London — The Organisation for Economic Co-operation and Development (OECD) has proposed a global shake-up of corporate taxation, overturning a century of rules that had allowed digital groups such as Facebook, Apple, Amazon, Netflix and Google to shift profits around the world to minimise their tax bills.

The proposals, which were unveiled on Wednesday after months of behind-the-scenes negotiations, are aimed at extracting more tax from large multinationals whether they are digital or own highly profitable brands, such as luxury goods makers or global car companies.

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