International Tax Reform

Law360: Midterms Unlikely to Revive Debate Over Int’l Taxes in US

“Whoever is in power after the election is going to be facing pressure to addressing expiring tax cuts from the Tax Cuts and Jobs Act, protect popular social spending provisions in the tax code and navigate international tax reform efforts that seem to be happening with or without the United states that will impact U.S. multinationals,” Gurule said.

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International Tax Reform Draft from Senate Finance Members is Good for Tax Fairness, but More can be Achieved

The Financial Accountability and Corporate Transparency (FACT) Coalition welcomes the discussion draft released today by Senators Wyden, Warner, and Brown on international corporate tax reform. While the draft legislation would curb tax-haven abuse, protect American jobs, and begin to meet the challenge set by the Biden Administration to end the international race to the bottom in corporate tax collections, more can be achieved through the inclusion of additional measures to equalize U.S. foreign and domestic corporate tax rates in the final legislation.

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