US Exempted from Global Tax Deal
Update: 2026-01-05
Description
The OECDs new international tax deal, backed by nearly 150 countries, aims to prevent multinational corporations from evading taxes in low-tax jurisdictions. However, it exempts large U.S. multinationals from a global minimum tax. The deal, a revised version of a 2021 agreement, was negotiated by the Trump administration and G7 nations, watering down the original rules. While hailed as a win for U.S. sovereignty, its criticized for allowing American companies to continue tax dodging in havens, and praised by Republicans for being an America First move. Checkout Solipillow.com
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