Taxation

 

Fountain pen on tax

Chair

Bill Sample
Vice President – Tax
Microsoft Corporation

Vice Chair

Timothy M. McDonald
Vice President, Finance & Accounting, Global Taxes
The Procter & Gamble Company

Vice Chair

Will Morris
Deputy Global Tax Policy Leader
PwC

Staff

Carol Doran Klein
Vice President and International Tax Counsel
202-682-7376 or cdklein@uscib.org

Erin Breitenbucher
Senior Policy & Program Associate and Office Manager, Washington
202-682-7465 or ebreitenbucher@uscib.org

Working Groups / Subcommittees

BIAC/ICC Subcommittee

Inbound Investment Subcommittee

Legislative and Administrative Developments Subcommittee

Tax Treaties Subcommittee

Transfer Pricing Subcommittee

Working Group on Consumption Taxes

Working Group on the Digital Economy

Working Group on Environment and Energy Taxes

Working Group on Financial Services Issues

Working Group on Permanent Establishment Issues

What’s at Stake for Business

  • Multiple sets of inconsistent rules drive up costs and result in double taxation.
  • Double taxation will have a negative impact on global trade and investment.

Current Priorities

  • Provide leadership and business perspective on key OECD projects including BEPS, transfer pricing guidelines for intangibles, permanent establishment rules.  USCIB works closely with BIAC on OECD issues.
  • Urge the OECD to consider the need for a predictable fiscal environment that will protect and encourage cross-border trade and investment in the context of developing and implementing BEPS recommendations.
  • Support enactment of foreign tax simplification provisions in the IRC that would significantly reduce the burden of complexity for U.S. companies and enhance their international competitiveness.
  • Successfully manage the 2018 OECD International Tax Conference in Washington, DC on June 4-5, 2018.

USCIB at Work

USCIB plays a leading role in advocating sound, consistent international taxation policies and opposes any efforts to unfairly increase the tax burden on companies in several forums:

  • At the OECD, leading voice through BIAC informing policymakers on the unintended negative consequences resulting from unilateral actions.
  • At the UN, providing business input at the UN’s Committee of Tax Experts including on changes to the UN Model and UN Transfer Pricing Guidance.
  • In Washington, promoting business interests to U.S. Treasury and House Ways and Means and Senate Finance Committees on International Tax Reform and U.S, competitiveness.

Recent Advocacy Engagement

The Committee has a deep technical knowledge of the practical applications of tax policy and works to prevent any policies that may have unintended negative consequences.  USCIB is also:

  • Engaging with the OECD by submitting comment letters and participating in Public Consultations and informal consultations on BEPS to advocate for the need of effective dispute resolution and clarity in guidance regarding all BEPS outcomes.
  • Citing business concerns with BEPS and noting the threat of double taxation and its negative impact on global trade and investment in letters sent to U.S. Treasury Secretary Jacob Lew.
  • On the Steering Committee of the BIAC Taxation Committee where we influence both agenda setting and policy development in the OECD.

Who We Are

The USCIB Tax Committee is composed of USCIB member companies representing a range of business and industry sectors. Advocacy priorities are determined that reflect consensus among the members.

Mission

The Committee works to enhance the competitiveness of U.S. business by promoting sound, appropriate and consistent international tax policy and also to prevent and eliminate government policies that result in double taxation in a range of strategic forums:

  • The OECD, particularly on the Action Plan on Base Erosion and Profit Shifting (BEPS)
  • The United Nations
  • The U.S. Department of Treasury

Recent Accomplishments

News Stories

USCIB Urges Withdrawal of Global Tax “Toolkit” (10/20/2017) - USCIB recently submitted comments to the Platform for Collaboration on Tax concerning a proposed draft “toolkit” on the taxation of offshore indirect transfers of assets. The Platform for Collaboration on Tax is a joint effort launched in April 2016 by the International Monetary Fund (IMF), the Organization for Economic Cooperation and Development (OECD), the United Nations (UN) and the World Bank Group (WBG).
Multilateral Effort Needed to Address Tax in Digital Economy (10/2/2017) - In response to recent European Union proposals concerning taxation of the digital economy, Business at OECD (BIAC) expressed deep concerns that unilateral action for the taxation of the digital economy will lead to serious distortions in markets and global value chains.

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Press Releases

USCIB Statement on the U.S. Election Results (11/9/2016) - USCIB congratulated Donald Trump on his election as president, saying a top priority for the new administration should be a strategy for U.S. engagement with the wider world.
USCIB Welcomes Treasury White Paper Criticizing EU State Aid Investigations (8/24/2016) - USCIB welcomed the U.S. Treasury’s statement criticizing the European Commission’s ongoing state aid investigations, aimed at recouping prior-year tax benefits.

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Staff Contact:   Carol Doran Klein

VP and International Tax Counsel
Tel: 202.682.7376

Carol Doran Klein manages USCIB’s Taxation Committee and represents member views on key tax policies and initiatives to the U.S. government and to various international forums. She also serves as vice chair on the executive bureau of the BIAC Tax Committee, where she represents the views of U.S. business. As vice chair she participates in meetings with senior OECD secretariat officials and members of the OECD’s Committee on Fiscal Affairs.
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