202-224-4515, Katie Niederee and Nicole Hager
Hatch Announces Hearing to Examine the U.S. International Tax System
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) will convene a hearing on Tuesday, Oct. 3, to examine how Congress can update the United States’ system of taxing cross-border income to level the playing field for American companies and keep more jobs and investment here at home. The hearing, titled, “International Tax Reform” will take place at 10 a.m. in Dirksen Senate Office Building, Room 215.
“There are a variety of changes we can make to the U.S. tax code to help American companies better compete in the global market and put an end to the perverse incentives that have caused jobs and investment to move overseas,” Hatch said. “This hearing will give members the opportunity to further explore these issues and hear from experts on how modernizing the international tax structure will not only make American companies more competitive in the 21st century economy but also, will make our country a more inviting place to invest and do business, keeping and growing jobs at home.”
The following witnesses are scheduled to testify:
Bret Wells, Professor of Law and George Butler Research Professor of Law, Law Center, University of Houston, Houston, TX
Kimberly Clausing, Ph.D., Thormund A. Miller and Walter Mintz Professor of Economics, Reed College, Portland, OR
Stephen E. Shay, Senior Lecturer on Law, Harvard Law School, Harvard University, Cambridge, MA
Itai Grinberg, Professor of Law, Law Center, Georgetown University, Washington, DC
In July 2015, the Senate Finance Committee published an International Tax Bipartisan Tax Working Group report to examine the international tax code in an attempt to find ways to fix a system that is clearly broken.
A fact sheet on a territorial tax system can be found here.
Who: Senate Finance Committee
What: “International Tax Reform”
Where: 215 Dirksen Senate Office Building
Washington, D.C. 20510
When: Tuesday, Oct. 3, 2017
For media inquiries and additional information, including webcast and testimony details, please visit: http://finance.senate.gov/hearings.
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