Politics

Trump declares global tax rate ‘has no force or effect’ in the US

Currently, the US has an approximately 10% global minimum tax as part of Trump’s 2017 tax cut package approved by republicans

President Donald Trump declared on Monday (20 January) that the global corporate minimum tax deal “has no force or effect” in the US, effectively withdrawing America from the 2021 agreement negotiated by the Biden administration with nearly 140 countries.

Show More
Back to top button