USCIB Acknowledges the G20 Finance Ministers Endorsement of the October Two-Pillar Global Tax Proposals

Washington D.C., October 13, 2021—The United States Council for International Business (USCIB) notes the endorsement by the G-20 Finance Ministers today of the OECD/G20 Inclusive Framework landmark deal announced on October 8. The deal, agreed by 136 countries, including the US, establishes a new framework for international tax reform represented by two distinct proposals or pillars. The two-pillar solution will be delivered to the G20 Leaders’ Summit in Rome at the end of the month while the intensive work on the design and drafting of the numerous parts of the deal continues into 2022.

“The OECD has once again reached a significant milestone on schedule and was able to add a handful of key countries into the fold of the deal agreement since July,” said USCIB Vice President and International Tax Counsel Rick Minor.

The October deal terms include a long list of technical work that must still be completed in relatively short order according to the OECD timeline. USCIB Tax Committee company members are positioned to directly advise the OECD drafting teams through its membership in the Business at OECD Taxation Committee. According to Minor, “putting aside the ambitious timelines through 2022, our members will be focused on the development of the design and details for key aspects of each of the pillars. With respect to Pillar One, this includes, but is not limited to, dispute prevention and resolution mechanisms, the tax liability rules, revenue sourcing, the marketing and distribution safe harbor and so-called Amount B. We are also mindful of the fact that the drafting of the Pillar Two rules is on a parallel path with the numerous GILTI deliberations in Congress this fall which arguably puts pressure on that process if there is no coordination in review.” USCIB will remain engaged in the OECD rule design process through Business at OECD and directly, through the appropriate engagement.

About USCIB

USCIB promotes open markets, competitiveness and innovation, sustainable development, and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. As the U.S. affiliate of the International Chamber of Commerce (ICC), the International Organization of Employers (IOE) and Business at OECD (BIAC), USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade and investment. More at www.uscib.org.

Contact:

Rick Minor

VP and International Tax Counsel

rminor@uscib.org

USCIB Applauds Launch of Trade and Technology Council (TTC), Urges Timely Conclusion of New Privacy Shield Framework

Washington D.C., September 21, 2021—The U.S. Council for International Business (USCIB), a cross-sectoral trade association of companies active in transatlantic business, welcomes the cooperative spirit underlying the U.S.-EU Trade and Technology Council (TTC), which will be formally launched on September 29 in Pittsburgh, PA.

The TTC’s aims to grow bilateral trade and investment, strengthen global cooperation on technology and digital issues, boost innovation, collaborate on supply chain resilience, and realize greater regulatory interoperability, among other goals set forth in the July 15 EU-U.S. Summit communique, all of which are critical to fully reaping the economic and social welfare benefits of digital transformation.

Achieving the TTC goals, however, will be difficult unless a new agreement establishing a durable legal basis and privacy protections for transatlantic data flows is concluded as soon as possible. This accord is essential to the U.S.-EU economic and diplomatic partnerships and, importantly, will enable innumerable gains to be realized under the TTC process.

As USCIB and some twenty-two U.S. and EU business groups underscored in a July 14 letter to U.S. Commerce Secretary Gina Raimondo and European Commissioner for Justice Didier Reynders, thousands of EU and U.S. companies continue to be harmed by the resulting legal uncertainty for transatlantic data transfers stemming from EU Court of Justice invalidation of Privacy Shield Framework in July 2020. Differing interpretations of the Court ruling risk triggering additional compliance and operational challenges as well as limit opportunities for EU businesses to grow and innovate internationally.

USCIB therefore urges timely conclusion of a sustainable framework for secure transatlantic data flows in the coming weeks. This will provide the necessary foundation upon which the TTC can effectively realize its goals, while ensuring that U.S. and EU companies active in the transatlantic commercial space can thrive again. We look forward to positive news from the U.S. and European Commission soon.

About USCIB

USCIB promotes open markets, competitiveness and innovation, sustainable development, and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. As the U.S. affiliate of the International Chamber of Commerce (ICC), the International Organization of Employers (IOE) and Business at OECD (BIAC), USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade and investment. More at www.uscib.org

Business Partners to CONVINCE Supports Global Workplace Vaccine Requirements

New York, N.Y., August 02, 2021—Business Partners to CONVINCE (BP2C), a global communication and education initiative to promote COVID-19 vaccine acceptance among private sector employers and employees, released a statement commending the Biden administration’s announcement on July 29 that it will require all federal employees to attest their vaccination status or be subject to masking, social distancing and COVID-19 testing requirements.

