Corporations "should welcome" new tax rules

New proposals for reforming the international tax system are published, and they aim to make it much harder for multinationals to avoid payments by shifting profits to low-tax jurisdictions. Chris Higson, professor of accountancy at the London Business School, says he's "optimistic" about the plan drafted by the Organisation for Economic Co-operation and Development (OECD).

(Photo: A protest against tax avoidance at the G8 Summit in Northern Ireland in 2013. Credit: Bertrand Langlois, Getty Images)