Google, Facebook, Netflix etc. have a huge consumer base in several countries but no physical presence which is why Organisation for Economic Co-operation and Development has proposed a new global tax mechanism system for multinationals under which ‘some’ profits and corresponding taxing rights will be re-allocated to countries where the consumers are based.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2B42rud
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