Decision Time for the Future of Corporate Taxation
Despite some recent steps in the right direction, the current international tax system is outdated and fails to prevent egregious tax avoidance by digital multinational companies. The world needs a corporate tax system that is fit for the digital economy and benefits developing and developed countries alike.
NEW YORK – At first glance, it appears to be a bureaucratic meeting like any other. But the discussions at the OECD in Paris at the end of this month are of the utmost importance, because the world’s richest countries will present new proposals for taxing digital multinational companies such as Google, Amazon, Facebook, Apple, Netflix, and Uber.