OECD Will Keep Working With US Despite Trump’s Tax Deal Threat

The Organization for Economic Cooperation and Development said it will continue its work with the US to support international cooperation in tax that promotes “certainty, avoids double taxation, and protects tax bases.”

The OECD was responding to a Trump administration memo that instructed the US Treasury to tell the OECD that any commitments made by the Biden administration “have no force or effect” in the US.

The Monday memo referred to one part of a tax deal signed by more than 140 countries, including the US, which imposes a minimum 15% corporate tax, known as Pillar Two.

• “There have been ...