Story perspectives
Trump's Tax Tactics Challenge Global Cooperation, Spark Wealth Tax Push
7/13/2025
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Story summary
- Donald Trump has shaken the foundations of international tax cooperation, urging nations to reject a global minimum corporate tax that could curb billionaire advantages. His tactics have emboldened corporations to dodge taxes by threatening to relocate. Meanwhile, Spain and Brazil are uniting to push for wealth taxes, while the U.S. stalls on implementing a 15% minimum tax agreed upon in 2021.
