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Daily Tax Report: International

OECD’s Profit Shifting Plan Won’t Impact Revenue: French Report

Nov. 19, 2019, 6:27 PM

An OECD plan to reallocate more of a multinational company’s profits to where it has users or consumers would have a negligible impact on revenue, a French government advisory report said.

The French Council of Economic Analysis proposed in its report that only a fraction of overall global profits should be allocated to market countries. The Organization for Economic Cooperation and Development’s plan “increases the complexity of the determination of taxing rights without significantly changing their allocation,” it said.

The OECD plan, released in October, would allocate more corporate profits to countries where multinationals have a large market presence but...

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