American companies will be exempt from penalties related to a 2021 global minimum tax deal that President Trump opposes.

Treasury Secretary Scott Bessent said the Group of 7 had agreed that penalties related to a 2021 “global minimum tax” deal ...

G7 nations have reached a groundbreaking agreement, exempting US and British multinational corporations from key provisions ...

US President Donald Trump's government had pushed hard for the compromise. Read more at straitstimes.com. Read more at ...

The Group of Seven (G7) said Saturday that it will allow American companies to be excluded from a global minimum tax imposed ...

The White House chalked up Canada’s decision to suspend its tax to the president’s trade threat, but there were more layers ...

A key section of the US president’s One Big Beautiful Bill Act has been dropped but the fate of a global deal that took ...

The G7 has approved a “side-by-side” tax arrangement supporting the US, including removal of a controversial Trump-era tax ...

Faced with the threat of a tax war from the US government, which considered imposing steep additional taxes on foreign ...

More countries involved in international tax pact negotiations want to address the treatment of certain kinds of incentives under the global minimum tax, a US official said.