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Thursday, October 10, 2019

OECD publishes its proposal to impose taxes on large technology companies

The OECD (Organization for Economic Cooperation and Development) yesterday published its preliminary proposal to impose taxes on large technology companies, such as Apple or Google, and initiated a consultation that will end on November 12. It considers the work of the group made up of representatives from 134 countries and territories, whose suggestions were analyzed equally, the agency said.

It proposes that technology companies pay fair taxes, both where they have activities and where they obtain benefits, and mechanisms are added to avoid and resolve disputes that can be used by governments and companies.

The OECD intends to present its proposal at the next meeting of finance ministers and central bank governors of the G20 (Group of 20), in addition to a large meeting scheduled for next December.

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