Countries’ Shares of Profits Would Shift Under OECD Tax Plan (1)

The OECD is considering a rewrite of global tax rules to give countries with large markets a bigger share of multinationals’ profits and the right to tax companies that lack a physical presence in those jurisdictions.

All 129 jurisdictions that are members of the Organization for Economic Cooperation and Development’s Inclusive Framework, including the U.S., would have to agree to change decades-old international tax rules on how countries divide a multinational’s taxable profits.

After a European effort to tax the digital activity of tech giants like Alphabet Inc.’s Google and Facebook Inc. stalled earlier this year, France, the U.K., Italy, ...