Chairman’s news from the Senate Finance Committee.

Washington, D.C.— Senate Finance Committee Chairman Ron Wyden, D-Ore., issued the following statement today on the new guidance from the OECD related to the global minimum tax agreement:

“There are concrete wins for American taxpayers and businesses in this announcement, particularly for companies involved in our clean energy sector that’s booming as a result of the Inflation Reduction Act. It’s a clear sign that the U.S. can shape this process in beneficial ways, and Republicans ought to give up their inflexible opposition to it or else American workers and businesses will lose out in the long run.”

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