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Economy

Global digital tax plan targets companies with $23bn-plus in sales

Pressure builds on Google, Amazon and other tech giants to pay up

Many countries around the world are stepping up efforts to tax Big Tech, including Google, Apple, Facebook and Amazon.com. (Photos by Shinya Sawai, Kosaku Mimura and Wataru Ito)

TOKYO -- The Organization for Economic Cooperation and Development aims to impose digital taxes on roughly 100 companies with at least 20 billion euros ($23.9 billion) in revenue and a 10% profit margin, according to a proposal presented to roughly 140 countries and regions.

Negotiating countries hope to iron out the details of the international digital taxation scheme at a two-day online meeting starting Wednesday, with an agreement to be signed at the Group of 20 finance ministers and central bankers meeting in Italy in July.

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