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Trump Administration Withdraws U.S. Commitment to OECD Global Tax Deal

22 January 2025

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Approved Changes

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United States

The Trump Administration has issued memorandum instructing the Secretary of the Treasury and the Permanent Representative of the United States to the OECD to essentially withdraw the commitment of the United States to the "OECD Global Tax Deal", i.e., the two-pillar solution. The memorandum also calls for a list of options for protective measures or other actions the United States could take against countries with tax rules that are extraterritorial or disproportionately affect American companies. --- The Organization for Economic Co-operation and Development (OECD) Global Tax Deal (Global Tax Deal) MEMORANDUM FOR THE SECRETARY OF THE TREASURY THE UNITED STATES...