Radical changes to the international tax system may be the only way to get more than 130 countries to agree to rewriting global tax rules.
Formula-based international tax rules—rather than the more subjective current methods— might be the best path to compromise between countries and companies as the global tax system is overhauled, they say.
A formulaic approach would be a considerable change from the current system of transfer pricing. However some companies say such a math-based approach would get more political support, and would help them as well.
“If you’re just counting votes it becomes not an option,” said...