Monday’s publication by the Organisation for Economic Co-operation and Development (OECD) was meant to define globally agreed rules for the taxation of multinationals in a world economy dominated by digital services and big data. Instead, the 137 countries and jurisdictions engaged in the process have agreed an incomplete “blueprint” for the rules that could force global firms to pay more tax in those countries where their customers are – and less in those where they base intangible assets and remote functions, such as Ireland. “We were supposed to deliver a consensus-based solution by July. Let’s say it right now, we…

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