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APEC counters "tax treaty shopping"

HA NOI - Finance officials from APEC member economies are cracking down on rampant avoidance of corporate income taxes across borders, intent on securing critical revenue streams while providing tax systems that are more certain and fair for individuals and small businesses to support growth. Eleven APEC economies have already signed a multilateral convention for reviewing thousands of existing bilateral tax treaties and fast-tracking modifications to counter activities like “treaty shopping”........

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