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U.S. House Ways and Means Committee Highlights Issues with OECD's Two Pillar Solution and Support for Counter Measures

06 February 2025

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Proposed Changes

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United States

Republican members of the U.S. House Ways and Means Committee have sent a letter to President Trump highlighting their issues with both Pillar 1 and Pillar 2 of the OECD's two pillar solution. In regard to the two pillars, the letter notes support for Trump's recent executive action instructing the Secretary of the Treasury, in consultation with the Secretary of Commerce and the U.S. Trade Representative, to investigate whether any foreign country subjects U.S. citizens or corporations to discriminatory or extraterritorial taxes pursuant to Internal Revenue Code Section 891. The letter also notes that the members are prepared to assist...