Sen. Hatch to convene hearing on OECD BEPS reports, EU State Aid investigations

Steptoe & Johnson LLP

Today, Senate Finance Committee Chairman Orrin Hatch (R-UT) announced that the Senate Finance Committee will hold a hearing on December 1, to examine the Organization for Economic Cooperation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) reports and the European Union’s (EU) State Aid investigations regarding member-countries’ tax rulings. Chairman Hatch stated in a press release that he “expect[s] a robust discussion at this hearing on what the OECD BEPS project means for U.S. taxpayers and our tax system moving forward, as well as how the EU State Aid investigations could potentially affect tax revenues paid to the U.S. Treasury.”