OECD new tax rules plan to 'change the game' will effect Luxembourg
The OECD has put forward new proposals it said would "change the rules of the game" for companies avoiding huge tax payment by exploiting international loopholes and therefore would effect Luxembourg.
(AFP/ADW) The OECD on Tuesday put forward new proposals it said would "change the rules of the game" for companies that avoid paying huge amounts of tax by exploiting international loopholes and therefore would effect Luxembourg.
Pascal Saint-Amans, head of tax at the OECD, said that 44 countries representing 90 percent of the world economy had agreed on the need to stop companies taking advantage of different regimes by means of what are known as tax optimisation strategies.
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