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G20 finance officials agrees to bring in Face-book, Google and other global tech firms under _______ tax

A. Data tax
B. Digital tax
C. Monitoring tax
D. Brain Drain tax

Answer & Solution
Option: B
Explanation :Facebook, Google, Amazon and other large technology companies face criticism for reducing their tax bills by booking profits in low-tax countries regardless of the location of the end customer. Such practices are seen by many as unfair.
The new rules would mean higher tax burdens for large multinational companies but would also make it harder for countries such as Ireland to attract foreign direct investment with the promise of ultra-low corporate tax rates.
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