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 minimum taxation of multinationals came to a halt after the announcement of the withdrawal of the United States. Donald Trump is now adding the risk of a fiscal war to the trade war. Switzerland, which has implemented the agreement, is in expectationAmong the dozens of decisions taken on the first day of his mandate, Donald Trump on Monday denounced the tax agreement signed under the aegis of the Organization for Economic Cooperation and Dev…
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
El Periódico
The first few hours of Donald Trump’s second term have not disappointed his followers and have frightened the rest. The president has ordered that the United States be removed from the World Health Organization, that the participation of the first power of the Paris Climate Change Accords be ended, and that the agreement within the OECD that requires a minimum 15% tax on multinational companies be ignored. Continue reading....
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