PACE

PACE Coalition Calls Failure ‘Further Evidence’ that Congress Should Not Make Major Changes to International Tax Code Washington – In case you missed it, earlier this week finance ministers of European Union member states failed to agree on the timing for implementation of its global minimum tax proposal. PACE Perspective: “PACE opposes harmful changes to America’s …

ICYMI: EU Failed to Reach Agreement on Global Minimum Tax Proposal Read More »

Washington – The PACE Coalition today issued the following statement after the Organisation for Economic Co-operation and Development (OECD) announcement on a global tax framework: “Today’s OECD announcement on progress for a global tax framework leaves many details unresolved and questions unanswered. It also raises significant concerns on why Congress would increase the GILTI rate above …

PACE Coalition on OECD Global Tax Framework: Far from Finished Read More »

Washington – The PACE— Promote America’s Competitive Economy—Coalition today issued the following statement in advance of the Ways and Means markup of Reconciliation legislation: “PACE opposes proposed international tax increases that further tilt the playing field against American companies, jeopardize American job growth and make the United States less competitive with China and others. “Globally engaged …

PACE Coalition Urges Congress to Reverse Course on Harmful Tax Changes Read More »

Washington – The PACE Coalition today issued the following statement in response to the introduction of the Overhauling International Taxation discussion draft by Senate Finance Committee Chair Ron Wyden, Senator Sherrod Brown and Senator Mark Warner: “This discussion draft would increase taxes on American companies and not their competitors, which would tilt the playing field against our …

PACE on International Tax Discussion Draft Introduced by Senators Wyden, Brown, Warner Read More »

Washington – The PACE Coalition today released the following statement on the announced OECD high-level agreement on a 15 percent global minimum tax: “U.S. companies have been subject to a minimum tax on their overseas earnings since the U.S. undertook tax reform in 2017, and the OECD announcement holds the potential for foreign competitors to be held to …

PACE Coalition Statement on Global Minimum Tax Agreement Read More »

Washington – The PACE Coalition today issued the following statement after the Biden Administration unveiled additional details on its proposal to increase the Global Intangible Low-Taxed Income (GILTI ) rate: “The Administration’s proposal to increase the GILTI rate and make other onerous tax changes to how the minimum tax is calculated means fewer American jobs, less domestic …

PACE Coalition Responds to Biden Administration’s Proposal to Increase GILTI Rate Read More »

Washington – The PACE Coalition today issued the following statement in response to introduction of the Overhauling International Taxation framework by Senate Finance Committee Chair Ron Wyden, Senator Sherrod Brown, and Senator Mark Warner: “The latest proposal to overhaul international taxation would jeopardize job growth and make the United States less competitive. By increasing taxes on the income earned in foreign …

PACE Coalition Statement on International Taxation Framework Introduced by Senators Wyden, Brown and Warner Read More »

Washington – The PACE Coalition today issued the following statement in response to Treasury Secretary Janet Yellen’s call for a global minimum tax rate: “While we share Secretary Yellen’s goal of a competitive international stage, imposing noncompetitive taxes on American companies would have the complete opposite effect. No other country imposes a minimum tax on its …

PACE Coalition on Secretary Yellen’s Proposed Global Minimum Tax Read More »

Calls Proposal ‘Blueprint for Shrinking the Economy,’ Imperiling Recovery Washington – The PACE—Promote America’s Competitive Economy—Coalition today issued the following statement after President Biden announced his infrastructure plan: “The President’s plan outlined today amounts to a $2 trillion tax increase on globally engaged American companies. At a time when Congress and the Administration should be …

PACE Coalition: Corporate Tax Increases in President’s Infrastructure Plan Are a ‘Non-starter’ Read More »