This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Trump administration hails exclusion of US companies from global tax deal

( January 5, 2026, 20:34 GMT | Official Statement) -- MLex summary: Treasury Secretary Scott Bessent hailed a global tax deal reached at the Organization for Economic Cooperation and Development after the agreement exempted US-based companies. The Inclusive Framework on Base Erosion and Profit Shifting was agreed to by 147 countries through the OECD. Under the deal, US-based companies will only be subject to US minimum tax rates and are exempt from pillar two of the agreement that imposes global minimum tax rates. Bessent helped scrap a "revenge tax" proposed in a reconciliation bill in the US Congress earlier this year after reaching an agreement with the OECD and G20.Statement follows:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections