OECD Proposal To Raise Taxes Is Based On Faulty Data

Following decades of international debate over how to rewrite the taxation of multinational businesses, nearly 140 countries, including the Biden administration, agreed to an outline for a new global tax system. Since then, the proposal has been met with criticism and skepticism from Congressional Republicans and other critics who argue that it will harm American taxpayers and infringe on U.S. sovereignty. Most recently, ten House Republicans proposed stripping U.S. funding for the Organisation for Economic Co‐​operation and Development (OECD), the international organization facilitating the reforms. Read Full Article »