Washington, Jan. 5 -- Congressman Ron Estes issued the following press release:
Congressman Ron Estes (R-Kansas), a member of the House Ways and Means Committee, released the following statement following the international tax side-by-side agreement that was made:
"I cannot overstate the importance of this development for protecting U.S. tax sovereignty, American workers, and U.S. businesses competing globally. Under this side-by-side agreement, U.S. companies continue to be governed by U.S. tax law, while OECD Pillar Two rules are adjusted to ensure they do not unfairly apply to U.S.-parented companies. From the outset, the objective has been clear - to prevent double taxation and discriminatory treatment of U.S. firms.
I'm grateful to...