Analysis: Curbing corporate-tax avoidance will come slowly

07/30/2013 | Economist (tiered subscription model), The

Corporate interests tend to oppose any effort to restrict use of tax havens and other devices to avoid taxation, but a plan by the Organization for Economic Cooperation and Development offers hope of progress, according to The Economist. "Given the many political and technical obstacles facing the OECD ... tax-planners are unlikely to lose any sleep just yet," the magazine says. "One day, though, things may change: as the eventual adoption of the earlier multilateral convention shows, international tax reform is not impossible, merely painfully slow."

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Economist (tiered subscription model), The

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