Telcos ask for loophole in OECD’s anti-tax-loophole rules

Two of the telecoms industry’s biggest lobby groups have called for their members to be exempt from upcoming rules designed to curb tax avoidance by multinational tech firms.
The proposed legislation, drawn up by the OECD/G20 is called the Inclusive Framework (IF) on BEPS. BEPS stands for base erosion and profit shifting; it refers to the practice of multinationals – most notably big tech firms – exploiting mismatches in tax rules between different countries by allocating profi