OECD's proposed tax plan is a tall order

07/24/2013 | CFO.com

The Organization for Economic Cooperation and Development is facing an uphill climb to see a global tax proposal implemented in the form and time frame it wants. A proposed two-year deadline is tight, and principles in the proposal are ambitious, requiring much debate. Sandy Bhogal, head of tax at law firm Mayer Brown, says the "aim of linking the revenues of multinational businesses to particular territories and requiring reporting on a multilateral basis will be extremely complex to agree and implement."

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