WASHINGTON DC – National Foreign Trade Council (NFTC) Vice President for International Tax Policy Anne Gordon today testified at a House Committee on Ways & Means Subcommittee hearing on the OECD’s international tax negotiations.
During her testimony, Anne stressed the importance of tax certainty in the international tax system for U.S. companies.
“While we support the OECD’s process and have participated in every step of the way, we believe that more needs to be done to ensure that the business community’s voice is being heard as countries negotiate the two pillars,” said Gordon. ‘We welcome increased involvement from the Congress to ensure the best possible outcome in these negotiations and look forward to staying engaged as the process in Paris continues.”
The testimony outlined the impact on the U.S. business community and priorities as the process continues to evolve:
The hearing, titled ‘Biden’s Global Tax Surrender Harms American Workers and Our Economy,’ included testimony from experts split into two panels: the first with Michael Plowgian, Deputy Assistant Secretary for International Tax Affairs, Department of Treasury and the second with Mindy Herzfeld, Professor of Tax Practice, University of Florida Levin College of Law; Adam Michel, Director of Tax Policy Studies, CATO Institute; David Schizer, Dean Emeritus and Harvey R. Miller Professor of Law and Economics, Columbia Law School; and Peter Barnes, International Tax Advisor and Of Counsel, Caplin & Drysdale.