Nearly 140 countries around the world, led by the OECD, are rewriting rules that would tax high-tech and multinational companies. The proposed rules would effectively transfer tax rights between countries, including allocating shares of taxable profits, determining which country should have tax authority, and a minimum tax rate. The current proposal is little more than an opportunistic scheme designed to increase the tax coffers for many nations at the expense of the U.S.
You can read this op-ed in Real Clear Policy.