US companies score wins in global tax deal

Treasury Secretary Scott Bessent. (Image: Supplied)

Tue, 06 Jan 2026

By Richard RubinWASHINGTON – The Trump administration won international tax-policy concessions sought by Republicans and companies, reshaping the Biden-era global corporate minimum-tax deal without abandoning it.The US had threatened to blow up the agreement last year, warning that it interfered with the nation’s prerogative to set its own tax policy. That prompted other countries to seek a path that would accommodate concerns from President Trump and congressional Republicans. The US paused those threats in late June, and the...

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