Part 6/10:
Implications for the OECD's Global Tax Agreement
Further complicating the international tax landscape is Trump's withdrawal of support from the OECD's global minimum corporate tax pact. Currently, this agreement mandates that signatory countries enact a minimum tax rate of 15%. If Trump were to utilize Section 891 against the OECD countries, he could encourage them to backtrack on this agreement, allowing the U.S. greater freedom to set its own tax rates, despite the consequences of losing potential revenues from international corporations.