Bloomberg Tax featured USCIB this week in an article titled “US Business Group Backs Treasury on Global Tax Deal Pullback.” The focus of the article was on USCIB’s letter to the US Department of Treasury, which supports the Department’s efforts to maintain the independence of the US tax system from the global tax agreement. 

The article quotes the letter: “We appreciate this Administration’s pragmatic and principled approach to address the challenges of the complex Pillar Two GloBE minimum tax regime (“Pillar Two”) which some major economies, including the United States, do not intend to adopt. We are substantively aligned and supportive of your approach and encourage you to secure agreement and finalize the implementing rules before the end of this year.” 

Read the full article here (paywall enforced).