More than 145 countries agree on update to global minimum tax deal, addressing US concerns

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More than 145 countries agree on update to global minimum tax deal, addressing US concerns​

PARIS, Jan 5 (Reuters) - More than 145 countries agreed on Monday to amend a 2021 global minimum corporate tax agreement, addressing Washington's concerns the rules could penalise U.S. multinational companies.

The Organization for Economic Cooperation and Development said the fresh package preserves the 15% global minimum tax framework designed to ensure large multinationals pay a baseline tax wherever they operate.

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https://www.msn.com/en-us/money/com...sing-us-concerns/ar-AA1TCARo?ocid=socialshare

 

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Treasury Secures Agreement to Exempt U.S.-Headquartered Companies from Biden Global Tax Plan​

January 5, 2026
WASHINGTON – U.S. Secretary of the Treasury Scott Bessent issued the following statement today on the non-applicability of OECD Pillar Two to U.S. Multinationals:

President Trump’s Day One Executive Orders made clear that the Biden Administration’s proposed OECD Pillar Two deal would have no force or effect for the United States.

Today, the Administration delivered on that promise. In close coordination with Congress, Treasury worked to reach agreement with the more than 145 countries in the OECD/G20 Inclusive Framework to have U.S.-headquartered companies remain subject to only U.S. global minimum taxes while exempting them from Pillar Two. This side-by-side agreement recognizes the tax sovereignty of the United States over the worldwide operations of U.S companies and the tax sovereignty of other countries over business activity within their own borders

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https://home.treasury.gov/news/press-releases/sb0350

 

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US-based multinational companies will be exempt from global tax deal

The Organization for Economic Cooperation and Development has finalized a deal exempting U.S. multinational corporations from paying more corporate taxes overseas.

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