Story perspectives

OECD Exempts U.S. Firms from Global Minimum Tax

1/7/2026

Center

OECD Exempts Corporations

The OECD finalized a deal exempting U.S. multinational corporations from the 15% global minimum tax, with support from nearly 150 countries.
Tax transparency advocates criticized the agreement, with Zorka Milin of the FACT Coalition arguing it would let U.S. companies continue using tax havens.
Congressional Republicans praised the deal as a victory for U.S. sovereignty.
The agreement marks a shift from earlier proposals aimed at curbing corporate tax avoidance.

Left

Reich Critiques Deregulation

Robert Reich argues deregulation and corporate profits deepen inequality and erode US society, paralleling the UK's experience under Thatcher.
Nearly 150 countries have agreed to a global minimum tax, but the United States remains exempt.
The OECD's plan to curb profit shifting aims to raise corporate taxes, though critics say it undermines progress.
In Michigan, U.S. Senate candidates are heavily funded by corporate donors, with Haley Stevens leading in fundraising.

History

Historical Context

In July 2021, finance officials from 130 countries, including the U.S., endorsed a global minimum corporate tax rate of 15% to combat tax avoidance by multinationals. This agreement builds on earlier efforts, such as the G20's 2013 commitment to enhance tax transparency, and aims to recover an estimated $100 billion to $240 billion in lost revenue annually, reshaping corporate taxation worldwide.

1 of 3

OECD Exempts Corporations

The OECD finalized a deal exempting U.S. multinational corporations from the 15% global minimum tax, with support from nearly 150 countries.
Tax transparency advocates criticized the agreement, with Zorka Milin of the FACT Coalition arguing it would let U.S. companies continue using tax havens.
Congressional Republicans praised the deal as a victory for U.S. sovereignty.
The agreement marks a shift from earlier proposals aimed at curbing corporate tax avoidance.

1 / 3