The OECD has proposed on Wednesday a global shake-up of corporate online taxation.

The plan would see digital groups such as Facebook, Apple, Amazon, Netflix and Google pay in the country of operation rather than shift profits around the world to minimise their tax bills.

EU member states are now divided between states that have worked to attract corporate behemoths, like Ireland, and states that have seen multinationals make billions without paying taxes, like Italy.

Under new OECD pla...

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