A lot of new information about a draft multilateral tax deal was made public by the Organization for Economic Co-operation and Development (OECD) last week. The dump of documents has to do with OECD Pillar 1, Amount A, which is a plan to change where big multinational businesses pay taxes on their profits.
Rep. Jason Smith (R-MO) introduced a bill this month that would tell the Treasury to make a list of countries that tax U.S. taxpayers (including businesses) in unfair or extraterritorial ways, and then raise taxes on companies and people from those countries.
A lot of new information about a draft multilateral tax deal was made public by the Organization for Economic Co-operation and Development (OECD) last week. The dump of documents has to do with OECD Pillar 1, Amount A, which is a plan to change where big multinational businesses pay taxes on their profits.
