Sounds like a simple solution.
Hang, on, what if you are a small business and you make a small amount of overseas sales? would you have to register for overseas tax? Hmm, maybe this needs to be a bit more thought-through.
Multinational companies should pay tax on their profits based on where their products are sold, not where they are made, a professor is to suggest.In the Royal Economic Society's annual lecture on Tuesday, Professor Rachel Griffith will argue corporate tax should be charged like VAT.