US: Senators Wyden, Brown, Warner release International Tax Framework

United States (US) Senate Finance Committee Chairman Ron Wyden and Senators Sherrod Brown and Mark Warner on 5 April released “Overhauling International Taxation: A framework to invest in the American people by ensuring multinational corporations pay their fair share,” which focuses on changes to the 2017 Tax Cuts and Job’s Act (TCJA) international provisions on global intangible low-taxed income (GILTI), foreign-derived intangible income (FDII), and the base erosion and anti-abuse tax (BEAT).

Th…