Did Trump Just Kill Global Minimum Tax?

A few years ago, this idea of a global minimum tax of 15% for all big companies came to be. At the time it seemed like a good idea, to overcome some of the taxing mismatches when a company operates in multiple countries.

However, with the Trump's second presidency things changed. He signed an executive order saying that the Global minimum tax has no bearing or effect on the USA, and that the OECD has no power to implement their policies in America.

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[VERTICALWisdom]

Wonder if FATCA will disappear... life overseas would improve

[johng]

You are a bit late but yes Trump pulled off the USA from this TAX on day 1. I hope many countries follow suit.

[THENOMADICAIKING]

very interesting conversation. we have found out from traveling all year that countries that do not tax high are generally some of the best because it attracts people who come to invest and build an even better country. This is why we love Singapore, UAE, Monaco, etc,

[jeanniewatson]

Trump is bad! I didn’t vote for him and wish I could afford to live in Canada. I’m in Michigan now. I just found your channel by accident, I subscribed and liked can’t wait for the next video.

[justifiably_stupid]

The GCMT sounds like a mutual suicide pact

[superyoism]

gdpr is lol not a censorship regime is a set of consumer protection measures and calling big tech companies "local" when they barely do anything for the americans is insane

[jeanniewatson]

Trump is bad! I didn’t vote for him and wish I could afford to live in Canada. I’m in Michigan now.

[sallysmith]

Go Trump ! Cut those taxes and red tape !