US EditionTrump declares U.S. exempt from previously agreed global corporate tax pact
- U.S. President Donald Trump declared that a global corporate minimum tax deal "has no force or effect" in the U.S., effectively pulling America out of the arrangement negotiated by the Biden administration with nearly 140 countries.
- Trump's memo referred to such actions as "retaliatory" and stated that American companies may face retaliatory international tax regimes if the U.S. does not comply with foreign tax policy objectives.
- The memorandum clarifies that the global tax deal has no force or effect in the United States, aiming to recapture the nation's sovereignty and economic competitiveness.
- Trump's Treasury nominee Scott Bessent stated that following through with the global minimum tax deal would be a "grave mistake.
64 Articles
64 Articles
Trump has announced the withdrawal of the global minimum tax for large corporations. This probably does not bode well for Germany and international tax justice.
Does US exit spell the end for global tax reform deal? – INTELLI.NEWS
Claiming unfair treatment for American companies Donald Trump has left the OECD’s global tax deal negotiations by executive order. Without the deal, countries could opt for “digital service taxes” of their own. Source
The risk is to witness a new transfer of savings from Europe to America, attracted by low-taxed companies and alternative and poorly regulated financial instruments. With negative repercussions on the euro
Is Trump Pivoting From a Trade War to an International Tax Fight?
The Trump 2.0 era may have officially begun this week, but the much-hyped tariff-fueled trade war has not. At least, not yet. In a wide-ranging session with reporters late Monday, the newly inaugurated Donald Trump threatened to levy 25% tariffs on Canadian and Mexican goods starting as soon as February 1, while saying that tariffs on China — potentially as high as 100% — could be tied to the potential sale of TikTok to a US entity. By Tuesday, …
The American president is turning his back on the OECD and rejecting the tax on digital giants.
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