Washington, D.C., October 31, 2011– The United States Council for International Business (USCIB), a pro-trade group which represents America’s top global companies before the U.S. government and in major international forums, welcomed proposed tax reform measures put forward by Rep. David Camp (R – Mi.), chairman of the House Ways and Means Committee.
“We are pleased to see Chairman Camp’s proposal on tax reform,” said USCIB President and CEO Peter M. Robinson. “The high rates and worldwide system of taxation of the United States are out of step with the rest of the world. U.S. business supports efforts to achieve reform of these rules. Chairman Camp’s proposal represents an important first step.”
Mr. Robinson underscored the importance of maintaining a level playing field for all companies in the context of U.S. tax reform. “We must ensure that legislative alternatives intended to protect the tax base do not disfavor U.S. companies versus their competitors,” he said. “We look forward to working with Chairman Camp and other members of Congress and the administration to achieve bipartisan business tax reform.”
Through its affiliation with the Business and Industry Advisory Committee to the OECD, USCIB works closely with the U.S. and other governments to provide business input and promote closer international cooperation on tax matters, including the OECD Model Tax Treaty and the OECD Transfer Pricing Guidelines.
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation. Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, including BIAC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.
Jonathan Huneke, USCIB
+1 212.703.5043, email@example.com