Economic Policy

How the Global Tax Deal Lets U.S. Giants Dodge Fair Taxes—And What It Means for America

By Economics Desk | January 5, 2026

In a controversial shift, U.S.-based multinational corporations sidestep the global minimum tax, raising concerns about fairness and sovereignty in international economic policy.

When nearly 150 countries came together under the Organization for Economic Cooperation and Development (OECD) to finalize a global minimum corporate tax, the goal seemed clear: curb profit shifting by big multinationals and protect sovereign tax bases.Yet, beneath the surface of this landmark agreement lies a troubling exemption that favors U.S.-based multinational companies—allowing them to continue dodging higher taxes overseas. This carve-out, negotiated during President Trump’s administration, raises pressing questions about how true this global commitment to leveling the playing field really is.Is America Protecting Its Sovereignty or Letting Giants Slip Through the Cracks?On paper, a 15% minimum global tax...

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