Officials from 44 world economies have vowed to cooperate on international tax rules, vowing to jointly fight tax evasion. The three-day Forum on Tax Administration finished on Friday in Beijing, with officials promising to work closer together on a project aimed at restraining big corporations from avoiding paying tax. The aim is to prevent certain multinational corporations and wealthy individuals from exploiting tax loopholes.
The forum was first held in 2002 and now has 46 member economies. This year was the first time that China has been the host country for this event.
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