The following statement was made by Scott Ratzan MD, executive director of Business Partners to CONVINCE, an initiative of The USCIB Foundation:

“As COVID-19 vaccination rates wane for a variety of reasons, the COVID delta variant is spreading globally. With vaccination as our principal hope to stem the pandemic, we are pleased by the Biden administration’s decision to require federal employees and onsite contractors to get safe and effective vaccines. We encourage all eligible Americans to get fully vaccinated. We welcome opportunities to work with government, business and civil society to help achieve the vaccination levels for community immunity.

“We call on BP2C’s vast global network, which consists of organizations such as the International Chamber of Commerce (ICC), the International Organization of Employers (IOE), Business at OECD (BIAC), Vaccines Europe, and the Australian Chamber of Commerce and Industry (ACCI) to support their local governments across Africa, Asia, Australia, Europe, North and South America in communication and education initiatives around COVID-19 vaccines. These vaccines have been proven to be safe and effective and the best way forward out of this pandemic and towards economic recovery.

“We applaud BP2C steering team partner the Society for Human Resource Management (SHRM) as well as USCIB members Facebook, Google, The Walt Disney Company, Walmart and Uber that have announced new requirements to encourage vaccinations among their workers and ensure a safe workplace. We encourage other companies to do the same and we stand ready to offer resources and communications strategies to employers about vaccine literacy.”

ABOUT BUSINESS PARTNERS TO CONVINCE: The United States Council for International Business (USCIB), The USCIB Foundation, and Business Partners for Sustainable Development (BPSD) have launched Business Partners to CONVINCE, a global communication and education initiative to promote COVID-19 vaccine acceptance among private sector employers and employees. The new partnership will play an integral role in a broader, global CONVINCE (COVID-19 New Vaccine Information, Communication, and Engagement) campaign to advance vaccine literacy and help ensure a strong and swift recovery from the COVID-19 pandemic through widespread acceptance of safe, effective and accessible vaccines.

ABOUT THE USCIB FOUNDATION: The USCIB Foundation is the research and educational arm of the United States Council for International Business (USCIB). The principal purpose of the Foundation is to carry out research and educational activities designed to promote and advance the benefits of a free-market economy and to demonstrate and document the role of the corporate private sector in economic growth and social development.

USCIB Statement on World Day Against Child Labor

New York N.Y., June 10, 2021 — On the World Day Against Child Labor, the U.S. Council for International Business (USCIB) joins the chorus of global voices calling for elimination of child labor. This issue is one of profound concern for the business community and we applaud the robust efforts of our corporate members to help tackle the scourge of exploitative child labor. As the U.S. business representative to the International Labour Organization (ILO), USCIB has consistently advocated for international action to promote decent work and address the enforcement and implementation gaps that exacerbate vulnerabilities.

Ahead of World Day Against Child Labor on June 12, the ILO and UNICEF released new global estimates on child labor. USCIB notes with great concern the increase of children in child labor for the first time in twenty-years and we know that the COVID-19 pandemic presents an ongoing risk to millions more children.

Despite universal ratification of ILO Convention 182 on the Worst Forms of Child Labor, there remains an unacceptable 160 million children in child labor, seventy-nine million of which are in hazardous work. One child is too many. Therefore, the private sector calls on governments to recommit to and invest in good governance, promulgation of sound national labor laws, and effective enforcement. USCIB stands ready to partner with governments, academia, civil society and the public to reinvigorate efforts to achieve Sustainable Development Goal 8 (SDG-8) to “promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all,” with particular attention to Target 8.7 to end all forms of child labor by 2025.

About USCIB

USCIB promotes open markets, competitiveness and innovation, sustainable development, and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD (BIAC), USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade and investment. More at www.uscib.org.

USCIB Supports New Public Education Initiative to Combat Black Market Trade

Washington D.C., June 08, 2021—USCIB joined United to Safeguard America from Illegal Trade (USA-IT) in launching a new public education initiative designed to provide local officials, law enforcement, and thought leaders with information and training programs to help tackle illegal trade and raise public awareness of the depth of the problem as well as the severe consequences inflicted on states and municipalities by black market profiteers.

The campaign will run through 2021 across eight states facing critical illegal trade issues: Arizona, California, Florida, Illinois, Louisiana, Michigan, Pennsylvania, and Texas.

