Senate Finance Committee Chair Ron Wyden (D-OR) has issued a statement on 9 April in support of the scoping proposal recently put forward by the U.S. Treasury as part of negotiations for OECD Pillar 1 on profit allocation of large MNEs. The proposal includes revenue and profit margin threshold that would effectively limit the scope of Pillar 1 to no more than 100 MNEs, regardless of sector.
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Wyden Statement on Treasury OECD Proposal
Senate Finance Committee Chair Ron Wyden, D-Ore., tod…