U.S. corporations won’t face a global minimum tax proposed by the European Union, according to an announcement Monday in Paris by an international economic policy group.
The United States under President Donald Trump demanded the EU carve out American companies from the international tax regulations and allow the U.S. tax system to work alongside the global minimum tax framework without interference.
Treasury Secretary Scott Bessent lauded Monday’s decision by the Organization for Economic Cooperation and Development (OECD).
“This agreement represents a historic victory in preserving U.S. sovereignty and protecting American workers and businesses from extraterritorial overreach,” he said….
US Wins Exemption From Global Minimum Corporate Tax