The black market is a $509 billion a year business, and it’s growing. Criminals get rich from illegal trade by robbing revenues meant to provide essential services to Americans. Instead of helping taxpayers, that money is used to fund those who illegally traffic in drugs, weapons, and even people. These groups exploit governments and citizens, manipulate financial systems, spur corruption, and cultivate instability and violence that threaten our communities.

No one government or single industry can address this complex problem on its own. Tackling illegal trade requires cooperation and public-private partnerships and fully utilizing existing expertise, information sharing, innovative solutions, and evolving technologies. Public actors, the private sector, and civil society alike all have a role to play.

For more information about USA-IT’s efforts to combat illegal trade, and to get involved, visit USAIT.org.

About USCIB

USCIB promotes open markets, competitiveness and innovation, sustainable development, and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD (BIAC), USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade and investment. More at www.uscib.org.

About USA-IT

United to Safeguard America from Illegal Trade (USA-IT) is a public and private sector partnership protecting Americans’ security and prosperity from black market criminals.

Contacts

Sam Dashiell
T. +1 (202) 480 1617
E. contact@USAIT.org

Kira Yevtukhova
T. +1 (202) 617 3160
E. kyevtukhova@uscib.org

Digital Economy Architects to Keynote at Joint OECD, Business at OECD and USCIB Conference

New York, N.Y., March 16, 2021 — For the past year, the COVID-19 pandemic has required us to conduct our lives virtually and has, subsequently, highlighted the relevance of the OECD’s Internet Policy Principles (IPPs). These principles call for a global free flow of information and services, multistakeholder participation, and cooperation to ensure Internet security and privacy. With these issues in mind, USCIB joined with the OECD and Business at OECD (BIAC) to organize a Digital Economy Conference focusing on “A Decade of OECD Internet Principles: Policy-Making in a Data-Driven World.” Key experts, such as MIT’s Daniel Weitzner, Microsoft’s Julie Brill, Deputy Assistant Secretary of Commerce Christopher Hoff, Ambassador David Gross of Wiley, and Sharri Clark from the White House, as well as OECD’s Andrew Wyckoff, among others, will discuss the evolving digital ecosystem, Artificial Intelligence (AI), government access to data, and challenges to both business and policymakers.

“The IPPs, adopted in 2011, have underpinned the OECD’s evolving work on digital economy issues in the past decade,” said USCIB Vice President for ICT Policy Barbara Wanner. “These themes have also been echoed in recent digital economy work of the United Nations, the UN Internet Governance Forum, and other multilateral bodies.”

The May 25 virtual conference, officially the “Joseph H. Alhadeff Digital Economy Conference,” will consider how the IPPs have been reflected in some of the OECD’s ground-breaking digital work – such as development of the AI Principles. Industry experts will also consider how the Principles may be employed to address challenges posed by the rapid pace of digital innovation and related changes to the digital ecosystem.

Registration is now open for this conference. Please contact Erin Breitenbucher to register: ebreitenbucher@uscib.org.

Members of the press and media are also welcome to register and join.

About USCIB: USCIB promotes open markets, competitiveness and innovation, sustainable development, and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD (BIAC), USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade and investment. More at www.uscib.org.

USCIB Announces New Policy Leadership

Brian Lowry

New York, N.Y., February 01, 2021: The United States Council for International Business (USCIB) announced that Brian Lowry, a former executive in the agriculture and crop science industry, and longtime USCIB corporate member leader, has joined USCIB’s staff as senior vice president of innovation, regulation, and trade. Lowry will be replacing Mike Michener, vice president for product policy and innovation, who is departing USCIB to join the Biden Administration to coordinate international food security policy.

Norine Kennedy

In addition, USCIB announced the promotion of Norine Kennedy to the position of senior vice president, policy and global strategy. With over 25 years’ experience as USCIB’s lead on environment, energy and climate change, Kennedy has been a forceful and respected voice for U.S. business at the UN Rio, Johannesburg, and Rio+20 sustainability conferences, at UN Environment Programme (UNEP) and UN Environment Assembly (UNEA) meetings, all Conferences of the Parties of the UN Convention on Climate Change (UNFCCC) and at the UN High Level Political Forum (HLPF). Kennedy also spearheaded USCIB’s strategic international engagement initiative to advance meaningful business engagement, partnership and regulatory diplomacy across the UN system.

