Measures aim to tackle tax evasion

A package of measures to tackle corporate tax evasion that will have a far-reaching impact on companies' taxation strategies was endorsed by G20 leaders on Monday.

Multinationals have long exploited loopholes in rules to avoid corporate taxation.

The new measures are an internationally coordinated effort to align this form of taxation with value creation and economic activity. They are based on the technical term base erosion and profit shifting, known as BEPS.