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Economy

OECD to agree on basing digital tax on profit margin and revenue

Apple, Amazon and about 100 other large companies would meet the threshold

Countries and regions negotiating on how to levy a digital services tax are coordinating to ensure that it would apply to Google, Amazon, Facebook and Apple.

TOKYO -- The Organization for Economic Cooperation and Development is proceeding with a U.S. proposal to set an international rule on what companies are subject to a digital services tax, the intergovernmental organization told about 140 countries and regions participating in the negotiations.

The OECD discussed a number of calculations under the proposal put forward by the U.S. in April. The tax would affect about 100 global companies that exceed a certain standard based on profit margin and revenues.

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