AmCham Raises Tax & Competitiveness Issues with High-level U.S. Officials
Attn: News / Business Editors
AmCham Raises Tax & Competitiveness Issues
with High-level U.S. Officials
A delegation of seven senior AmCham executives has just completed a five-day schedule of 30 meetings with senior U.S. government officials, Members of Congress, Capitol Hill committee staffers, business organizations, and think tanks in Washington D.C. during the Chamber’s 2009 Doorknock advocacy trip.
The group met with Demetrios Marantis, the Deputy U.S. Trade Representative; Kurt Campbell, Assistant Secretary of State-designate for Asia & Pacific; Bud Philbrook, Deputy Under Secretary for Farm & Foreign Agriculture Services; and Michelle O'Neillm Acting Under Secretary of the International Trade Administration, Department of Commerce. The delegation had discussions as well with other Commerce, State, Agriculture, and Trade officials.
"I was impressed with the willingness of senior officials to take time to meet with us for in-depth conversations on our issues," says AmCham Chairman David Cunningham, the delegation's leader. "I believe we have helped keep Hong Kong on the map in Washington, and certainly we have given increased visibility to our member's business and economic concerns."
AmCham's priority issues in Washington focused on competitiveness and tax issues -- including concerns that the double taxation of Americans overseas was proving detrimental for U.S. competitiveness abroad, and worries that Hong Kong might be designated a "tax haven" by the U.S. Congress, an action that would have severe investment and related business repercussions.
Tax, competitiveness, and overall trade issues were raised in nearly every meeting, including those with senior staff in the Senate Finance Committee, the House Ways and Means Committee, the Senate and House Foreign Relations Committees, at the Congressional Research Service, and during Roundtables with scholars at the Brookings and Heritage Foundations.
On Capitol Hill, delegation members participated in a U.S.-China Business Council session with Congressmen Rick Larsen and Mark Kirk, who serve as co-chairs of the U.S.-China Working Group in the House of Representatives. They had just returned from an intensive China trip that included an AmCham Hong Kong business briefing.
The delegation, led by AmCham Chairman David Cunningham (FedEx Express), included Vice Chairman Michael Brown (JP Morgan Chase), Mark Michelson (APCO Worldwide), Hugh Stephens (Time Warner), Alan Turley (FedEx Express), Frank Lavin (Edelman Asia Pacific) and AmCham President Richard Vuylsteke.
The annual Doorknock is an essential part of AmCham’s continuing mission to advocate and seek action on important issues facing its members. The topics highlighted in Washington (see below) are part of continuing meetings held year-round in Hong Kong with local and visiting government officials.
vArguing against the ‘Stop Tax Haven Abuse Act’, which lists Hong Kong as an offshore tax haven;
vReducing the double-taxation burden on Americans living aboard (the Section 911 issue);
vUrging increased funding for the US Commercial and Agricultural Services in order to promote more US exports, which in turn creates jobs.
vAddressing the complications and implications of the new US consumer product safety reforms on businesses based in Hong Kong.
"Advocacy on behalf of our members is the backbone of our many activities and programs during the year," says AmCham President Richard Vuylsteke. "The annual Doorknock is a signature event that alerts our government interlocutors in Hong Kong and the United States about some of our most pressing issues."
代表團由美國商會主席David Cunningham(FedEx Express)帶領,成員包括副主席Michael Brown(JP Morgan Chase), Mark Michelson(APCO Worldwide), Hugh Stephens(Time Warner), Alan Turley(FedEx Express), Frank Lavin(Edelman Asia Pacific)和美國商會會長Richard Vuylsteke.