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US and OECD Global Tax Deal
January 29 , 2025
26 days
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- Donald Trump issued an executive order which effectively pulled the US out of the OECD Global Tax Deal
- The Global Tax Deal was designed to ensure that multinational corporations paid a fair share of taxes in the countries where they operate.
- The European Union, Britain and other countries have adopted the 15% global corporate minimum tax
- The U.S. has a roughly 10% global minimum tax, part of Trump's landmark 2017 tax cut package.
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