21 APR 2025 / ACCOUNTING & TAXES

US Stays in OECD Global Tax Talks Despite Trump's Rejection

Summary

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President Donald Trump issued an executive order on January 20, 2025, that effectively withdrew the US from the OECD’s global tax agreement, aiming to counteract foreign tax policies perceived to disadvantage American businesses. This reshapes the global tax landscape by complicating tax compliance for multinationals and potentially igniting trade disputes, as the agreement was designed to curb tax base erosion, profit shifting, and ensure multinational corporations pay tax based on customer location.

In what’s shaping up to be another headline-sparking twist in global tax policy, President Donald Trump kicked off his second term with a pen stroke that made waves from D.C. to Brussels. His executive order on January 20, 2025, effectively pulled the Uni...

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US Stays in OECD Global Tax Talks Despite Trump's Rejection

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