OECD Report Follows the Money, Finds Corporate Tax Avoidance

Geographical differences in where the world’s largest companies book profits and how they generate revenue indicate tax planning and profit shifting, a new Organization for Economic Cooperation and Development report shows.

The data showed the need to implement the global tax deal on minimum taxes and allocation of taxing rights to jurisdictions where profits are made so large multinationals “pay a fair share of tax wherever they operate and earn their profits,” the OECD said.

• The world’s largest companies on average book revenues of just over $2 million per employee in zero-tax jurisdictions, compared to $300,000 per employee ...