House Ways and Means Committee Republicans lauded President Donald Trump for his stance against the global corporate tax agreement, and vowed to provide him with the ability to retaliate against other countries’ extraterritorial taxes.
The lawmakers “applaud the authorization of the use of Sec. 891" in response to the global minimum tax’s undertaxed profits rule and “other extraterritorial and discriminatory taxes and for requesting more retaliatory options from your Treasury department,” they wrote in a letter sent to Trump Feb. 3.
“As members of the House Committee on Ways & Means, we are prepared to assist in this task by ...
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