A Unilever tax executive called on countries to adopt a one-stop-shop approach for calculating how profits should be allocated as part of their work on taxing the digital economy.
Failure to do so could lead to increased disputes among countries, which would make the entire system unworkable, said Sebastiaan de Buck, vice president of tax for Unilever, during an annual Joint International Tax Conference webcast on Tuesday.
The Organization for Economic Cooperation and Development is working to overhaul global tax rules and agreements to address how big technology companies are taxed.
The negotiations center around a two-pillar approach. Pillar...