Treasury Secretary Scott Bessent in Kuala Lumpur, Malaysia, on Oct. 26, 2025. Hasnoor Hussain/Reuters
U.S. corporations won’t face a global minimum tax proposed by the European Union, according to an announcement Monday in Paris by an international economic policy group.
The United States under President Donald Trump demanded the EU carve out American companies from the international tax regulations and allow the U.S. tax system to work alongside the global minimum tax framework without interference.
