REFILE-UPDATE 1-G20 backs tax plan, seeks to chart recovery

Fri Jul 19, 2013 5:32am EDT
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* Fed stimulus withdrawal eyed, clarity sought from China

* Backs OECD report on tax dodging

* Jobs debate puts spotlight on Europe

* Street protest after Russian opposition leader jailed

By Gernot Heller and Jan Strupczewski

MOSCOW, July 19 (Reuters) - The Group of 20 nations backed a tax plan on Friday that takes aim at the loopholes used by multinational firms and responds to anger among voters hit with higher tax bills to cover soaring national debts.

Finance ministers and central bankers gathering in Moscow were otherwise focused on charting a course towards global economic recovery, and seeking to calm financial markets worried about the impact of stimulus programmes.

The G20, a forum that took the lead in the 2008-09 financial crisis, now faces a multi-speed global economy in which only the United States appears to be nearing a self-sustaining recovery.   Continued...