Daily Tax Report: International

Tech Companies Raise Concerns Over OECD’s Global Rewrite Effort

Nov. 15, 2019, 7:13 PM

More than 300 companies, industry groups, law firms, and others have weighed in on the OECD’s plans to rewrite global tax rules.

The Organization for Economic Cooperation and Development released the comment letters Nov. 15 on its proposal, called the unified approach, for reallocating more of multinational companies’ profits to the market countries where they have users or consumers. The proposal is the first of two parts in the OECD’s plan to overhaul how multinationals are taxed.

  • The OECD is trying to get more than 130 countries to agree to a plan by the end of 2020. The...
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