MULTINATIONALS PRESSURED BY OECD TO PAY MORE TAX
February 1st, 2013
AN ACTION plan is being drafted by the Organisation for Economic Cooperation & Development (OECD) to pressurise multi-nationals to pay more tax. Written in co-operation with governments and the business community, the plan will quantify corporate taxes lost to low taxation jurisdictions, especially offshore havens. And it will “provide concrete timelines and methodologies for solutions to reinforce the integrity of the global tax system,” said an OECD note. Meanwhile, the think-tank has released a preliminary report ‘Addressing Base Erosion and Profit ...
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