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Trump 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.

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zdf.de

Global minimum tax: What a US exit would mean

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.

2 months ago

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Deutsche Welle

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

2 months ago·Bonn, Germany

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Daily Express

Donald Trump declares war on EU with threat of double taxes

Mr Trump has also withdrawn the US from the Global Tax Deal - an agreement on a global minimum corporation tax.

2 months ago·United Kingdom

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Il Sole 24 Ore

Taxes and cryptocurrencies, why the EU fears Trump's double attack on the rules

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

2 months ago·Milan, Italy

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thedailyupside.com

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, …

2 months ago

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