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The Organization for Economic Co-Operation and Development (OECD) Global Tax Deal (Global Tax Deal)

On January 20, 2025, President Donald Trump issued a memorandum regarding the OECD Global Tax Deal. The memorandum declares that the commitments made by the previous administration concerning the Global Tax Deal are not binding in the United States unless Congress enacts them. It instructs the Secretary of the Treasury and the U.S. Permanent Representative to the OECD to notify the organization of this position. Additionally, it directs the Treasury Secretary and the U.S. Trade Representative to investigate foreign tax practices that may unfairly target American companies and to propose protective measures within 60 days. The action aims to safeguard U.S. economic interests and maintain national sovereignty over tax policy.