Morning Tax (Politico)

NAM OUTLINES BEPS MISGIVINGS: Dorothy Coleman, vice president of tax and economic policy at the National Association of Manufacturers, is warning Congress to “take a close look” at the BEPS proposal the OECD will present to the G-20 finance ministers in Peru today. Coleman gave Morning Tax a sneak peek at her statement: “Of particular concern to U.S. global manufacturers are new information reporting requirements that would impose substantial and unnecessary compliance costs on manufacturers,” Coleman said. “In some cases, the rules would force companies to share highly sensitive business information with foreign tax authorities without any confidentiality protections. At a minimum, U.S. policymakers should do all they can to minimize the compliance burden of information disclosure and ensure that U.S. companies are not required to disclose sensitive, proprietary business information.”

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