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Business Coalition Opposes Tax Increases on Multinationals

MAR. 24, 2009

Business Coalition Opposes Tax Increases on Multinationals

DATED MAR. 24, 2009
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Abbott
    Adobe Systems
    Agilent Technologies, Inc.
    Air Products and Chemicals, Inc.
    Alcoa
    Allergan, Inc.
    Altera Corporation
    Alticor Inc.
    Aluminum Association
    American Apparel & Footwear Association
    American Axle & Manufacturing
    American Chemistry Council
    American Express Company
    Amphenol Corporation
    Apache Corporation
    Applied Materials, Inc.
    Arizona Manufacturers Council
    Atheros Communications, Inc.
    Avery Dennison
    Ball Corporation
    Baxter Healthcare Corporation
    Bayer Corporation
    Biotechnology Industry Organization (BIO)
    BMC Software
    Book Manufacturers' Institute, Inc.
    Boston Scientific Corporation
    Bristol-Myers Squibb
    Buckeye Technologies, Inc.
    Business Roundtable
    Business Software Alliance
    CA, Inc.
    CAP Worldwide
    Cargill
    Case New Holland Inc.
    Caterpillar Inc.
    Celgene Corporation
    CIGNA Corporation
    Cisco Systems
    CNL Financial Group, Inc.
    Colorado Business Roundtable
    ConAgra Foods, Inc.
    Con-way Inc.
    Cooper Tire & Rubber Company
    ConocoPhillips Company
    Cree Inc.
    Deere & Company
    Dell Inc.
    Diebold Incorporated
    Dow Corning Corporation
    Duke Energy Corporation
  • Subject Area/Tax Topics
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2009-6545
  • Tax Analysts Electronic Citation
    2009 TNT 55-27

 

March 24, 2009

 

 

The Honorable Harry Reid

 

Senate Majority Leader

 

United States Senate

 

Capitol Building S-221

 

Washington, DC 20510-7020

 

Fax: (202) 224-7362

 

 

The Honorable Nancy Pelosi

 

Speaker of the House

 

United States House of Representatives

 

Capitol Building H-232

 

Washington, DC 20515-6501

 

Fax: (202) 225-4188

 

 

The Honorable Mitch McConnell

 

Senate Minority Leader

 

United States Senate

 

Capitol Building S-230

 

Washington, DC 20510-7010

 

Fax: (202) 224-2574

 

 

The Honorable John A. Boehner

 

House Minority Leader

 

United States House of Representatives

 

Capitol Building H-204

 

Washington, DC 20515-6537

 

Fax: (202) 225-5117

 

 

Dear Congressional Leadership:

The 200 undersigned companies and trade associations write today to express our strong opposition to provisions in the Administration's budget to increase taxes on U.S. companies that are competing for business in international markets. Together, we provide millions of high-paying American jobs that depend on our ability to compete in the global economy.

Ninety-five percent of the world's consumers live outside of the United States. American companies seeking to serve these consumers rely on growth in these markets to restart economic growth and create jobs for Americans. In fact, 22 million Americans work for U.S. multinationals while millions of other Americans are employed by the thousands of small and medium-sized companies that supply and service U.S. multinationals.

American companies require only a level playing field in international tax policy. Unfortunately, the Administration's proposal to repeal "deferral" would impose a unilateral tax on the foreign earnings of American companies, upsetting the competitive balance between U.S. and foreign companies. This will result in a loss of jobs for Americans and serious negative impacts on the U.S. economy.

We strongly urge Congress to reject this budget proposal that would impair the global competitiveness of U.S. companies and harm American workers and the U.S. economy.

Sincerely,

 

 

Abbott

 

 

Adobe Systems

 

 

Agilent Technologies, Inc.

 

 

Air Products and Chemicals, Inc.

 

 

Alcoa

 

 

Allergan, Inc.

 

 

Altera Corporation

 

 

Alticor Inc.

 

 

Aluminum Association

 

 

American Apparel & Footwear

 

Association

 

 

American Axle & Manufacturing

 

 

American Chemistry Council

 

 

American Express Company

 

 

Amphenol Corporation

 

 

Apache Corporation

 

 

Applied Materials, Inc.

 

 

Arizona Manufacturers Council

 

 

Atheros Communications, Inc.

