G20 experts to act on corporations’ internal loans that help cut tax

Tax experts responsible for the G20-led shakeup of international tax rules are discussing radical measures to bar global corporations from using internal loans, that bear no relation to their borrowing needs, in order to avoid tax.

Japan's economic growth slower than expected at 2.6%

Japan's economy grew 2.6% last quarter, slower than expected, as companies wary about the prospects for a sustained recovery kept a tight rein on investment.