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U.S. Treasury Response to Senate Finance Committee Ranking Member's Concerns with Two-Pillar Solution for International Tax Reform

01 April 2022

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United States

As previously reported, U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Finance Committee, sent a letter to Treasury Secretary Janet Yellen in February 2022 regarding concerns with the OECD's two-pillar solution for international tax reform. The following is the letter in response, dated 29 March 2022, from Assistant Secretary for Legislative Affairs, Jonathan Davidson. --- Dear Senator Crapo: Thank you for your February 16, 2022, letter regarding the Organisation for Economic Co-operation and Development/G20 political agreement on reforming the international tax system. The OECD agreement is a once-in-a-generation accomplishment for economic diplomacy that stabilizes the eroding international tax...