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NFTC Outlines Business Priorities During OECD Tax Consultation

PARIS, FRANCE – National Foreign Trade Council (NFTC) Vice President for International Tax Policy Anne Gordon yesterday delivered remarks during the Organization for Economic Co-operation and Development (OECD) Consultation on Amount A of Pillar One.

"The NFTC has always stressed the importance of non-discriminatory tax practices that allow U.S. companies to fairly compete – and thrive – in international markets," said Anne Gordon. "We are proud to continue working with the OECD and other international stakeholders to ensure that the new OECD tax framework creates a level-playing field for all of our companies."

During her testimony, she highlighted the importance of continued work on:
  • Further clarification on the definition of ‘relevant similar measures;'
  • A principled agreement on withholding taxes;
  • Clarity on measures such as diverted profit taxes;
  • Removal of all DSTs and repercussions for those countries who impose new DSTs or unilateral measures; and
  • Rules regarding the imposition of sub-national taxes that may circumvent Pillar One.

The full testimony can be found here.

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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.