US EditionESCA Applauds Trump Administration for Securing Global Tax Agreement Protecting Employee-Owned Businesses
The updated deal exempts U.S. multinationals from key OECD rules while maintaining U.S. minimum taxes; it covers over 145 countries and protects employee-owned businesses.
- On Monday, the Organisation for Economic Cooperation and Development announced an updated global minimum tax deal allowing the U.S. tax system to operate side-by-side with Pillar 2, exempting U.S. MNEs from certain foreign minimum-tax components and the new 15-percent global tax.
- Domestic pressure from U.S. officials and lawmakers prompted the deal, which represents wins for the Trump administration and U.S. corporate community, while supporters say it ends Section 899.
- Under the side-by-side agreement, U.S. MNEs would not be subject to the Income Inclusion Rule or Undertaxed Profits Rule, but foreign Qualified Domestic Minimum Top-up Taxes still apply.
- ESCA's Stephanie Silverman said `From the beginning, US Treasury officials acknowledged the uniquely American S ESOP structure that allows workers to save for retirement through ownership where they work` and noted S ESOP companies have distributed over $134 billion in retirement savings between 2002 and 2022.
- Policy-first: The deal leaves open longer-term reform debates such as using book income for tax purposes, which critics call flawed, while Congress could still pursue NCTI reform options with timing adjustments and substance-based carve-outs.
27 Articles
27 Articles
The Courier-Tribune
ESCA Applauds Trump Administration for Securing Global Tax Agreement Protecting Employee-Owned Businesses
WASHINGTON, Jan. 9, 2026 /PRNewswire/ -- This week, the OECD announced an agreement among more than 145 countries on a "side-by-side" arrangement that exempts all U.S. companies from the new 15-percent tax on the global income of multinational corporations. We…
OECD Announces Details of the “Side-by-Side” Global Minimum Tax Agreement
On Monday, the Organisation for Economic Cooperation and Development (OECD) announced an updated global minimum tax deal. This agreement allows the U.S. tax system to operate “side-by-side” with the OECD’s Pillar 2 global minimum tax, effectively “turning off” certain components of foreign countries’ minimum taxes for U.S. multinational corporations (MNEs). The deal represents several wins for the Trump administration and the U.S. corporate comm…
OECD | International Community Agrees Way Forward on Global Minimum Tax Package | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources
The 147 countries and jurisdictions working together within the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) have agreed on key elements of a package that charts a course forward for the co-ordinated operation of global minimum tax arrangements in the context of a digitalised and globalised economy. Following months of intense negotiations, the comprehensive package for a “side by side” arrangement announced today repr…
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