The Tax Take

The new Beps rules mean smaller economies could lose tax revenues and foreign direct investment

A world of trouble

For a few hours last week the tax story wasn’t this week’s budget. Competing for attention was the OECD’s Beps proposals, a new set of rules to tax multinational companies. You’d think that in a country where so many of our workers are employed by the multinational sector and which relies on companies to pay more than 10 per cent of all taxes collected, any changes imposed from outside ...