Daily Tax Report: International

Companies Back ‘One-Stop Shop’ For Distributing Global Taxes (1)

Nov. 21, 2019, 5:13 PMUpdated: Nov. 21, 2019, 6:31 PM

Companies’ concerns about complex compliance burdens in the OECD’s proposal for global tax overhaul could be relieved by centralizing the work in a company’s home jurisdiction, business interests said Nov. 21.

Company representatives and tax advisers at a public meeting in Paris floated the idea of a “one-stop shop” for collecting and redistributing taxes under a major portion of the OECD’s plan.

The Organization for Economic Cooperation and Development is working on getting more than 130 countries to agree to rewrite the rules about where and how much multinationals are taxed in the digitalized economy. At the same time it’s...

To read the full article log in. To learn more about a subscription click here.