Sen. Wyden Issues Statement on High-Tax Exception Regulations
July 21, 2020
July 21, 2020
WASHINGTON, July 21 -- Sen. Ron Wyden, D-Oregon, ranking Democratic member of the Senate Finance Committee, issued the following statement in reaction to the issuance of the global intangible low-taxed income high-tax exception regulations:
"The Treasury Department again overstepped its authority to create more loopholes for megacorporations to exploit and reduce their tax bills.
"In these regulations, the department is allowing companies to determine which . . .
"The Treasury Department again overstepped its authority to create more loopholes for megacorporations to exploit and reduce their tax bills.
"In these regulations, the department is allowing companies to determine which . . .