Congressional Support for OECD Tax Plan Hangs on U.S. Outcome

Jan. 12, 2021, 8:39 PM

Congressional support for an OECD digital tax plan depends on any consequences—or advantages—for the U.S. and the reasoning behind deviations from traditional tax policy norms, a House Ways and Means staffer said.

The Organization for Economic Cooperation and Development is trying to find agreement by mid-2021 among 137 jurisdictions on overhauling global tax rules to better reflect modern, digital business models. If the incoming Biden administration agrees to the OECD’s two-pillar plan, implementing the new rules would likely require legislation to be passed, and the Senate would need to change existing tax treaties.

  • Members of Congress need to see the ...

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