US EditionTrump 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.
35 Articles
35 Articles
Doubled taxes for citizens and businesses: here's what Italy (and the EU) risks after Trump's memorandum against the OECD agreement
The exit of the US from the OECD agreement on the global taxation of multinationals could result in a doubling of taxes for European citizens and companies. Probably starting with those of Italy, Austria, France and Spain. This is what emerges from a careful reading of the memorandum signed by Donald Trump immediately after taking office to sanction the “nullity” in the United States of the compromise agreement signed in 2021 with the aim of sto…
Discard minimum tax on transnationals
Washington. The European Union (EU) on Tuesday lamented the decision of US President Donald Trump to withdraw his country from the international agreement that seeks a minimum 15 percent tax on multinational profits, reached in 2021, after long negotiations.
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