Trump dumps OECD global tax agreement

by

Ed.

From www.themandarin.com.au: President Donald Trump signed an executive order rescinding the U.S. commitment to the OECD global tax agreement, allowing the U.S. to set tax rates independently and asserting American sovereignty over its tax regime.

This move places the United States at odds with countries like Australia, which supports a global minimum corporate tax rate of 15%.

Trump’s administration has also initiated several other executive actions, including halting federal hiring and rolling back protections for diversity and transgender rights.

Filed under: Foreign Investment

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