JCT: US Stands to Lose Revenue Under OECD Tax Deal
June 21, 2023
June 21, 2023
WASHINGTON, June 21 -- Sen. Mike Crapo, R-Idaho, ranking member of the Senate Finance Committee, issued the following news release:
The United States stands to lose over $120 billion in tax revenues under the Organization for Economic Co-operation and Development's (OECD) global minimum tax--known as Pillar 2--negotiated by the Biden Administration, according to an analysis by the nonpartisan Joint Committee on Taxation (JCT). The analysis was requested by Senate Finance Committee R . . .
The United States stands to lose over $120 billion in tax revenues under the Organization for Economic Co-operation and Development's (OECD) global minimum tax--known as Pillar 2--negotiated by the Biden Administration, according to an analysis by the nonpartisan Joint Committee on Taxation (JCT). The analysis was requested by Senate Finance Committee R . . .