BNA: US Business Coalition Pushes for Tax Overhaul After BEPSNovember 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 tax revenue unless Congress addresses international tax reform,” wrote Lisa Camooso Miller, spokeswoman for American Innovation Matters, in a released statement. “The United States needs a competitive tax code or we will fall behind.”
American Innovation Matters comprises several prominent U.S. companies, including Apple Inc., Intel Corp., Adobe Systems Inc., Boeing Co., Cisco Systems Inc., Facebook Inc. and McGraw Hill Financial Inc., according to the release.