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Trump pulls out of global corporate tax agreement

  • The European Union's economy commissioner, Valdis Dombrovskis, expressed regret over the US decision to withdraw from the global tax deal.
  • The executive order states that the US Treasury will investigate foreign tax rules affecting American companies.
  • Ireland agreed to change its corporate tax rate to align with the new minimum global rate of 15 percent as part of the OECD tax deal.
  • The EU aims to maintain a stable economic partnership with the US despite uncertainties following the withdrawal.
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The End of the Global Tax Affair

·Chicago, United States
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The White House broke the news in Washington, United States on Tuesday, January 21, 2025.
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