author_orbitax
Orbitax

Share This Article

U.S. Senator Wyden Issues Statement Supporting Proposal for Reallocation of Taxable Profits of MNE groups under OECD Pillar 1

12 April 2021

|

Proposed Changes

|

United States

Senate Finance Committee Chair Ron Wyden (D-OR) has issued a statement on 9 April in support of the scoping proposal recently put forward by the U.S. Treasury as part of negotiations for OECD Pillar 1 on profit allocation of large MNEs. The proposal includes revenue and profit margin threshold that would effectively limit the scope of Pillar 1 to no more than 100 MNEs, regardless of sector. --- Wyden Statement on Treasury OECD Proposal Senate Finance Committee Chair Ron Wyden, D-Ore., today released the following statement on Treasury's new OECD proposal: "I have long had two goals for the OECD...