In Germany, Ways & Means Members Highlight How OECD Global Tax Deal Harms Jobs, Emboldens China, and Would Spark Global Tax Instability

Press Release

"As Chairman of this Committee, the tax-writing committee, I will never allow the current version of the OECD global minimum tax to ever become law in the United States. The last thing we want is instability in the global economy. But if this global minimum tax starts being passed in other countries, it's going to create great instability, at least with the United States, because our committee will move forward with Tax and Trade mechanisms to make sure that we are making whole our companies that are being targeted by other countries. Which means this tax is creating exactly what it's supposed to be preventing. That's why we're trying to get this fixed before it's too late. That's why we felt that it was very important for this Committee to visit with you so you could hear from us. Our White House may be saying one thing, but they can't pass it."

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