June 03,2021

Press Contact:

Ashley Schapitl (202) 224-4515

Wyden, Neal Statement on Upcoming G7 Meetings, Status of OECD Negotiations

Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., and House Ways & Means Committee Chair Richard E. Neal, D-Mass., today issued the following statement on the upcoming G7 meetings and status of OECD negotiations:

“We applaud the Biden administration for taking a leadership role in moving forward on what would be a landmark achievement on international taxation. After months of productive engagement by Secretary Yellen and the Treasury Department, we are optimistic that a strong multilateral agreement can be reached to harmonize our international tax rules, end the race to the bottom and put a stop to digital services taxes. We look forward to working with the administration and evaluating the outcome of these negotiations for American workers, businesses and taxpayers.”