G7 nations have reached a groundbreaking agreement, exempting US and British multinational corporations from key provisions of the global minimum tax through a new "side-by-side" system.

G7 Backs Plan for ‘Side-by-Side’ Tax System to Avoid U.S. Fight American companies will be exempt from penalties related to a 2021 global minimum tax deal that President Trump opposes.

G7 Agrees to Avoid Higher Taxes for US and UK Companies By Harshita Meenaktshi, Bipasha Dey and Promit Mukherjee (Reuters) -The United States and the Group of Seven nations have agreed to support ...

(The Center Square) – Two weeks after President Donald Trump had to leave the G7 summit early to tend to escalating tensions between Israel and Iran, the G7 leaders have released a joint ...

U.S. Treasury Secretary Scott Bessent said on Thursday that he has asked Republicans in Congress to scrap the Section 899 retaliatory tax proposal from their tax and spending bill after Washington ...

A deal has been reached with G-7 nations on international corporate minimum-tax rates.

The US and fellow Group of Seven nations signed off on an agreement aimed at averting a global tax war, by creating a “side-by-side” system that would exempt US companies from some elements of ...

Bessent said that under the G7 agreement, the 15% global corporate minimum tax will not apply to U.S. companies under "Pillar 2" of the Organization for Economic Cooperation and Development tax deal.

Treasury Secretary Scott Bessent said the Group of 7 had agreed that penalties related to a 2021 “global minimum tax” deal would not apply to American companies.

Trump announced that on his orders the U.S. military struck three Nuclear sites in Iran—Fordow, Natanz, and Esfahan.

But even as other G7 leaders defuse any public disputes with Trump, the U.S. president's vision for the world remains largely incompatible with they want.