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OECD Tech Giants Tax Plan

International economic body, the OECD, has published new proposals aimed at making global tech companies pay more tax.

The proposals would give governments more power to tax companies such as Apple, Facebook and Google in countries where they sell products and make profits.

Multinational companies could be liable for tax in places where they have no physical presence. The OECD’s proposal would establish tax on goods sold and profits made, according to the country where the purchase and profits were made.

US companies, many of which have the financial headquarters in Ireland, would be particularly affected by the measures.

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