If a formula apportionment system had been in place, the world would have been left with much higher tax rates, and thus less investment and economic growth.

FORBES: Targeting Multinationals, the OECD Launches New Scheme to Boost the Tax Burden on Business

Formula apportionment would allow tax bureaucrats to concoct a system for arbitrarily changing the existing distribution of business income, with a clear goal of forcing companies to over-state their taxable income in high-tax nations.

FORBES: New OECD Report Calls For Crippling New Corporate Tax Rules