Companies are studying suggestions by the OECD that would mark a departure from current international tax rules, but details are murky
Corporate tax chiefs are trying to assess the potential implications of a proposal for a new global tax system for consumer-facing businesses, an effort that is being
complicated by what some companies describe as a lack of critical details.
The Organization for Economic Cooperation and Development, which is running the initiative, was scheduled to meet Thursday and Friday in Paris to discuss a proposal that would set a standard tax rate for a company’s global operations and allow individual governments to tax profits above that based on sales accounted for by each country.
Photo by Christophe Morin