Though the establishment of a new “side-by-side” regime exempting U.S. corporations is a regrettable and unnecessary setback, the OECD’s global minimum tax remains a generational leap forward in the fight against corporate tax avoidance.
Today’s announcement by the OECD that U.S.-headquartered corporations will continue to be exempt from key elements of the global minimum tax regime represents a regrettable setback for the global fight against corporate tax avoidance.
On December 16, the U.S. Court of Appeals for the 11th Circuit upheld the constitutionality of the Corporate Transparency Act, the most significant new federal anti-money laundering law in a generation.
FACT’s latest report analyzes the tax disclosures of 11 U.S. oil and gas multinational companies, and calls for the elimination of harmful subsidies for extraction abroad.
Read FACT’s latest report analyzing the public filings of 11 U.S. multinational oil and gas companies, and breaking down the substantial tax subsidies that inform the industry’s low average tax rates on their domestic income.
While the 2025 tax law’s international tax provisions have been labelled “America-first”, in reality, most of the changes will lower the effective tax rates multinationals pay on foreign income, further incentivizing the movement of investment and income abroad.
