Treasury's Rolfes: U.S. Pushing for Minimum CFC Standards in BEPS

For over 50 years, Bloomberg BNA’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

Oct. 2 — The U.S. will push for a minimum standard for tax rules governing controlled foreign corporations under the Organization for Economic Cooperation and Development's project to combat base erosion and profit shifting, a Treasury official said.
For the BEPS project “to have real impact, what the U.S. would be pushing for is that at least the OECD put forth a minimum standard of what a CFC regime should be,” said Danielle Rolfes, international tax counsel for Treasury.
Rolfes was speaking at an Oct. 2 panel discussion on BEPS at the Georgetown University Law Center, co-sponsored by the International Fiscal Association.