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OECD Digital Tax: Just Make It Simple, J&J Tax Executive Says

Jan. 14, 2021, 2:56 PM

The OECD should consider abandoning a part of its digital tax plans that adds unnecessary complexity, a Johnson & Johnson tax executive proposed Thursday.

The Organization for Economic Cooperation and Development is leading negotiations among 137 countries addressing concerns that some multinationals—especially U.S. tech giants—aren’t paying taxes in countries where they have users or consumers. The organization’s two-pronged plan would reallocate profits and set a minimum global tax rate.

  • Pillar One of the OECD’s digital tax proposal—a reallocation of multinationals’ profits to market jurisdictions—should be redesigned to consolidate its multistage formula into a single calculation, Louise Weingrod, J&J’s vice president ...

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