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

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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.

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