2-Pillar Framework

61 Labor Groups and NGOs Call on Congress to Close International Tax Loopholes

November 13, 2023

61 labor and advocacy organizations are calling on Congress to pass the No Tax Breaks for Outsourcing Act, which levels the playing field for American small businesses by removing incentives in the tax code that reward major multinationals for offshoring and profit shifting.

Global Tax Deal Advances, but Questions Persist

October 8, 2021

A two-pillar framework agreed to by the OECD for taxing large multinational corporations represents a paradigm shift in the way that these companies are taxed—allocating the right to tax certain excess profits of very large companies to “market” jurisdictions and creating a global minimum corporate tax— but concerns about the long-term political viability of the proposal merit consideration.