OECD proposal calls for digital companies to pay tax where they make money

PARIS – Saying it plans to lead multilateral efforts to address tax challenges from digitalization of the economy, the Organization for Economic Co-operation and Development today published a new proposal which would force multinational companies, including digital ones, to pay tax “wherever they have significant consumer-facing activities and generate their profits.”The new OECD proposal, the group said today, “brings together common elements of three competing proposals from member countries, and is based on the work of the OECD/G20 Inclusive Framework on BEPS (base erosion and profit shifting), which groups 134 countries and jurisdictions on an equal footing, for multilateral negotiation...