A global economic body has proposed
overhauling the way multinationals - particularly
tech giants - are taxed to make sure they pay
their fair share in countries where they do
significant business.
The plan from the Paris-based the Organization
for Economic Cooperation and Development,
which advises 134 countries, comes after France
and the United States agreed in August to find a
way to better tax digital businesses by mid-2020.
The proposal, which applies to multinationals in
all sectors, would re-allocate some tax revenue
to countries where big companies like Google,
Facebook, Amazon and Apple “have significant
consumer-facing activities and generate their
profits,” the OECD said.
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