137 countries on board for OECD digital tax plan: Gurria at WEF Davos

OECD chief Angela Gurria on Thursday said the international body’s plan to help solve digital tax problems has got support of 137 countries and new rules must be put in place to stop evasion worth hundreds of billions of dollars.

Speaking here at a session during WEF 2020, he said the new plan is not about specific digital companies, but is an issue for finance ministers finding their income going down.

“We need to establish new rules to avoid hundreds of billions of dollars not being paid in tax,” he said.

Some countries including France have postponed their own laws to give a multilateral solution a chance.

Gurra said he is confident that the OECD’s deal will be agreed, despite doubts expressed by some countries, including the US.