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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

Anthony Garreffa | Jul 22, 2013 at 3:29 am CDT (0 mins, 31 secs time to read)

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.

Google, Apple and others will be targeted in a huge crackdown on tax dodging | TweakTown.com

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

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Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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