Representatives about 20 US advocacy groups, in a May 12 letter, urged Congress to stop funding the OECD, arguing that its work developing worldwide standards to tax multinational corporations is contrary to US interests.
“With release of the final reports on Base Erosion and Profit Shifting (BEPS), there can be no doubt that the Organization for Economic Cooperation and Development (OECD) is no friend to the United States,” say the authors, who call themselves the Coalition for Tax Competition.
The group states that, through the BEPS project, the OECD has targeted US companies in a “massive tax grab” and has imposed “onerous and excessive” new reporting requirements on multinational corporations that put “trade secrets unrelated to tax assessment into the hands of unscrupulous governments and make propriety data vulnerable to unauthorized access by third parties.”
The Coalition for Tax Competition also argues that the OECD should not exert pressure on tax havens to increase their tax rates or eliminate financial privacy
The letter was signed by representatives of the following organizations: Center for Freedom & Prosperity, Americans for Tax Reform, National Taxpayers Union, American Commitment, Competitive Enterprise Institute, Less Government, Council for Citizens Against Government Waste, Small Business & Entrepreneurship Council, Taxpayers Protection Alliance, 60 Plus Association, Independent Women’s Voice, Sovereign Society Freedom Alliance, Center for Financial Privacy and Human Rights, National Tax Limitation Committee, Independent Women’s Forum, Frontiers of Freedom, Campaign for Liberty, Institute for Policy Innovation, R Street Institute, Institute for Liberty.
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