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Transcripts For CNBC Worldwide Exchange 20130719

Investors taking profits ahead of this weekends parliamentary election. The motor city gets weighed down under a mountain of debt. Detroit filing for theargest municipal bankruptcy in u. S. History. Hi, everybody. Welcome to the program. We have got two hours together. Finance ministers gathering now at the g20 meeting in moscow and theyre expected to ratchet up the crackdown on Corporate Tax avoidance. Now, later today, the oecd will be unveiling an action plan aimed at tackling Profit Shifting, which has thrown some of the largest multinationals into the spotlight. Lets get the details with julia chatterley from moscow with more. Julia, a lot on the agenda and taxes definitely one of the issues theyre going to be talking about by the looks of things. Absolutely. Huge agenda. Growth, jobs and tax avoidance. As you said, the oecd just about to announce their proposals to targeting tax avoidance by the large corporations in the g20. You cut to the heart of it when you said a Profit Shif

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