New government data show that U.S. companies that operate around the world employed 29.3 million Americans in 2019, accounting for more than 22% of U.S. private sector employment. Average compensation earned by American workers at these American-based multinational companies (MNCs) was $82,700 — 20% higher than compensation earned by workers…

Lawmakers have repeatedly warned that raising GILTI taxes will harm American competitiveness In multiple letters to congressional leadership, Democratic lawmakers from across the country have expressed concerns that the proposed tax increases on the foreign earnings of U.S. companies would make it harder for American businesses and American workers to…

While the OECD has come to a tentative agreement, adoption of foreign minimum taxes by individual countries is complex, difficult and many years away The Organization for Economic Co-Operation and Development (OECD) announced plans to establish a global foreign minimum tax in early October, with 136 countries of the Inclusive…

U.S. Department of Treasury Secretary Janet Yellen and Acting Director of the Office of Management and Budget Shalanda Young shared the country’s Budget Results for Fiscal Year 2021, which show that — in spite of political rhetoric to the contrary — U.S. corporate tax revenues in 2021 were the highest…

According to the University of Pennsylvania’s Penn Wharton Budget Model, tax increases passed by the Ways and Means Committee on the income American companies earn abroad would harm their ability to compete with foreign-headquartered companies. The Penn Wharton study found the bill’s changes to the U.S. minimum tax on foreign…

Democrats agree that raising taxes will harm U.S. competitiveness in global markets Three congressmen from Texas — Reps. Vicente Gonzalez, Filemon Vela and Henry Cuellar — sent a letter to Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer urging them to rethink proposed changes to the international tax framework…

Current proposals would increase taxes by trillions of dollars — find out how those tax hikes would affect Americans across the country. Corporate taxes may appear to target corporations, but economists agree: people bear the cost of corporate tax increases. …

The unintended consequences of corporate tax increases will stifle growth when we need it most After more than a year of coronavirus-caused closures, the U.S. economy is showing signs of recovery and growth. As businesses re-open, Americans are beginning to travel, dine at restaurants and shop in stores once again. …

A new analysis prepared by the nonpartisan staff of the Joint Committee on Taxation finds that more than 169 million American families earning less than $500,000 would end up paying for the Administration’s proposed increase in corporate taxes. …