BEPS - Hatch, Camp statement on 2014 OECD tax conference 

June 3: Senate Finance Ranking Member Orrin Hatch (R-UT) and Ways and Means Committee Chairman Dave Camp (R-MI) yesterday released a statement on the 2014 Organisation for Economic Co-operation and Development (OECD) conference on Base Erosion and Profit Shifting (BEPS), taking place this week in Washington, DC.

The statement expresses concern "that the BEPS project is now being used as a way for other countries to simply increase taxes on American taxpayers."


According to Hatch and Camp, the best way for the United States to address the potential problem of BEPS is to enact comprehensive tax reforms that lower the corporate rate to a more internationally competitive level and modernize the "outdated and uncompetitive" U.S. international tax structure.




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