The U.S. Congress Joint Committee on Taxation has published a report, Background and Analysis of the Taxation of Income Earned by Multinational Enterprises. The report describes the legal and economic background of the U.S. taxation of cross-border activities and was prepared for the recent public hearing held in regard to the OECD two-pillar solution by the House Ways and Means Committee on 19 July 2023.
---
INTRODUCTION AND SUMMARY
The House Ways and Means Committee has scheduled a p…