President Donald Trump declared that the global tax deal “has no force or effect” in the U.S. in one of a pair of new tax and trade-related directives.

President Donald Trump on Monday declared that a global corporate minimum tax deal "has no force or effect" in the U.S., effectively pulling America out of the landmark 2021 arrangement negotiated by the Biden administration with nearly 140 countries.

On January 20, 2025, the White House issued a memorandum (the “Memorandum”), announcing that the “Organization for Economic Co-operation

Because of the Global Tax Deal and other discriminatory foreign tax practices, American companies may face retaliatory international tax regimes if the United States does not c

President Trump signed a series of executive orders after his inauguration, including a hiring freeze for federal government workers, particularly at the IRS.

The new president signed an executive order to allow the US to set tax rates unencumbered by global agreements.

President Donald Trump on Monday signed an executive action declaring that the global minimum corporate tax deal supported by the Biden administration and negotiated with more than 100 other countries has "no force or effect" within the U.

Among the first Presidential actions was an executive order on Monday night effectively pulling the US out of the landmark 2021 OECD Global Tax Deal negotiated by the Biden administration with nearly 140 countries including India.

But now that Donald Trump has pulled out of this deal there is new uncertainty, and he is indicating that he wants to rewrite parts of the international tax rule book. As we rely on the US for the vast bulk of our foreign direct investment this is a big issue for Ireland.

President Donald Trump promised global elites lower taxes if they bring manufacturing to the U.S. and threatened to impose tariffs if they don’t.