They’re not letting Treasury get away with it!
It’s been more than two months since Senator Orrin Hatch and Congressman Paul Ryan (two chairmen of important tax writing committees) sent a letter to the Treasury Department questioning their intentions to implement an OECD tax grab.
Treasury ignored them, but they’re not giving up.
In a new letter sent just days ago, Hatch and Ryan called out regulators trying to sneak an invasive tax reporting scheme dreamed up by an elite cadre of tax collectors at the OECD behind the backs of Congress.
The project is called Base Erosion and Profit Shifting (BEPS), and it’s bad news for U.S. competitiveness and American taxpayers (see our report, “Making Sense of BEPS: The Latest OECD Assault on Tax Competition“).
Obama’s regulators have ignored their duties and defied a previous inquiry from Senator Hatch and Congressman Ryan. This time they’re demanding an immediate response as to why the administration thinks Europe should set U.S. tax policy.
We’re not holding our breaths that they will respond as ordered, so we have to hold their feet to the fire.
