Reported about 7 hours ago
On Inauguration Day, President Trump signed an executive order signaling that the U.S. wouldn't implement a global minimum tax deal aimed at multinational corporations, easing concerns among major tech firms. The deal, supported by 140 countries, involves a 15% global minimum tax aimed at reducing tax evasion. However, concerns are raised about how this will impact U.S. companies, particularly regarding tax credits they utilize. Trump's warnings of retaliation against countries that tax U.S. firms disproportionately may have resonated well with tech executives.
Source: YAHOO