WASHINGTON DC – The National Foreign Trade Council (NFTC) last week submitted comments as part of the OECD’s public consultation on Pillar One – Amount B.
In the comments, the NFTC reiterated its support for the objectives of Amount B “namely simplifying and streamlining the pricing of marketing and distribution activities in market jurisdictions.”
“The NFTC appreciates that the OECD continues to give the business community the opportunity to comment on the Inclusive Framework process as it develops,” said Anne Gordon, NFTC Vice President for International Tax Policy. “We have been active participants in this process all along and urge the OECD to continue to take into account the business community before finalizing any aspect of this process.”
The letter outlines specific comments in the following areas:
The full comments can be found here.
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.