Abstract This Article is an effort to familiarize the non-tax business readers with a leading change in the international taxation arena which may (rather would definitely!) change forever the way countries have been taxing. Due to the limitation of space, this Article does not cover the specificities of this ambitious change and would restrict itself to a general idea about the project. Introduction Though the United Nations has been the frontrunner for proposing international coordination among the nation states in most areas of law, it is the Organisation of Economic Cooperation and Development (OECD) which has proved to be the crusader in the taxation regime. One of the reasons for the h