Washington, D.C. – November 13, 2017 – The following statement is attributed to Jason Oxman, CEO, Electronic Transactions Association (ETA), the trade association of the global payments technology industry, regarding H.R. 1:
“The American tax system has not been updated in more than 30 years and the payments industry is ready for the House to kickstart commerce and proceed to checkout with H.R. 1.
The U.S. has one of the highest corporate tax rates and the most complex tax code in the world. Our members make commerce possible by processing more than $6 trillion in purchases in the U.S. This bill will stimulate the economy, grow jobs and make U.S. firms more competitive both here and abroad.”