From Engadget by Rob LeFebvre: South Korea wants to tax global companies like Apple and Google

From the article:

Apparently, the government isn’t yet able to tax global companies as they are not required to disclose sales or profit in the country as long as they don’t have a fixed place of business there.

In service based industries, particularly ones that deal exclusively in information (like software firms or Internet developers) there need not be a physical location anywhere on the planet. I hope countries don’t make a mess of taxation on companies that need to pay the taxes they owe, but this is certainly something that needs to be addressed by any country that has companies operating within their borders.