Details of OECD Digital Tax Plan Taking Shape (Corrected)

The OECD’s digital tax overhaul will address corporate losses as well as profits, an organization official said.

“There’s a very broad support for computing these rules applying the same types of computational rules to both profits and losses,” Grace Perez-Navarro, deputy director of the OECD’s Center for Tax Policy and Administration, said in a Wednesday webcast hosted by the organization.

The announcement is welcome news to the businesses that have fretted that plans under development wouldn’t acknowledge their losses, a concern that is especially acute amid the coronavirus-induced downturn. Profit-allocation rules would attribute a slice of corporate profits to the ...