Global taxation of multinationals is on the decline

Published on January 22, 2025 at 8:19 p.m. / Modified on January 22, 2025 at 8:22 p.m.

3 mins. reading

Among the dozens of decisions taken on the first day of his mandate, Donald Trump denounced on Monday the tax agreement signed under the aegis of the Organization for Economic Cooperation and Development (OECD), arguing that it had “not no effect in the United States. The American president also threatens reprisals against the countries which implemented it.

In the document published by the new presidency, the Treasury Department is asked to prepare “protective measures” with regard to countries which impose, or plan to impose, taxation “extraterritorially or which disproportionately affects American companies. Scott Bessent, the new Treasury Secretary, has sixty days to finalize a report.

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