Final recommendations about how multinational companies should be allowed to shift profits among different tax jurisdictions were issued this month, and the U.S. Congress has not yet indicated whether it will consider legislation in response to the reports. Issued by the Organisation for Economic Cooperation and Development (OECD) the proposals on Base Erosion and Profit Shifting Project recommend changes to domestic laws, the OECD Model Tax Convention and the OECD Transfer Pricing Guidelines. Release of the final reports and subsequent actions by other nations may create a motivation for Congress to act. Further, some U.S. lawmakers say the release of the reports underscore the urgency for Congress to reform the U.S. international tax rules.  Please note: The Wall Street Journal News Department was not involved in the creation of the content above.  The CFO Report provides original real-time reporting, analysis and commentary on news and trends of critical importance to chief financial officers and other senior corporate finance executives: accounting, tax, regulation, capital markets, banking, management and strategy. The CFO Report is a core component of CFO Journal, which aggregates articles and data from The Wall Street Journal and other premium sources. Contact our editors with news items, comments and questions at: cfoeditors@dowjones.com.  Learn about the CFO Journal editorial team.  Your email has been sent.  An error has occured and your email has not been sent. Please try again.  • You can't enter more than 20 emails.  • Seperate multiple addresses with Commas.  • Must enter an email address.  • You must enter the verification code below to send.  • Invalid entry: Please type the verification code again.
Walgreens Boots Alliance Inc. and Rite Aid Corp. didn’t lose sight of the minutiae when negotiating their $9.4 billion drug-store deal.