Governments Could Effectively Tax Tech Profits

Law360 (April 2, 2019, 5:41 PM EDT) -- The tax avoidance practices of many of the world’s largest technology companies have been a subject of intense controversy for more than a decade.

With the public demanding action to tackle the obvious unfairness of a system which allows some companies to get away with reducing their effective tax rate to single digits, the issue has risen to the top of the political agenda.

However, despite widespread and broad consensus that something must be done, governments, the Organization for Economic Cooperation and Development and others have so far failed to come up with a workable solution.

Now, the OECD is considering...

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