🇺🇸OECD Global Tax Deal
The Organization for Economic Co-Operation and Development (OECD) Global Tax Deal (Global Tax Deal)
Summary
The memorandum addresses the OECD Global Tax Deal, clarifying that prior commitments have no effect within the United States unless Congress acts. It outlines measures to protect U.S. businesses from extraterritorial tax measures, affirming a commitment to national economic sovereignty. The document emphasizes the need for future compliance assessments against discriminatory foreign tax practices.
Agencies
- Executive Office of the President
Business Impact
$$ - Med
The memorandum indicates a shift regarding the OECD Global Tax Deal that affects American businesses. It suggests that prior commitments may limit U.S. tax autonomy, thus potentially altering international tax obligations and competitive positioning for U.S. companies. Sections 1 and 2 specifically address protection against discriminatory tax measures, hinting at possible future actions or regulations affecting trade.