TLDR News EU — Has Trump Killed the OECD's Global Minimum Tax?

La Jornada

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The U.S. Treasury Department has just reached an agreement with the other G-7 countries to ensure that the agreed minimum global taxes do not apply to U.S. companies. G-7 governments gave in to intense pressure from President Donald Trump and multinationals in Washington, London, Brussels and elsewhere. Similarly, India, and now, unfortunately, Canada, have given in to digital taxation.

Neue Zürcher Zeitung

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The Europeans are strong against the weak and weak against the strong. This is confirmed by the cuddling with the US at the "global" minimum tax.

Il Fatto Quotidiano

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Read the interview with Parrinello of the European Tax Observatory on the surrender of the G7 to Trump on the global minimum tax for US multinationals

gatewayhispanic.com

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The Group of Seven (G7) announced on Saturday a historic agreement that exempts U.S. multinationals from the global minimum tax of 15%, established in 2021 by the OECD. This pact, promoted by U.S. Treasury Secretary Scott Bessent, represents a victory for the Trump administration, which prioritizes fiscal sovereignty and economic competitiveness. The agreement removes clause 889 of the “One, Big, Beautiful” bill, which allowed reprisals against …

NODAL

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The nations of the group of the world's seven largest economies agreed to exempt US multinational companies from the global minimum tax The entry G-7 exempts from the US global transnational minimum tax appears first in NODAL.