Published by Global Banking & Finance Review®
Posted on January 5, 2026
2 min readLast updated: January 20, 2026
145 countries amend the global tax deal to align with US concerns, preserving the 15% minimum tax framework and stabilizing global support.
PARIS, Jan 5 (Reuters) - More than 145 countries agreed on Monday to amend a 2021 global minimum corporate tax agreement, addressing Washington's concerns the rules could penalise U.S. multinational companies.
The Organisation for Economic Cooperation and Development said the fresh package preserves the 15% global minimum tax framework designed to ensure large multinationals pay a baseline tax wherever they operate.
The update includes simplifications and carve-outs to align U.S. minimum tax laws with global standards, accommodating earlier objections raised by the Trump administration.
OECD head Mathias Cormann said in a statement the arrangement "enhances tax certainty, reduces complexity, and protects tax bases."
As of October, more than 65 countries had begun implementing the 2021 global tax deal, which requires nations to apply a 15% corporate tax or impose a top-up levy on multinationals booking profits in jurisdictions with lower tax rates.
The revised agreement solidifies global backing after G7 countries, including the U.S., brokered a deal in June exempting some U.S. companies from parts of the original framework.
A broader agreement, reached on Monday after Washington pressured holdouts to back the updated arrangement, helps stabilise the global deal.
The pact's future was thrown into doubt last January when President Donald Trump criticized the 2021 deal negotiated by the Biden administration, saying it wasn't applicable in the U.S.
The Trump administration threatened retaliatory taxes against countries that imposed levies on U.S. firms under the 2021 deal.
(Reporting by Leigh Thomas; Editing by Bernadette Baum)
A global minimum tax is a tax rate set by countries to ensure that multinational corporations pay a baseline tax on their profits, regardless of where they operate.
The OECD is an international organization that promotes policies to improve the economic and social well-being of people around the world, focusing on economic growth and stability.
Multinational corporations are companies that operate in multiple countries, managing production or delivering services in more than one nation.
Tax certainty refers to the clarity and predictability of tax obligations, which helps businesses plan their finances and operations without unexpected tax liabilities.
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