(Reuters) – President Donald Trump on Monday signed an executive action declaring that the Biden administration-backed global corporate minimum tax pact negotiated with more than 100 other countries has “no force or effect” within the United States except by congressional resolution. You adopt him. The deal.
“This memorandum restores our country’s sovereignty and economic competitiveness by making clear that the global tax agreement has no force or influence in the United States,” the memo stated. The document was part of a series of orders and actions taken by Trump on his first day in office.
