Multinationals’ Tax Bills Could Climb Under OECD Plan (1)

The OECD’s plans to overhaul international tax rules would “significantly increase” global tax collections, particularly from digital companies, officials from the organization said.

The proposed changes to the rules that determine where and how much tax multinationals pay will have the biggest impact on digital companies and ones with valuable intangibles, such as patents and trademarks. The rules would reduce incentives for companies to shift profits for tax reasons, according to the Organization for Economic Cooperation and Development.

The Oct. 9 report doesn’t represent consensus among countries. Instead, it’s a proposal from the OECD itself to try to spur discussion ...