A sweeping overhaul of international corporate tax rules is urgently needed to stop savvy big companies escaping the payment of billions of euros to cash-strapped governments, the OECD said on Tuesday. Governments face a growing outcry from voters to force big companies with extensive international business to pay more tax in wake of mounting evidence that many use differences between different countries’ rules to reduce their tax bill. The Paris-based Organization for Economic Cooperation and Development said multinational companies were increasingly reporting profits in different countries from ... (Read the full story)
