Tech Giants Shift Profits to Avoid Taxes. There’s a Plan to Stop Them. (1 Viewer)

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Jim Tankersley

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Digital tax dodgers, take heed: International leaders have advanced a plan to prevent large multinational companies like Apple, Facebook and Amazon from avoiding taxes by shifting profits between countries.

It’s an effort to de-escalate a global battle over how to tax the digital economy.

The framework proposal, released Wednesday by the Organization for Economic Cooperation and Development, would allow countries to tax large multinationals even if they did not operate inside their borders. If international negotiators can now reach agreement on...

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