Governments agree to launch rewrite of international tax rules
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PARIS (Reuters) - Nearly 140 governments have agreed to launch a rewrite of decades-old cross-border tax rules for the digital age over the coming months, the Organisation for Economic Cooperation said on Friday.The rise of Amazon , Facebook and Google has strained existing rules to the breaking point because big tech companies can book profits in low-tax countries like Ireland no matter where their customers are located."The international community reaffirmed its commitment to reach a..