Failing to Further the OECD Agreement Would Be A Lose-Lose-Lose

The time to pass international tax reforms included in the Build Back Better Act is now. If Congress fails to pass these reforms it would be a lose-lose-lose: encouraging continued profit shifting and offshoring of investment and jobs, while yielding no competitive benefit for U.S. MNEs, and potentially contributing to the failure to invest in solutions to some of our biggest long-term competitive concerns. In contrast, these reforms can advance the OECD minimum tax agreement and create a more competitive tax environment for U.S. MNEs, deterring the incentive to shift profits and offshore factories and jobs, while funding critical investments toward more sustainable and equitable growth.

Congress Must Advance International Tax Reform