House Ways & Means Committee Chairman Smith, Sen. Crapo: Biden Administration Should Negotiate a Better Global Tax Deal for America
March 14, 2024
March 14, 2024
WASHINGTON, March 14 -- Rep. Jason Smith, R-Missouri, chairman of the House Ways and Means 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 th . . .
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 th . . .