President Donald Trump on Monday signed an executive action declaring that the global minimum corporate tax deal supported by the Biden administration and negotiated with more than 100 other countries has "no force or effect" within the U.

Former Treasury Secretary Janet Yellen was a driving force behind talks led by the OECD that resulted in more than 130 countries agreeing to implement global tax rules in 2021.

Because of the Global Tax Deal and other discriminatory foreign tax practices, American companies may face retaliatory international tax regimes if the United States does not c

US President Donald Trump withdraws the United States from the OECD's global minimum tax deal, prompting regret from EU officials. The move may threaten international tax cooperation and lead to potential retaliatory measures from US allies like Canada,

Trump's withdrawal from the OECD's global tax deal won't affect India's tax collection, but experts warn of setbacks in reaching an international consensus on global minimum tax.

Experts say Trumps exit from the OECD global tax deal wont affect Indias tax collection but hampers international tax consensus.

The Trump administration's decision to withdraw from the OECD's global tax deal will impact international consensus on a global minimum tax, but India remains unaffected. Experts note that the US exit will disrupt countries already adopting the Global anti-Base Erosion Model rules.

President Donald Trump on Monday signed an executive action declaring that the global minimum corporate tax deal supported by the Biden administration and negotiated with more than 100 other countries has "no force or effect" within the U.