In a letter to Congress, the Coalition for Tax Competition claims that the OECD is ‘no friend of the US’ and recommends that it ‘should no longer be subsidised by American taxpayers’. The letter (see www.bit.ly/1rTlKjx) says that the US is the OECD’s single largest contributor having sent $74m to the OECD in FY 2015. Despite this, however, the OECD ‘persistently works against their interests’. The letter warns that the OECD ‘has long worked to undermine tax competition, which high-tax nations view as an obstacle to new revenue grabs’. The OECD’s BEPS project ‘has taken this agenda to a new level and targeted American corporations for a massive tax grab’.
Separately, US Treasury deputy assistant secretary of international tax affairs Robert Stack has suggested that countries participating in the OECD BEPS project sought to rewrite international tax rules for intellectual property and the digital economy at the expense of US multinationals. The comments were made at a National Tax Association conference in Washington last week.
Stack also expressed similar concerns over the ‘unfair targeting’ of US multinationals in January – that time by the EU over its fiscal state aid investigations into Apple, Starbucks, McDonald’s and Amazon.
In a letter to Congress, the Coalition for Tax Competition claims that the OECD is ‘no friend of the US’ and recommends that it ‘should no longer be subsidised by American taxpayers’. The letter (see www.bit.ly/1rTlKjx) says that the US is the OECD’s single largest contributor having sent $74m to the OECD in FY 2015. Despite this, however, the OECD ‘persistently works against their interests’. The letter warns that the OECD ‘has long worked to undermine tax competition, which high-tax nations view as an obstacle to new revenue grabs’. The OECD’s BEPS project ‘has taken this agenda to a new level and targeted American corporations for a massive tax grab’.
Separately, US Treasury deputy assistant secretary of international tax affairs Robert Stack has suggested that countries participating in the OECD BEPS project sought to rewrite international tax rules for intellectual property and the digital economy at the expense of US multinationals. The comments were made at a National Tax Association conference in Washington last week.
Stack also expressed similar concerns over the ‘unfair targeting’ of US multinationals in January – that time by the EU over its fiscal state aid investigations into Apple, Starbucks, McDonald’s and Amazon.
