In one of his first official acts, President Trump issued a memorandum effectively withdrawing the United States from the global corporate minimum tax deal negotiated through the Organization for Economic Cooperation and Development (OECD). The 15 percent minimum tax, agreed upon in 2021, had not been implemented in U.S. law.
February 4th UN member states launched separate negotiations on a global tax accord seeking to tackle in particular evasion by wealthy individuals and businesses, but the United States promptly quit the talks.
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