Friends,
American companies are under siege.
As if BEPS and the anti-tax competition work of the OECD weren’t bad enough, now the EU is trying to force its own member states to collect taxes they don’t even want!
That’s what is happening right now in the case of Apple and Ireland, where low corporate tax rates have long been attacked by the European Commission. If this tax grab isn’t stopped now, it will likely spread to other U.S. multinationals like Google, Starbucks, and Amazon.
This political greed will hurt the global economy and reduce American jobs.
Below are some of the most informative commentaries to help you get up to speed on this latest assault on tax competition.
Sincerely,
Andrew F. Quinlan,
President, Center for Freedom and Prosperity
Tax Competition News…
The European Commission’s Attack on Apple and Ireland is Really an Attack on Tax Competition
International tax expert and economist Dan Mitchell puts context to the EU’s audacious tax grab.
http://freedomandprosperity.org/2016/blog/big-government/the-european-commissions-attack-on-apple-and-ireland-is-really-an-attack-on-tax-competition/
Jack Lew’s Answer to the EU’s $14 Billion Shakedown of Apple: a Worldwide Tax Cartel
Veronique De Rugy explains why the U.S. Treasury is an unreliable ally for multinationals targeted by the EU. She explains, “the more the EU grabs, the less is left for Uncle Sam to feed on.”
http://www.nationalreview.com/corner/440032/uss-call-worldwide-tax-cartel
Washington Can’t Permit EU-Led Open Season on U.S. Companies
CF&P’s Brian Garst explains why Congress must act to prevent further tax grabs: “We’ve seen through the OECD BEPS project what happens when Washington, and in particular Congress, allows European bureaucrats to dream up global tax rules unmolested. It inevitably leads to a byzantine system of arcana designed to keep the government bureaucrats and accountants employed while squeezing the maximum amount of tax revenue possible out of the global economy.”
http://freedomandprosperity.org/2016/blog/washington-cant-permit-eu-led-open-season-on-u-s-companies/
EU State Aid Cash Grab Threatens Rule of Law and Investment
ATR’s Natalie De Vincenzi warns of the dangerous precedent being set, and the need for pro-growth tax reform.
https://www.atr.org/eu-state-aid-cash-grab-threatens-rule-law-and-investment
From the Market Center Blog…
Hillary’s Grave-Robber Tax Hike
Dan Mitchell looks at Hillary’s “class warfare on steroids,” as she doubles down on her destructive agenda through a call for bigger increases of the death tax.
http://freedomandprosperity.org/2016/blog/hillarys-grave-robber-tax-hike/
The Unsung Economic Success Story of New Zealand
A look at how the island nation passed big reforms to turn its fortunes around.
http://freedomandprosperity.org/2016/blog/the-unsung-economic-success-story-of-new-zealand/
The IMF’s Accurate – But Biased and Hypocritical
The IMF Director took some not-so-subtle swipes at Donald Trump. They were accurate, but also hypocritical coming from an organization which routinely pushes bad fiscal policy.
http://freedomandprosperity.org/2016/blog/the-imfs-accurate-but-biased-and-hypocritical-attack-on-trump/
