Corporation tax revenue could fall under OCED proposals

Under the plans, firms - including large digital companies with a significant presence in this country - would have to pay tax wherever they have significant consumer-facing activities and generate their profits.Currently many multinational firms, particularly in the digital space, move their profits and intellectual property assets around the world to lower tax jurisdictions in order to reduce their tax bills.

This would be achieved by the setting of new rules about where tax should be paid, and what proportion of the profits should be taxed. The new proposals come after months of international negotiations aimed at achieving a consensus over international corporation tax rule reform.

Paschal Leo and Mehole ... your bubble is about to burst and we can’t wait ... you’ll be getting phuck all else off me I can tell you that

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