The Guardian view on taxing the tech giants: time to pay up | Editorial

  New American proposals offer the prospect of a global deal against corporate tax avoidance. Britain has a vital role to play in making it work The terrible global cloud that is the Covid-19 pandemic offered the world the glimpse of a silver lining this week. New tax proposals by Joe Biden mean that the economic emergency caused by coronavirus could result in big multinational corporations having to pay the fair amounts of tax they have avoided for so long. A breakthrough this week at the 135-nation Organisation for Economic Co-operation and Development talks in Paris may produce an agreement. Giants like Facebook and Google would then have to pay up – and not before time. This is definitely a step in the right direction. Until Covid, the OECD corporate tax negotiations that began nearly a decade ago had beendeadlocked , especially after the Trump administration refused to agree to anything that might raise taxes on US tech giants. Individual nations, notably in Europe, had started to i .. Full story on theguardian.com 

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