The Organization for Economic Cooperation and Development announced that its new tax policy director would be Manal Corwin, a former top Treasury official.
The Pillar One agreement would affect big multinational corporations from a broader array of industries, and essentially seeks to better align where a company pays taxes with where its customers and business are located.
The colleges’ actions, Smith wrote, “raise several questions, including whether your institutions are fulfilling their educational purposes as required to receive 501(c)(3) tax-exempt status.”
Over the weekend, Ways and Means Chair Jason Smith said that IRS Commissioner Danny Werfel sent a memo to employees on Friday informing them of their legal right to make protected disclosures to Congress.