Overview
- Representatives of about 147 countries endorsed core elements of a 15% minimum tax for large multinationals, but the package excludes US‑headquartered groups.
- The US Treasury welcomed the carve‑out, with Finance Secretary Scott Bessent calling it a victory for US tax sovereignty after President Trump withdrew from the 2021 deal and threatened countermeasures.
- The OECD said several months of political and technical work remain before the revised framework can be finalized.
- German state finance ministers in Bavaria, Hesse and North Rhine‑Westphalia have urged freezing the plans, citing unfair disadvantages for European companies.
- Major economies such as China and India have not implemented the rules, intensifying concerns about uneven application and competition.