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G7 Agrees to Exempt US Companies from Global Tax Rules

  • #Politics
  • #Taxation
  • #United Kingdom
  • #United States of America
G7 Agrees to Exempt US Companies from Global Tax Rules
story
JUN 29
Above: U.S. President Donald Trump at the Kananaskis Country Golf Course in Kananaskis, Alberta, Canada on June 16, 2025. Image copyright: Michael Kappeler/Pool/AFP/Getty Images
story last updated JUN 30

The Spin

Pro-Trump narrative

This deal is a significant victory for American sovereignty and business interests. The revenge tax would have discouraged foreign investment and harmed American competitiveness, while the global minimum tax would have unfairly redistributed U.S. tax revenues to other countries. Trump's negotiating strategy successfully protected American companies from discriminatory foreign taxation.

U.S. Department of the TreasuryFdiintelligence

Anti-Trump narrative

The agreement is a dangerous precedent that undermines international tax cooperation and fairness. Exempting the largest economy from global tax rules creates an unfair advantage for U.S. multinationals while weakening efforts to combat tax avoidance. This cave-in to American pressure threatens the entire framework designed to ensure fair taxation.

FTLe Monde.frTax Justice Network

Metaculus Prediction


Public Figures

Donald Trump

Scott Bessent


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