New global plans unveiled to crack down on corporate tax avoidance.

[MoonRiver]

Hope this comes to pass.

LONDON (Reuters) - Plans for a major rewriting of international tax rules unveiled on Tuesday could eliminate structures that have allowed companies like Google Inc <GOOGL.O> and Amazon.com Inc <AMZN.O> to shave billions of dollars off their tax bills.

The Organisation for Economic Co-operation and Development (OECD) announced a series of measures that, if implemented by members, could stop companies from employing many commonly-used practices to shift profits into tax havens.

more:
http://thestockmarketwatch.com/news/read.aspx/new-global-plans-unveiled-to-crack-down-on-corporate-tax-avoidance/3c6a25697e6c4b617f11e88836cd2279/

[Romulox]

1. "if implemented by members"--the same members who wrote the tax-avoiding schemes to begin with?

[MoonRiver]

2. I'm not sure who the OECD members are.

I think it's a hopeful sign that this is even being discussed openly.

[Romulox]

3. All the usual suspects involved in the 2008 meltdown, for example.

http://www.oecd.org/about/membersandpartners/list-oecd-member-countries.htm

[RKP5637]

5. I hope so too, but if history repeats, it's just smoke and mirrors for

camouflage.

[RKP5637]

4. ... if typical, will be done to punish the little guys, allow the

big guys to skirt the rules, than say, look, see, we cleaned it up. Probably just more SOS BS. I have to really justify on my tax returns a few dollars here to charity, a gift, etc. ... these guys skirt millions upon millions. I get audited, these guys get a free pass, just business, by the old boys' money club for billions.