From www.accountingtoday.com: (US context) House Republicans have introduced the Defending American Jobs and Investment Act to end U.S. participation in the OECD’s global tax framework, spurred by an executive order from President Trump.

The bill would impose additional taxes on U.S. income from foreign countries that enact discriminatory tax measures against U.S. businesses.

Chairman Jason Smith claims the legislation is necessary to protect American workers from foreign economic threats and preserve an estimated $120 billion in tax revenues.