The Trump Administration has reached agreement with more than 145 countries in the OECD/G20 Framework to have U.S.-headquartered companies remain subject to only U.S. global minimum taxes while exempting them from OECD Pillar Two deal.
This side-by-side agreement recognizes the tax sovereignty of the United States over the worldwide operations of U.S companies and the tax sovereignty of other countries over business activity within their own borders.
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Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.