OECD tax overhaul would see profits taxed by jurisdiction
The OECD is consulting on plans for a major change to the international rules on taxing multinationals (MNEs), including digital companies, so that they pay tax wherever they have significant consumer-facing activities and generate their profits.
The proposal, which will be put to the meeting of G20 Finance Ministers and Central Bank Governors in Washington DC next week, is based on work from OECD’s base erosion and profit shifting (BEPS) network, and seeks to bring together common elements of three competing proposals from member countries.
Read more at the Accountancy Daily.
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