The OECD has published a proposal to advance international talks on making sure that multi-national companies, including major digital businesses, pay tax where they consumer-facing operations and generate their profits.
The new proposal combine comment elements of three competing proposals from member countries and are now open to public consultation. The proposal would re-allocate some profits and related taxing rights to jurisdictions and countries where multi-national companies have their markets. This form part of the OECD/G20 Inclusive Framework on BEPS for multi-lateral negotiation of global tax rules to make them fit for purpose in the digital, global economy.
