Tax competition is absolutely CRITICAL to economic growth and as a deterrent to runaway government.  That’s why the socialist Europeans hate it.

Biden’s Treasury Secretary, Janet Yellen, unpatriotically played into their hands with her subversive “global minimum tax.”

Bravo to Trump and Scott Bessent who have taken a big step in ending the OECD/World Bank dreams of an international tax cartel.

American companies will not be subject to OECD minimum taxes under a new agreement negotiated by Treasury Secretary Scott Bessent, pursuant to President Trump’s day one executive orders:

Score one for the new sheriff in town and the America First movement, at the expense of the globalists.

The deal not only protects Americans sovereignty but also means key pro-growth Trump tax cuts will not be undermined by discriminatory foreign taxes.

Because of this, Bessent also asked for the Senate and House to remove Section 899 of OBBB, which would have imposed a 5% to 15% tax on countries that discriminate against the U.S.

We hope this deal requires the end of Euro “digital services taxes” imposed on America’s tech industry.