OECD Seeing Less Corporate Opposition To Digital Era Tax Revamp

www.oann.com | 2/14/2019 | Staff
srqlolosrqlolo (Posted by) Level 3
PARIS (Reuters) – A global effort to revamp international tax rules for the digital era is receiving less corporate push-back than past attempts, the OECD’s head of tax policy said on Tuesday.

The Organisation for Economic Cooperation and Development is sounding out businesses and interest groups on Wednesday and Thursday at a public consultation before it begins drafting much-anticipated reform proposals.

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Corporate interests have in the past leaned hard against efforts to update international tax rules, which currently allow digital firms to keep tax bills lower than other more traditional companies.

However, OECD head of tax policy Pascal Saint-Amans said there was a change of tone judging from more than 200 comments the Paris-based policy forum received in a first call for input from businesses, accounting firms, tax justice NGOs and academics.

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“We have a significant group of business people saying it’s probably time to do something,” Saint-Amans told Reuters ahead of the start of the public hearing.

The emergence of internet giants such as Google, Facebook and Amazon has pushed international tax rules to the limit because they are able to book profits in low-tax countries rather than where they customer is located.

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Global reform of the rules...
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