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Why it is decision time for the future of corporate tax

The current international tax system is outdated and fails to prevent egregious tax avoidance by digital multinational companies

Activists demonstrate with placards during the opening of a new Apple store on the Champs Elysees in Paris, to denounce tax avoidance
Activists demonstrate with placards during the opening of a new Apple store on the Champs Elysees in Paris, to denounce tax avoidance Photo: Getty Images

At first glance, it appears to be a bureaucratic meeting like any other. But the discussions at the OECD in Paris at the end of this month are of the utmost importance, because the world’s richest countries will present new proposals for taxing digital multinational companies such as Google, Amazon, Facebook, Apple, Netflix, and Uber.

Back in 2012, when scandals related to tax-avoidance schemes by Apple, Amazon, and Google unleashed public anger and forced the G20 to act, the OECD was called on to reform the international corporate tax system.

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