Negotiations on international corporate tax reform are in full swing. The United States sent a new proposal to its global partners at the OECD this week.
The US plan proposes a different formula from what is currently envisaged by the OECD (see EUROPE B12636A13). Under the plan, only the world’s largest and most profitable companies would be subject to the new rules, regardless of their sector of activity, based on their level of revenue.
The proposal was rather well received and in any...