 

 

Avery Dennison

 

 

Ball Corporation

 

 

Baxter Healthcare Corporation

 

 

Bayer Corporation

 

 

Biotechnology Industry

 

Organization (BIO)

 

 

BMC Software

 

 

Book Manufacturers' Institute,

 

Inc.

 

 

Boston Scientific Corporation

 

 

Bristol-Myers Squibb

 

 

Buckeye Technologies, Inc.

 

 

Business Roundtable

 

 

Business Software Alliance

 

 

CA, Inc.

 

 

CAP Worldwide

 

 

Cargill

 

 

Case New Holland Inc.

 

 

Caterpillar Inc.

 

 

Celgene Corporation

 

 

CIGNA Corporation

 

 

Cisco Systems

 

 

CNL Financial Group, Inc.

 

 

Colorado Business Roundtable

 

 

ConAgra Foods, Inc.

 

 

Con-way Inc.

 

 

Cooper Tire & Rubber Company

 

 

ConocoPhillips Company

 

 

Cree Inc.

 

 

Deere & Company

 

 

Dell Inc.

 

 

Diebold Incorporated

 

 

Dow Corning Corporation

 

 

Duke Energy Corporation

 

 

DuPont

 

 

Eastman Chemical Company

 

 

Eaton Corporation

 

 

eBay Inc.

 

 

ECOLAB

 

 

Edwards Lifesciences Corporation

 

 

Eli Lilly and Company

 

 

Eliokem, Inc.

 

 

EMC Corporation

 

 

Emergency Committee for American

 

Trade (ECAT)

 

 

Emerson

 

 

Financial Executives

 

International's Committee on

 

Taxation

 

 

Flowserve Corporation

 

 

Fluor

 

 

FMC Corporation

 

 

FMC Technologies Inc.

 

 

Fortune Brands, Inc.

 

 

Gates Corporation

 

 

General Electric

 

 

General Mills

 

 

Goodrich Corporation

 

 

Graco Inc.

 

 

Grocery Manufacturers Association

 

 

Guardian Industries Corp.

 

 

Harsco Corporation

 

 

Hewlett-Packard Company

 

 

Honeywell

 

 

Hospira, Inc.

 

 

Hutchinson Technology Inc.

 

 

i2 Technologies, Inc.

 

 

IDEX Corporation

 

 

Illinois Technology Association

 

(ITA)

 

 

ImClone Systems Corporation

 

 

INDA -- Association of the

 

Nonwoven Fabrics Industry

 

 

Indiana Manufacturers Association

 

 

Informatica Corporation

 

 

Information Technology Industry

 

Council

 

 

Intel Corporation

 

 

International Business Machines

 

Corporation

 

 

International Paper Co.

 

 

Intersil Corporation

 

 

ITT

 

 

Johnson & Johnson

 

 

Johnson Outdoors, Inc

 

 

Kimberly-Clark Corporation

 

 

Kodak

 

 

Kohler Co.

 

 

Kraft Foods

 

 

Lexmark International, Inc.

 

 

Lincoln Electric Holdings Inc.

 

 

Lord Corporation

 

 

Louisiana Technology Council

 

 

LSI Corporation

 

 

Macrovision Solutions Corporation

 

 

Mars, Incorporated

 

 

MASCO Corporation

 

 

McCormick and Company, Inc.

 

 

McDermott International, Inc.

 

 

McDonald's Corporation

 

 

McKesson Corporation

 

 

Mead Johnson Nutrition Company

 

 

MeadWestvaco Corporation

 

 

Medical Device Manufacturers

 

Association

 

 

Merck & Co., Inc.

 

 

Metal Powder Industries Federation

 

 

Microsoft Corporation

 

 

Millipore Corporation

 

 

Mississippi Manufacturers

 

Association

 

 

Motorola, Inc.

 

 

NACCO Industries, Inc.

 

 

NASDAQ OMX

 

 

National Association of

 

Manufacturers

 

 

National Foreign Trade Council

 

 

National Gypsum Company

 

 

National Mining Association

 

 

Navistar International Corporation

 

 

New York Life Insurance Company

 

 

Northrop Grumman Corporation

 

 

Oracle Corporation

 

 

Owens-Illinois, Inc.

 

 

Partnership for New York City

 

 

Peabody Energy

 

 

Pentair, Inc.

