Grassley, Finance Republicans Commend President Trump’s Rejection of OECD Global Tax Code

WASHINGTON– Sen. Chuck Grassley (R-Iowa), a senior member and former chairman of the Senate Finance Committee, joined his Senate Finance Republican colleagues in praising President Trump’sexecutive orderto end the Organization for Economic Co-operation and Development’s (OECD) global tax overreach. Senate Finance Republicans’ joint statement follows:
“Bypassing Congress, the Biden Administration collaborated with the OECD on a global tax code that cedes US taxing rights and siphons US tax revenues to foreign countries, ignoring the best interests of American businesses and workers.  President Trump’s executive order to nullify those America-last commitments could not come soon enough.
“We look forward to working with the Trump Administration and our House Republican colleagues on developing tools to protect US interests and discourage foreign countries from implementing and imposing discriminatory and unfair taxes on US businesses and workers.”
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