PACE Coalition on OECD Global Tax Framework: Far from Finished

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 the OECD’s proposed 15%, and do so years before other countries can implement this agreement. Congress should not make changes to the tax code unless and until other countries enact foreign minimum taxes on their companies. Doing so would further disadvantage U.S. companies and American workers.”

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