 

 

PepsiAmericas, Inc.

 

 

Pepsi Co, Inc.

 

 

Pfizer Inc.

 

 

Philip Morris International Inc.

 

 

Plexus

 

 

PPG Industries

 

 

Praxair, Inc.

 

 

Procter & Gamble

 

 

Prudential

 

 

Quest Software, Inc.

 

 

Rockwell Automation

 

 

Rockwell Collins

 

 

Ruan Transportation Management

 

Systems, Inc.

 

 

S.C. Johnson & Son, Inc.

 

 

Sabre Holdings Corporation

 

 

Sara Lee Corporation

 

 

SAS

 

 

Schering-Plough Corporation

 

 

Schneider Electric North America

 

 

Schwan Food Co.

 

 

Semi Conductor Industry

 

Association

 

 

Sensient Technologies Corporation

 

 

Sigma-Aldrich Corporation

 

 

Silicon Valley Leadership Group

 

 

Software Finance and Tax

 

Executives Council

 

 

SpiritAero

 

 

Square D Company

 

 

St. Jude Medical

 

 

Symantec Corporation

 

 

TechAmerica, formed by the merger

 

of the Information Technology

 

Association of America (ITAA) and

 

AeA

 

 

TechNet

 

 

Technitrol, Inc.

 

 

Technology CEO Council

 

 

Terex Corporation

 

 

Texas Instruments

 

 

Textile Care and Allied Trades

 

Association

 

 

Textron Inc.

 

 

The Adhesive and Sealant Council,

 

Inc.

 

 

The Association for Manufacturing

 

Technology

 

 

The Brink's Company

 

 

The Carpet and Rug Institute

 

 

The Coca-Cola Company

 

 

The Dow Chemical Company

 

 

The Manitowoc Company, Inc.

 

 

The Marmon Group LLC

 

 

The McGraw-Hill Companies

 

 

The Pepsi Bottling Group

 

 

The Soap and Detergent Association

 

 

The Stanley Works

 

 

The Tax Council

 

 

The Timken Company

 

 

The West Virginia Roundtable, Inc.

 

 

Tomkins Corporation

 

 

Travel Goods Association

 

 

Tupperware Brands Corporation

 

 

U.S. Chamber of Commerce

 

 

United States Council for

 

International Business

 

 

United States Steel Corporation

 

 

United Technologies Corporation

 

 

Utah Manufacturers Association

 

 

Utah Technology Council

 

 

VF Corporation

 

 

WESCO Distribution Inc.

 

 

Whirlpool Corporation

 

 

Wyeth

 

 

Xerox Corporation

 

 

YUM! Brands

 

 

Zimmer, Inc.

 

c:

 

United States House of Representatives

 

United States Senate
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Abbott
    Adobe Systems
    Agilent Technologies, Inc.
    Air Products and Chemicals, Inc.
    Alcoa
    Allergan, Inc.
    Altera Corporation
    Alticor Inc.
    Aluminum Association
    American Apparel & Footwear Association
    American Axle & Manufacturing
    American Chemistry Council
    American Express Company
    Amphenol Corporation
    Apache Corporation
    Applied Materials, Inc.
    Arizona Manufacturers Council
    Atheros Communications, Inc.
    Avery Dennison
    Ball Corporation
    Baxter Healthcare Corporation
    Bayer Corporation
    Biotechnology Industry Organization (BIO)
    BMC Software
    Book Manufacturers' Institute, Inc.
    Boston Scientific Corporation
    Bristol-Myers Squibb
    Buckeye Technologies, Inc.
    Business Roundtable
    Business Software Alliance
    CA, Inc.
    CAP Worldwide
    Cargill
    Case New Holland Inc.
    Caterpillar Inc.
    Celgene Corporation
    CIGNA Corporation
    Cisco Systems
    CNL Financial Group, Inc.
    Colorado Business Roundtable
    ConAgra Foods, Inc.
    Con-way Inc.
    Cooper Tire & Rubber Company
    ConocoPhillips Company
    Cree Inc.
    Deere & Company
    Dell Inc.
    Diebold Incorporated
    Dow Corning Corporation
    Duke Energy Corporation
  • Subject Area/Tax Topics
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2009-6545
  • Tax Analysts Electronic Citation
    2009 TNT 55-27
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