GBA Statement on the Unfair Tax Prevention Act

Nancy McLernon, president and CEO of the Global Business Alliance, today issued the following statement in response to the introduction of the Unfair Tax Prevention Act: 

“As we have long said, congressional involvement is essential to the long-term viability of any global tax deal. Ironically, to address concerns over other countries moving forward with what they describe as a ‘surtax on American workers and businesses,’ some Ways and Means members have proposed exactly the same. The Unfair Tax Prevention Act is a misguided approach that targets international companies employing millions of American workers across the United States. These jobs pay an average of $85,000 in wages and benefits – well above the national average.  Simply put, this is a tax on American growth.”