G20 officials eye $100B annual boost by taxing tech giants

Article Link: https://torontosun.com/news/world/g20-officials-eye-100b-annual-boost-by-taxing-tech-giants/wcm/a5e00bb5-759a-4d20-80f4-17e4c5199a46

Discussion posted by: IRWeasel

RIYADH — Leading world economies must show unity in dealing with aggressive “tax optimization” by global digital giants like Google, Amazon and Facebook, G20 officials said on Saturday. The Organisation for Economic Cooperation and Development (OECD) is developing global rules by to make digital companies pay tax where they do business, rather than where they register subsidiaries. The OECD says this could boost national tax revenues by a total of $100 billion a year.