President Donald Trump declared that the global tax deal “has no force or effect” in the U.S. in one of a pair of new tax and trade-related directives.

In an executive order Monday, President Trump asked federal agencies to explore potential retaliatory measures for any taxes deemed discrimina

If so, the Trump administration is not threatening the tax collection of say, African countries. However the withdrawal of the US from the global minimum tax did threaten to collapse the entire OECD global tax system – which would greatly reduce African tax collected, and boost IFFs.

President Donald Trump on Monday declared that a global corporate minimum tax deal "has no force or effect" in the U.S., effectively pulling America out of the landmark 2021 arrangement negotiated by the Biden administration with nearly 140 countries.

On January 20, 2025, the White House issued a memorandum (the “Memorandum”), announcing that the “Organization for Economic Co-operation

US president pulls out of OECD global tax treaty, dismissing it as having ‘no force or effect,’ jeopardizing an initiative that could generate up to $32B in global tax revenue, particularly aiding low

Former Treasury Secretary Janet Yellen was a driving force behind talks led by the OECD that resulted in more than 130 countries agreeing to implement global tax rules in 2021.

President Donald Trump on Monday signed an executive action declaring that the global minimum corporate tax deal supported by the Biden administration and negotiated with more than 100 other countries has "no force or effect" within the U.