U.S. Coalition Supports Withdrawal From OECD’s Global Tax Plan
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U.S. Coalition Supports Withdrawal From OECD’s Global Tax Plan
The Alliance for Competitive Taxation issued a letter to U.S. Treasury Secretary Scott Bessent voicing support for the executive order pulling the United States out of the OECD global tax deal, emphasizing that the undertaxed profits rule under pillar 2 of the OECD’s two-pillar tax reform plan would cause the United States to lose an estimated $122 billion in tax revenue over the next decade.
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