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Google, Apple and others will be targeted in a huge crackdown on tax dodging

Massive crackdown on tax dodging by major tech companies will soon begin

| Business, Financial & Legal News | Posted: Jul 22, 2013 8:29 am

We have reported previously about big tech companies such as Google and Apple who dodge huge amounts in tax, but now the Organization for Economic Cooperation and Development (OECD) are going to put a stop to this, and quick.

 

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Bloomberg are reporting that the OECD will pump the brakes on corporate tax dodging, with a plan that will "develop rules over the next two years preventing companies from escaping taxes by putting patent rights into shell companies, taking interest deductions in one country without reporting taxable profit in another, and forcing them to disclose to regulators where they report their income around the world."

NEWS SOURCES:Bgr.com

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