, Columnist
Global Corporate Tax Avoidance Might Get Harder
An effort to coordinate international taxation will end many of the old dodges.
Just a resort island again.
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Slap a tariff on steel and you’re sure to roil markets. But behind the big headlines on trade sanctions are developments that might be just as momentous for the global economy: About 135 of the world's countries are negotiating a radical change to the rules about where and how much multinational companies pay in taxes.
The topic was the subject of back-room talks in Davos last week and continue this week in Paris at a working meeting of the Organization for Economic Cooperation and Development. There are important reasons that this effort — after so many false starts — may actually deliver change.