Global Tax Code: A Challenge to US Sovereignty and Corporate Stability

Global Tax Code: A Growing Concern for American Businesses

The global tax code poses a serious threat to US sovereignty and local businesses as foreign governments are encouraged to impose additional taxes on U.S. corporations. These taxes are likely to be passed down to consumers and workers, exacerbating already high consumer prices.

The Impact of International Taxation

• American corporations could face severe tax burdens as global bureaucrats deem them und taxed.
• Foreign taxation significantly impacts both worker compensation and consumer pricing.
• The UN's proposed voting mechanism threatens to radically change existing tax agreements.

How Did We Get Here?

Initially rooted in data publication by the OECD, this tax initiative morphed into a campaign against corporate tax avoidance, which has now become harmful to the US economy. Inequitable taxation arrangements threaten American competitiveness in the global market.

What Can Be Done?

Instead of consenting to multilateral treaties, the U.S. should prioritize bilateral tax agreements that protect its interests.

• Enhancing existing treaties can better accommodate the needs of American businesses.
• Ensure that foreign nations adhere to their tax obligations to the U.S.

The U.S. must oppose policies that allow discriminatory taxation from foreign entities, asserting a firm stand against a global tax code that undermines American lawmaking.