Montana Senator Calls for Funding Cuts to Global Tax Organization
Senators Steve Daines (R-Mont.), James Lankford (R-Okla.), and Mike Crapo (R-Idaho) have urged Congress to reduce funding to the Organization for Economic Co-operation and Development (OECD) for its global tax policy initiatives.
They argue that the OECD’s actions threaten American jobs and the economy by undermining U.S. tax sovereignty.
In a letter addressed to key Senate appropriators, the Senators criticized the OECD’s ongoing efforts to impose global tax rules, claiming these efforts disproportionately impact American companies.
The senators emphasized the need for the U.S. to maintain its competitive edge in the global market without being subjected to international tax mandates.
The letter also highlighted concerns over the OECD’s Inclusive Framework on Base Erosion and Profit Shifting (BEPS), which they believe imposes unfair tax burdens on U.S. businesses.
The Senators called for a reassessment of the financial support provided to the OECD to ensure it aligns with American economic interests.
Joining Senators Daines, Lankford, and Crapo in sending the letter were Senators Ted Cruz (R-Texas) and John Barrasso (R-Wyo.). The coalition of Senators seeks to protect U.S. tax policy from international overreach and promote economic growth within the country.
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