EU Asks OECD To Check US Tax Law For Harmful Practices

Law360 (March 12, 2018, 7:37 PM EDT) -- The European Union has asked the Organization for Economic Cooperation and Development to investigate whether the recently enacted U.S. federal tax reform law violates international standards on harmful tax practices, an EU official confirmed on Monday.

A high-level EU working group on taxation made a request for the investigation to the OECD on Feb. 28, the official told Law360.

Countries regularly ask the OECD to review tax measures to check if the measures unfairly encourage profit shifting or erosion of the tax base. The OECD last October released an updated list of 164 preferential regimes it has reviewed since 2015. The OECD's...

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