Jason Oxman President and Chief Executive Officer at Information Technology Industry Council | Official website
WASHINGTON – Global tech trade association ITI’s Senior Director of Tax and Trade Policy, Megan Funkhouser, testified before the U.S. House Ways and Means Subcommittee on Tax for the hearing, “OECD Pillar 1: Ensuring the Biden Administration Puts Americans First”.
Funkhouser’s testimony focused on ITI’s recommendations to relieve double taxation, secure the removal of digital services taxes and relevant similar measures, and ensure tax certainty.
"Absent robust U.S. engagement, including that of Congress, there is little chance of resolving outstanding issues and crafting a final package that provides certainty and predictability for the global technology industry," Funkhouser emphasized during her testimony.
"Ultimately, global tax policy challenges require global tax policy solutions, which is why ITI supports reaching a multilateral, consensus-based solution that withdraws digital services taxes and prevents their future introduction," Funkhouser further stated.
The hearing aimed to address the implications of OECD Pillar 1 and ensure that the Biden Administration prioritizes the interests of American citizens in international tax policies.
