Bloomberg BNA

BNA: US Business Coalition Pushes for Tax Overhaul After BEPS

November 19, 2015

Some of the most profitable technology firms in the U.S. have formed a coalition to push for an international tax overhaul in the wake of the OECD’s completion of its Action Plan on Base Erosion and Profit Shifting (BEPS). “The die has been cast, and the United States stands to lose major corporate investments and […]
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Tax Notes: Corporate Coalition Pushes For US Patent Box

November 18, 2015

American Innovation Matters (AIM), a coalition of companies that includes Cisco, Boeing, Intel, Oracle and Facebook, has released a statement pushing for the introduction of a US patent box, or an “innovation box” as it is known in the United States. The statement looks at the endorsement on November 16 by Group of Twenty (G-20) […]
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Committee on Ways and Means

LOCKOUT: Flawed U.S. Tax Structure Keeps Trillions Offshore That Could be Invested Here

August 5, 2015

Here’s a helpful illustration. Microsoft, a company that symbolizes American innovation, is now holding $108 billion of its profits overseas. Just sitting there. And why? “What’s keeping Microsoft’s cash abroad is the U.S. tax code.” That, according to a Bloomberg News story that describes a serious and growing obstacle for our economy. It’s well known that the […]
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