The OECD (Organisation for Economic Cooperation and Development) has announced plans to upgrade the international tax system for the global age. The problem with the existing tax rules is they allow the large multinationals, such as Facebook, Google and Amazon, to move profits to low tax locations. The existing tax rules date back to the 1920s and, for quite some time, in an increasingly globalised world, have no longer ensured a fair allocation of taxing rights. The OECD is proposing that some of the profits and tax rights should be reallocated to countries where the companies make the biggest profits. At this stage, the proposals are vague and it is too early to say whether they will be successful: after all, these global companies employ highly paid accountants with the simple objective of paying less tax. However, unless there is a solution, the tax, or should I say the lack of tax, may become an issue that destabilises the global economy. As if we did not have enough to worry about!