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 ...

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 US demand for its tax system to sit “side-by-side” with the global minimum tax framework faces a long path forward, ...

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

Part four There is a growing global trend towards principled tax practice, tax transparency and information disclosures, and ...

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

The “honorable compromise” has led the Trump administration to drop its threat to impose a “revenge tax” in a major spending ...

US Treasury Secretary Scott Bessent has said the Group-of-Seven member states have agreed that a key pillar of a global tax ...