LUXEMBOURG—European Union finance ministers tentatively agreed Friday on a set of rules and standards aimed at closing loopholes that allow wealthy multinationals to shift profits and avoid footing large tax bills. The provisional agreement by the EU’s finance chiefs marks an important breakthrough for the 28-country bloc, which has been reeling from disclosures that multinational companies struck alleged sweetheart deals in...

Source: Wall Street Journal June 17, 2016 15:22 UTC