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Wednesday, May 22, 2013 | 5:08 p.m.

UK, France, Germany Aim at Tax-Hopping Multis

The UK, France and Germany are backing a new initiative set to crackdown on multinational firms evading taxes. The plan was discussed Saturday on the sidelines of the Group of 20 summit in Moscow. According to a recent report, many global companies avoid being taxed by "country hopping" to nations with lower tax rates.