United States: EC state aid investigations show need for tax reform

United States: EC state aid investigations

U.S. Treasury Secretary Jacob Lew in an “op-ed” published in today’s edition of the Wall Street Journal addressed how the European Commission’s state aid investigations present a new opportunity for the U.S. Congress to act on business tax reform and infrastructure investment.

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As stated in a related Treasury release, Secretary Lew noted widespread agreement that the U.S. tax code needs to be fixed and how the president's framework [PDF 629 KB] for business tax reform, first released in 2012, would create an environment in which business conditions drive decision-making. The Treasury Secretary expressed hope that the high level of attention following the EC’s actions will help to lay the foundation for the new Congress to take action in the early days of a new administration.

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