Taxes
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America has the most innovative, dynamic, and resilient economy in history—our tax system should strengthen our economy, not undermine it. The U.S. Chamber promotes a tax system that allows taxpayers and business owners to make smart decisions about how they work, save, and invest. Low tax rates and a stable tax code allow businesses to grow the economy, create jobs for Americans, and invest for the future while supporting communities and society at large through tax revenues.
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Maintaining and improving pro-growth tax policy next year, when the largest automatic tax increase in history is set to occur, will ensure the U.S. is globally competitive, retaining and attracting businesses, jobs, investment, and innovation here at home.
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The U.S. Chamber works with our partners in government and fights for tax policies that will help American businesses succeed at home, compete abroad, and attract global businesses to our shores.
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Latest Content
This Hill letter was sent to the United States Senate supporting S. 1790, the "National Defense Authorization Act of 2020."
Federal Finance Minister Bill Morneau said this week that the Liberal minority government plans to implement a unilateral digital services tax (DST). This would be a mistake with broad ramifications for Canada. The digitalization of the world economy is proceeding at a remarkable clip, and it presents undeniable public-policy challenges, including in taxation. The flow of data across borders has risen 150-fold since 2005, and digital commerce has in turn become a powerful driver of growth.
Click here to access op-ed.
This Hill letter was sent to the U.S. House of Representatives, supporting S. 1790, the "National Defense Authorization Act of 2020."
WASHINGTON, D.C. – Marjorie Chorlins, U.S. Chamber’s Senior Vice President for European Affairs issued the following statement regarding the United States Trade Representative’s (USTR) announcement considering imposition of tariffs on French goods in retaliation for France’s unilateral Digital Services Tax (DST).
On December 2, the U.S. Chamber submitted these comments to the Organisation for Economic Co-operation and Development (OECD) in response to the public consultation document on Global Anti-Base Erosion Proposal (“GloBE”) under Pillar Two regarding taxation of the digital economy.
Promoting Competitiveness & Transatlantic Cooperation
This Coalition letter was sent to the U.S. Congress, on the Medical Device Tax, Health Insurance Tax, and Cadillac Tax.
A new bill in Congress takes direct aim at private equity firms. The WSJ provides a balanced assessment to inform the public.
On November 11, the U.S. Chamber submitted these comments to the IRS and Treasury on REG-125710-18, guidance regarding the items of income and deduction which are included in the calculation of built-in gains and losses under section 382 of the Internal Revenue Code, as published in the Federal Register on September 10, 2019.