OECD calls for global minimum corporate tax rate

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 paymen...