USCIB was quoted in a recent Bloomberg Tax article titled “OECD Standards, 2017 Tax Law Reduced Profit Shifting, Group Says.” This article was published following the July 18 letter to Manal Corwin, Director of the OECD’s Center for Tax Policy and Administration, discussing OECD’s Base Erosion and Profit Shifting (BEPS) framework. 

The article states: “The guidance and law changes substantially curbed incentives for US-based multinational companies ‘to shift profits in a way that did not align with economic activity,’ USCIB said in a letter to Corwin.” 

Read the full article here (paywall enforced).