The minimum tax on multinationals loses strength and puts the EU at a disadvantage
The OECD's revision of the initial proposal, which exempts U.S. companies from the tax, hampers the global initiative for a minimum tax on multinationals.
Tax Evasion: OECD Countries Agree on Global Minimum Tax - Without the USA
Representatives from 147 countries have reached a preliminary agreement on a global minimum tax to reduce incentives for multinationals to shift profits to low-tax havens; however, this agreement allows the USA to take a different approach, raising concerns about the competitiveness of European corporations.
Fight against tax evasion: exception for the USA in global minimum tax agreed
Amid pressure from the Trump administration, approximately 145 countries have agreed to amend the global minimum tax agreement of 2021, allowing exceptions for the United States.
Washington obtains an exemption from global minimum tax for American multinationals
Washington has successfully secured an exemption for American multinationals from the 15% global minimum tax, which was hailed as a historic victory that preserves American sovereignty by the U.S. Treasury Department.
The OECD approves a global minimum tax for multinationals, except for Americans
The OECD has approved a global minimum tax for multinationals, excluding American companies, amidst past renegotiations with the US government under Donald Trump's administration.
Countries agreed to update the global minimum tax agreement addressing US concerns
More than 145 countries have agreed to modifications to a global minimum corporate income tax agreement from 2021 in response to U.S. concerns that original rules could disadvantage American multinational companies, as announced by the OECD.
The OECD approves a global minimum tax for multinationals of 15% with an exception for U.S. companies
The OECD has announced that 147 countries have agreed on the key elements for the implementation of a coordinated 15% global minimum tax, with a parallel regime to address U.S. concerns.
The OECD announces a global agreement for the implementation of a minimum tax on multinationals that excludes the US
The OECD has announced a global agreement for a minimum tax on multinationals, which has been endorsed by over 145 countries, but includes a specific exemption mechanism for US companies due to potential non-participation by Washington.