Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.
Tax and fiscal policy have a profound impact on U.S. business investment, economic growth and job creation. Business Roundtable supports competitive, pro-growth tax and fiscal policies to promote economic expansion, level the playing field for U.S. companies competing in global markets and stabilize the federal debt relative to the size of the U.S. economy.
Recent Activities in Tax & Fiscal Policy
The European Commission’s finding against Apple and the Irish government is the latest act of aggression by the EU against a law-abiding U.S. company and sovereign government.
The report examines how Treasury’s rules would affect investments by U.S.-based companies and foreign-based firms in the United States using illustrative examples. The report finds that these investments by U.S. employers would be severely impacted by the proposed rules due to increased financing costs, elevated business risk, added
Business Roundtable believes the approach taken in the Proposed Regulations exceeds the regulatory authority granted to Treasury by Congress under Section 385. Further, the Proposed Regulations are inconsistent with fundamental principles of U.S. tax law, prior regulatory guidance, case law precedents, and Congressional intent.
We are encouraged that Speaker Ryan and Chairman Brady are laser-focused on bold tax reforms that are aimed at growing the economy.
Business Roundtable believes the proposed documentation requirements are excessive and have been proposed without adequate consideration of their costs and alternative, less costly procedures.