Technology giants and other large multinationals will soon find it difficult to shift profits to low- or no-tax jurisdictions, with the Organisation of Economic Cooperation and Development (OECD) proposing measures to ensure they pay a minimum level of tax. The Paris-headquartered organisation on Friday released a consultation paper proposing rules that would provide jurisdiction with a right to tax back where other jurisdictions have not exercised their primary taxing rights or the payment is otherwise subject to low levels of effective taxation. The proposals include the second part...
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