Senate Finance Committee Ranking Member Crapo, Rep. Smith: Biden Administration Should Negotiate a Better Global Tax Deal for America
March 14, 2024
March 14, 2024
WASHINGTON, March 14 -- Sen. Mike Crapo, R-Idaho, ranking member of the Senate Finance Committee, issued the following news release:
The United States stands to lose billions of revenue under the Organization for Economic Cooperation and Development's (OECD) plan to reallocate global taxing rights--known as Pillar One--negotiated by the Biden Administration, according to an analysis by the nonpartisan Joint Committee on Taxation (JCT). JCT estimates that about 70 percent of the prof . . .
The United States stands to lose billions of revenue under the Organization for Economic Cooperation and Development's (OECD) plan to reallocate global taxing rights--known as Pillar One--negotiated by the Biden Administration, according to an analysis by the nonpartisan Joint Committee on Taxation (JCT). JCT estimates that about 70 percent of the prof . . .