Amazon, Siemens Slam Global Tax Pact’s Sales Allocation Rules

Amazon.com Inc. and Siemens AG have complained that OECD-proposed rules on how to link sales to a jurisdiction fail to capture how they operate in practice.

The proposals are part of a two-pillar plan, greenlit by more than 130 countries last October, to change international tax rules for multinational companies. Under a part of the rules known as Pillar One, the revenue of the world’s largest, most profitable companies would be taxed in countries where they make sales rather than simply where they are headquartered.

On Feb. 4, the Organization for Economic Cooperation and Development released ...