Promote America’s Competitive Edge (PACE)
Coalition is making waves by advocating that the US maintain a
level playing field for taxation of international
The PACE Coalition is made up of a number of different
taxpayer organisations: the Business Roundtable; the National
Association of Manufacturers; the National Foreign Trade
Council; the Technology CEO Council and the US Chamber of
"The coalition’s real impact is in education,"
says Matt Miller (pictured), vice president, Business
Roundtable. "International tax rules are extremely complex and
easily misunderstood. In our communications with Capitol Hill
and the administration we have been able to ensure a greater
understanding of the significance of these rules."
PACE’s key policy issues include the need to
move to a territorial system, where income is taxed where it is
earned, not where the taxpayer is resident.
"We’re dealing with a century-old system.
It’s completely outdated." Miller believes
politicians will have more interest in tax reform after the
presidential election. "We are optimistic that when we get
beyond the campaigning and back to policy making, we will get a
competitive territorial system," he says. "We have to get the
economy growing and tax reform is a big part of that."
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