In Germany, Ways & Means Members Highlight How OECD Global Tax Deal Harms Jobs, Emboldens China, and Would Spark Global Tax Instability

Press Release

"The way the rules are written currently by the OECD, it would actually give preference to Communist countries like China that do these state subsidies, these direct payments. And that is a concern, because in the United States, we have non-refundable tax credits, and this would actually put us at a disadvantage, because payments that China makes would not be calculated toward the effective tax rate, in the way that our non-refundable tax credit for let's say, research and development, would."

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