The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
By Chris Giles
Meeting in Washington, the G20 welcomed the recent progress and the announcement last week of an OECD initiative to find a compromise way of taxing profits, particularly of tech giants. Its suggestion was to rip up almost a century of taxing profits according to the physical presence of a company in a jurisdiction and move to one that gave countries greater taxing rights dependent on where sales were located.
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