U.S. Senate Finance Committee Ranking Member Mike Crapo (R-ID) has issued a release on an letter sent to Treasury Secretary Janet Yellen highlighting Treasury’s lack of authority amid growing concerns that the OECD agreement’s so-called "undertaxed profits rule" would violate bilateral tax treaties.
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Congressional Republicans: Administration Neglected U.S. Interests in OECD Deal, Invited Extraterritorial Tax on U.S. Companies
Members highlight Treasury’s lack of authority amid growing…