The United States has expressed its firm opposition to the goals of a proposed UN Framework Convention on International Tax Cooperation. In a statement delivered during the session for the Intergovernmental Negotiating Committee, the U.S. made it clear that it views these goals as inconsistent with its own priorities and an overreach.
"We do not plan to participate further in this organizational session, process, or negotiating United Nations Framework Convention on International Tax Cooperation text," stated the U.S. representative.
The U.S. delegation emphasized their rejection of the discussions' nature, arguing that the proposed convention could hinder nations' abilities to create tax policies tailored to their citizens, businesses, and workers.
"We reject the very nature of these discussions," they stated. "The process that has been adopted will lead to a Convention that would unacceptably hamper nations’ ability to enact tax policies that serve the interests of their citizens, businesses, and workers."
Additionally, the U.S. highlighted its dissatisfaction with how discussions have progressed so far. The delegation noted its consistent opposition through votes against what it perceives as a shift away from consensus in decision-making processes.
"Further, within these discussions, we underscore our profound objection to the process thus far," they added. "We have repeatedly voted 'no' to express our concerns with the direction and evolution of the decision-making process away from consensus and have been met only with inflexibility."