Reason.com - Free Minds and Free Markets
Reason logo Reason logo
  • Latest
  • Magazine
    • Current Issue
    • Archives
    • Subscribe
    • Crossword
  • Video
    • Reason TV
    • The Reason Roundtable
    • Just Asking Questions
    • Free Media
    • The Reason Interview
  • Podcasts
    • All Shows
    • The Reason Roundtable
    • The Reason Interview With Nick Gillespie
    • The Soho Forum Debates
    • Just Asking Questions
  • Volokh
  • Newsletters
  • Donate
    • Donate Online
    • Donate Crypto
    • Ways To Give To Reason Foundation
    • Torchbearer Society
    • Planned Giving
  • Subscribe
    • Reason Plus Subscription
    • Gift Subscriptions
    • Print Subscription
    • Subscriber Support

Login Form

Create new account
Forgot password

Policy

Developed Nations Want To Squeeze More Taxes from Multinationals

They especially resent firms that go shopping for friendly jurisdictions

Reason Staff | 7.19.2013 7:10 PM

Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL
Media Contact & Reprint Requests

Stashing profits offshore may soon get tougher for companies, thanks to an ambitious plan released Friday by the finance chiefs of leading world economies aimed at forcing multinationals to pay more taxes.

Low tax payments by major global companies — including Google, Amazon, Facebook and Starbucks — have sparked public anger in Europe recently, as governments are struggling with high debts, low growth and austerity measures that are hitting ordinary taxpayers.

"National tax laws have not kept pace with the globalization of corporations and the digital economy, leaving gaps that can be exploited by multinational corporations to artificially reduce their taxes," the Organization for Economic Cooperation and Development said in announcing the new tax plan Friday. It was unveiled at a meeting of the Group of 20 finance ministers in Moscow.

Start your day with Reason. Get a daily brief of the most important stories and trends every weekday morning when you subscribe to Reason Roundup.

This field is for validation purposes and should be left unchanged.

NEXT: Syrian Kurds Face Off Against Islamists in Battle for Autonomy

Reason Staff
PolicyWorldTaxesFree TradeGlobalization
Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL
Media Contact & Reprint Requests

Show Comments (1)

Latest

The Constitution Does Not Allow the President To Unilaterally Blow Suspected Drug Smugglers to Smithereens

Rand Paul | 10.8.2025 5:54 PM

States Are Banning Retail Sales of Dogs and Cats. It's Doing More Harm Than Good.

John Stossel | 10.8.2025 2:50 PM

Supreme Court Declines To Address Section 230 in Two Cases for This Term

Joe Lancaster | 10.8.2025 2:30 PM

Trump Calls for Arrest of Chicago Mayor and Illinois Gov. Pritzker

C.J. Ciaramella | 10.8.2025 1:15 PM

Trump's Labor Department Admits That Trump's Immigration Crackdown Is Causing a Shortage of Farm Workers

Eric Boehm | 10.8.2025 1:00 PM

Recommended

  • About
  • Browse Topics
  • Events
  • Staff
  • Jobs
  • Donate
  • Advertise
  • Subscribe
  • Contact
  • Media
  • Shop
  • Amazon
Reason Facebook@reason on XReason InstagramReason TikTokReason YoutubeApple PodcastsReason on FlipboardReason RSS

© 2025 Reason Foundation | Accessibility | Privacy Policy | Terms Of Use

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Take Reason's short survey for a chance to win $300
Take Reason's short survey for a chance to win $300
Take Reason's short survey for a chance to win $300