Working from St. Louis and USCIB’s Washington, DC office, Lowry will lead the organization’s policy work on trade, health, food, agriculture, chemicals, and intellectual property. He will also coordinate USCIB’s engagement in the Asia-Pacific Economic Cooperation (APEC) forum.

“Brian brings a wealth of experience and knowledge to USCIB, especially his background in working within a multinational corporate entity and with international organizations, that will contribute greatly to our efforts on behalf of members,” said Peter Robinson, USCIB CEO and president. “We are excited to have him join our team at a time when the policy and regulatory issues facing American companies are complex and growing—but also when the innovative capacity of the private sector can contribute so much to solving the global challenges we face today.”

Lowry most recently served in St. Louis as deputy general counsel at Bayer U.S. – Crop Science Division (formerly Monsanto) and headed the Office of Law & Policy. He was responsible for key legal functions and public policy efforts including international trade policy, negotiations, and compliance; multi-lateral undertakings and conventions and UN-related matters; human rights, human resources, and immigration; business conduct, ethics, and anti-corruption; intellectual property policy; and stakeholder and socially responsible investor engagement. Lowry also co-chaired the USCIB working group on the UN Sustainable Development Goals and Post-2015 Development Agenda and was the first board chair of the UN Global Compact Network USA.

In 2017, Lowry was recognized by the Financial Times as one of the six best leading in-house counsel specialists as “The Thought Leader.” In 2011, he was a finalist in the International Law Office Global Counsel Awards, and in 2014, he was recognized as the American Corporate Counsel International Lawyer of the Year. He is regularly engaged in university discussions on food security and business and human rights, and participates in a number of philanthropic, arts and community boards and activities. Lowry has taken advanced studies at Stanford University and Harvard University, and holds degrees from the University of Dayton, BS Education, and Washington University, Juris Doctorate.

Mike Michener

Michener is a former administrator of the U.S. Foreign Agricultural Service who has also served as a U.S. diplomat in Rome and association executive in Brussels; he also worked with the U.S. Department of State, the U.S. Department of Homeland Security, and the U.S. Agency for International Development, and he served with the United States Army for seven years in Europe.

Robinson said, “We are sorry to see Mike Michener leave us, but happy as always to see USCIB alumni going on to key corporate and governmental positions. And we are fortunate to be able to count on the collaborative leadership of Norine Kennedy and Brian Lowry in advancing opportunities for private sector solutions to critical global issues at a time when multilateralism matters to business.”

About USCIB:

USCIB promotes open markets, competitiveness and innovation, sustainable development, and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world.

As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD (BIAC), USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade and investment. More at www.uscib.org.

The USCIB Foundation’s Business Partners to CONVINCE Launch COVID-19 Challenge

In a recent press release, The USCIB Foundation, the education and research arm of USCIB, announced that its Business Partners to CONVINCE (BP2C) initiative has launched a ‘Global COVID-19 Workplace Challenge,’ inviting companies and organizations around the world to listen to employees’ needs and concerns about the impact and prevention of COVID-19 and encourage vaccine confidence and uptake, among other things.

TheBP2C initiative is the private sector arm of the global, multi-sector CONVINCE (COVID-19 New Vaccine Information, Communication, and Engagement)initiative that advances vaccine literacy and promotes vaccine acceptance.

Members of the BP2C Steering Team, which includes global organizations such as Business Fights Poverty, Business at OECD, the International Chamber of Commerce, and the International Organization of Employers, jointly agreed to develop vaccine literacy strategies based on science, facts and emerging information to counter hesitation and vaccination opponents through communication and education initiatives at the global, national and local levels.

Companies joining the Global COVID-19 Workplace Challenge agree to do the following:

  • Listen to employees’ needs and concerns about the impact and prevention of COVID-19
  • Follow the latest public health guidance to protect myself, my employees, my workplace, my customers, and my community from COVID-19
  • Promote vaccine literacy based on the latest scientific evidence of vaccination benefits and risks
  • Encourage vaccine confidence and uptake
  • Advocate for accessible, equitable, and timely vaccination of employees
  • Engage with communities, schools, faith-based organizations and public health leaders to stop the spread of COVID-19

“BP2C is developing a ‘toolkit’ of activities to help businesses address the COVID-19 Challenge,” said USCIB President and CEO Peter Robinson. “Research has shown that businesses are a trusted source of information, and are well suited to engage, inform and educate workers, their families and communities with messages that inspire confidence in vaccination and encourage acceptance of COVID-19 vaccines.”

