Trump Administration 2.0—The First Executive Orders

Within the first month of President Trump's second term, the nation has witnessed several executive actions relating to tax and tax administration that affect American businesses and consumers. This article summarizes some of these early executive orders that touch on tax.

OECD

One of President Trump's day 1 executive orders was The Organization for Economic Co-operation and Development (OECD) Global Tax Deal. President Trump notified the OECD that the Biden administration's commitment to the Global Tax Deal will have no force or effect within the United States absent an act of Congress. The Global Tax Deal is the outcome of efforts by OECD countries to address the perceived tax abuses of base erosion and profit shifting by multinational corporations. The executive order also instructs Secretary of Treasury Scott Bessent to investigate whether any foreign country is not complying with tax treaties or tax rules in place with the United States "that are