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OECD seeks unified tax regime for web giants

telecom | 10/10/2019 5:49 pm EDT

The Organisation for Economic Co-operation and Development will host a public consultation next month on its proposed “unified approach” to the taxation of the world’s biggest tech companies. A document released by the OECD Wednesday ahead of the planned consultations outlines skeletal plans for a new approach to tax in the digital economy that would have a significant impact on the web giants, often referred to by the acronym FAANG: Facebook Inc, Apple Inc., Amazon Inc., Netflix Inc., and Alphabet Inc.’s Google.  The proposal, which flows out of a series of meetings amongst G20...