OECD takes aim at tax anomalies across borders

“If you can’t tax the big guys then you are left with the little guys and the middle class, and they can’t provide enough” for the modern democratic state, according to OECD head Jose Angel Gurria.

The Paris-based body is working on tackling base erosion and profit shifting, which exploit gaps and mismatches in tax rules. Within two years, it will finalise the 15 different lines to tackle this.

“The governments will have to take decisions then, but the G20 and the G8 is fully behind it,” Mr Gurria told a conference in Brussels.