Critics Blast Resource Cuts After U.S. Gains OECD Tax Exemption

Tax transparency groups are criticizing Donald Trump for cutting enforcement resources following a deal to exempt U.S. companies from global minimum taxes.Scott Bessent secured an agreement with the OECD ensuring domestic corporations remain subject only to U.S. taxes rather than the 15% international rate.While Mathias Cormann labeled the decision a landmark, critics argue the policy waters down a 2021 pact intended to stop profit-shifting by multinational firms.