Congressman States that the TCJA will not be Amended, Despite EU Criticism

Rep. Peter Roskam, a Republican member of the House Ways and Means Committee, stated at a conference that, despite criticism from EU officials, Congress does not intend to amend the Tax Cuts and Jobs Act (TJCA). Some EU officials have been particularly critical of the foreign-derived intangible income provision, arguing that the provision essentially acts as an export subsidy which could violate the World Trade Organization’s trade policies. Roskam dismissed the criticism, stating that the TCJA is not a subsidy and that the law provides “fair and equitable treatment of tax policy.”

Read more: GOP Lawmaker Discusses EU’s Criticism of TCJA

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