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.
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."
Last updated: Apr 7, 2020 at 11:37 am CDT
- > NEXT STORY: Microsoft's Surface RT tablet sees the company with a $900 million write-down for the poor performing tablet
- < PREVIOUS STORY: Expect AMD to release 'Carizo' in 2015, the successor to their Kaveri APU