Trump is under pressure from US tech billionaires to break the “global tax cartel” - The Slovak Spectator

Trump is under pressure from US tech billionaires to break the “global tax cartel” - The Slovak Spectator

Controversial withdrawal sparks debate on fair competition, sovereignty, and tax burdens in a post-GMT world.

ATR Applauds Trump Executive Order Withdrawing from Global Tax Cartel - Americans for Tax Reform

President Trump issued a day-one Executive Order clarifying that any commitments made by the Biden administration to the Organization for Economic Co-operation and Development (OECD) regarding a Global Tax Deal “have no force or effect within the United States absent an act by the Congress adopting the relevant provisions of the Global Tax Deal.” Americans for Tax Reform applauds President Trump’s decision to reverse course from the Biden admini…

The Global Tax Deal Memorandum is another wake-up call for Europe - Kluwer International Tax Blog

Within hours of his appointment, Donald Trump issued a memorandum in which he rejects the Global Tax Deal conceived by the OECD/G20. The new US president stresses that it has “no force or effect within the United States”  without an act by the Congress adopting the relevant provisions of the agreement. The memo is bluntly critical of the agreement, which was supported by the previous administration, arguing that it allows extraterritorial taxati…

President Donald Trump’s decision to withdraw the US from the OECD Global Tax Agreement for a minimum tax of 15% for multinationals makes Mexico tremble, as behind it is the goal of reducing the business rate in the American Union, which would reduce its competitiveness or attractiveness for investments. The OECD agreement seeks a minimum tax of 15%, and Trump wants to lower this rate from 21% to 15%, which means that the effective rate in the U…

Trump’s Economic Proposals: Tariffs, Tax Cuts, and Global Tax Withdrawal

Trump proposes big tariffs to bring manufacturing jobs back to the U.S.   U.S. withdraws from OECD global tax deal, citing power concerns.   Trump pushes for major tax cuts, focusing on tips, Social Security, and overtime pay. President Donald Trump has announced a series of proposals aimed at reshaping U.S. economic policy. His plan includes imposing higher tariffs on imported goods, withdrawing from an international corporate tax agreement, an…