World leaders agree to close multinationals’ tax loopholes

ANTALYA, Turkey: World leaders on Monday approved a crackdown on tax avoidance by multinationals such Google, Apple and McDonalds whose rock-bottom tax bills have provoked widespread outrage.

Heads of the Group of 20 top economies put their final seal on a plan to close loopholes that let some big companies shift profits to low-tax nations so as to slash their bills, leaving ordinary tax payers fuming.