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U.S. House Ways and Means Republicans Send New Letter to Treasury Secretary on Pillar 1

02 November 2022

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Proposed Changes

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United States

U.S. House Ways and Means Republicans have announced a new letter sent to Treasury Secretary Janet Yellen on Pillar 1 of the two-pillar solution for global tax reform, which includes new profit allocation and nexus rules. --- Brady, Hern Request Treasury Preserve Docs Related to Biden's Global Tax Surrender Biden Admin has refused to consult with Congress on its global tax surrender, which harms U.S. competitiveness and American jobs The Biden Administration has made tax promises to the world without consulting Congress, and has ignored Ways and Means Republicans' requests for revenue estimates. Not only does the agreement surrender American...