LONDON (Reuters) – A landmark deal to reform company tax funds proposed by the Group of Seven on Saturday won’t unfairly profit the USA, the Organisation for Financial Co-operation and Improvement stated on Monday.
“I wouldn’t agree together with your characterisation that this significantly advantages the U.S.,” OECD Secretary-Basic Mathias Cormann instructed BBC radio.
“I believe you’ll discover that there are a variety of very giant multinational U.S. corporations that can find yourself paying extra tax in international locations all over the world, the place maybe in the intervening time that isn’t the case,” he stated.
Cormann stated he anticipated Amazon can be among the many corporations coated beneath the brand new guidelines. The OECD has been instrumental in drawing up new worldwide tax proposals.
(Reporting by David Milliken; modifying by Michael Holden)
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