Brady Statement on the European Commission’s Release of Anti-Base Erosion and Profit Shifting Directives
WASHINGTON, D.C. – Today, the European Commission issued proposed directives related to the Organisation for Economic Co-operation and Development’s (OECD) final recommendations on its base erosion and profit shifting (BEPS) project. Ways and Means Chairman Kevin Brady (R-TX) explained how the documents prove once again that Washington must move forward on international tax reform.
“It is clear that the European Union is moving full speed ahead to implement the OECD’s BEPS project recommendations that will make it even harder for American companies to compete in the global market. If Washington continues to sit by idly in the face of these punitive policy changes, American workers will continue to be the victims of our irresponsible inaction.
“This demonstrates once again why we must move forward immediately with international tax reform. Our committee is working to make it easier for American companies to invest at home, compete abroad, and create more jobs for our workers.”