OECD aims to stop tech firms shifting profits to low-tax locations

Multinationals would be forced to pay more tax in countries where they make biggest sales

Large internet companies would be forced to pay more tax in countries where they sell products and services under proposals for a global shake-up of taxation rules that currently allow companies to shift profits to low-tax locations.

The Organisation for Economic Co-operation and Development wants to upgrade the international tax system for the 21st century and make multinationals such as Facebook, Amazon and Google pay more corporate tax in the countries in which they generate their biggest sales.