Monday, November 5, 2012
OECD enters multinationals’ tax debate
That is the headline from the FT for a tiny little piece that says very little other than that the OECD "is tightening the rules on intellectual property to make it harder for multinationals to site their intellectual property, brands, trademarks and know-how in tax havens where there is no genuine business." But it's a fascinating headline, isn't it, conveying the idea that this is new territory for the OECD. No mention that it was the OECD that in effect created and continues to shape the whole international tax system as we know and love it today, tax havens and all.