan. The Paris-based Organisation for Economic Cooperation and Development (OECD) said that 129 countries had signed off on a road-map to grab a fairer tax share of the companies' booming sales. OECD seeks to reach a unified long-term solution to the tax challenges posed by digitalisation of the economy by the end of 2020. The OECD would seek...