Scott Ratzan MD, executive director of BP2C and co-founder of CONVINCE, stated: “The potential for business to engage meaningfully in the growing international movement to address COVID with evidence-based vaccine literacy strategies is massive. Employers have the trust, respect and reach to support vaccine confidence with communication and education initiatives at the global, national and local levels.”

BP2C Steering Committee member Professor Heidi Larson, director of the Vaccine Confidence Project and co-founder of CONVINCE added that: “The COVID-19 pandemic challenges all of us to engage in meaningful ways. We urge businesses of all sizes and in all industries – from multinational corporations to small- and medium-sized national and local enterprises to sign up to the COVID-19 Workplace Challenge and help expedite our return to a pandemic-free society.”

To read the full press release, click here.

USCIB Encourages Biden Environmental Nominees to Engage on Multilateral Issues

New York, N.Y., December 18, 2020: The United States Council for International Business (USCIB) issued a statement today by its President and CEO, Peter Robinson, commending the nominations of Michael Regan, for Administrator of the U.S. Environmental Protection Agency (US EPA) and Brenda Mallory to lead the White House Council on Environmental Quality (CEQ).

“USCIB members are strongly committed to advancing environmental protection through innovation and investment in the global marketplace. We believe that EPA and CEQ play crucial roles in shaping U.S. international environmental policy, not just in connection with climate change but in other priority areas, such as pursuing nature-based solutions, circular economies and responsible chemicals risk management. 2021 will be a year of important decision-points in the multilateral system, looking ahead to the fifth UN Environment Assembly and eventual thirty-year anniversary of the Rio Earth Summit; vigorous U.S. engagement in those deliberations will be vital for economic prosperity and environmental stewardship at home and abroad.

“USCIB sees opportunities to pursue synergies across international and domestic actions for enhanced environmental benefits, and advance the UN Sustainable Development Goals (SDGs), delivering a recovery that improves environmental quality, creates jobs and stimulates public-private partnerships. Since 1992, USCIB has represented U.S. business in support of the UN Framework Convention on Climate Change (UNFCCC) and its Paris Agreement. In addition, USCIB has been the voice of American business at the UN Environment Programme (UNEP), the Strategic Approach to International Chemicals Management (SAICM), and other multilateral environmental deliberations and forums. USCIB is fully committed to international cooperation and to partnership with our government to advance American private sector-driven economic prosperity and environmental stewardship at home and abroad. In our view, it is critical to continue to focus on and champion substantive engagement of U.S. business across the UN system on key environmental topics.

“USCIB and its members are ready to assist the incoming Administration to develop and implement market-oriented environmental solutions and measures, working with the international community and in consultation with the American private sector. As the U.S. affiliate of Business at OECD (BIAC), the International Chamber of Commerce (ICC) and the International Organization of Employers (IOE), and with its own standing at the UNFCCC, UNEP and at the UN Economic and Social Council (ECOSOC), USCIB is uniquely placed to scale and amplify these opportunities across the UN system, and in the OECD and the WTO.”

About USCIB: USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation. Its members include U.S.-based global companies and professional services firms with operations in every region of the world. As the U.S. affiliate of leading international business organizations and as the sole U.S. business group with standing in ECOSOC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.

Policy Contact: VP for Strategic International Engagement, Energy and Environment Norine Kennedy (nkennedy@uscib.org)

Addressing Tax Challenges Arising from Digitalization of the Economy: USCIB Submits Comments to OECD

Washington D.C., December 14, 2020 – The U.S. Council for International Business (USCIB), which represents many of America’s leading global companies, provided comments to the Organization for Economic Cooperation and Development (OECD) in response to the OECD’s Public Consultation Request to its Reports on the Pillar One and Pillar Two Blueprints, which would develop coherent rules to address the tax challenges arising from the digitalization of the economy.

Among its recommendations, USCIB emphasized that the OECD rules should be developed with consideration of their potential impact on global growth and business investment decisions, and should be designed in a way to support the achievement of tax certainty for taxpayers and tax administrations and not be too complex or too onerous in compliance to discourage global investment. According to its comments, USCIB noted that the rules should also be based, to the maximum extent possible, on internationally accepted principles of taxation for coherency in their creation and consistency in their application.

For USCIB’s complete comments to the OECD, please click here.

About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce (ICC), the International Organization of Employers, and Business at OECD (known as BIAC), USCIB helps to provide business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.