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US issues Executive Order on BEPS 2.0

23 January 2025

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Tax Alerts, Information Reporting, Information Reporting, Legislation & Policy, Global, BEPS 2.0

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United States

One Executive Order that US President Trump issued on 20 January states that the OECD Global Tax Deal has no force and effect in the US and directs the US Treasury Secretary to develop options for response, with a report to be delivered to the President in 60 days.Companies should monitor developments in this area, including the Treasury Secretary’s forthcoming report, in evaluating the implications for the global tax environment.  Executive summaryFollowing his inauguration on 20 January 2025, United States (US) President Trump issued numerous Executive Orders on a variety of policy issues, including one on the Organisation for Economic...