G20 leaders endorse global taxation reforms in Venice

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    Some of the world’s largest economies have endorsed a move to stop multinational companies from shifting profits to low-tax havens. G20 finance ministers have backed a plan to establish a global minimum corporate tax of at least 15 percent after two days of meetings in Venice, Italy. #G20

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    In This Story: Italy

    Italy is a republic in central Europe which forms a peninsula in the Mediterranean Sea as well as bordering France, Switzerland, Austria and Slovenia. The islands of Sardinia and Sicily form part of the main territory of Italy. Italy is part of the Eurozone, having entered the common currency on 1st January 1999.

    The capital, Rome, is home to the Vatican as well as landmark art and ancient ruins. Other major cities include Florence, with Renaissance masterpieces such as Michelangelo’s “David” and Brunelleschi’s Duomo; Venice, the city of canals; and Milan, Italy’s fashion capital.

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