Neil Bradley, chief policy officer for the U.S. Chamber of Commerce, said the group has grown increasingly concerned that a fledgling global tax deal may "fundamentally disadvantage U.S. companies."

Bradley's remarks, in an interview Tuesday at Bloomberg News in Washington, cast doubt on Treasury Secretary Janet Yellen's view that U.S. corporate leaders would eventually support the historic deal and urge Congress to pass the legislation necessary to implement it.

There is interest among American companies in the tax agreement's broad goals—especially with regard to the elimination of so-called digital services taxes that many believe unfairly target U.S. firms, Bradley said. But, he added, as Chamber officials dig into the details of the yet-unfinished accord, they're finding more red flags.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.