Latest U.S. Tax Measures & Finance Law Updates (2025) : What You Need to Know

The landscape of U.S. tax policy is shifting once again, with recent developments shaping the future of international taxation, corporate finance, and economic strategy. From executive orders to legislative proposals, here’s a breakdown of the latest updates in tax measures and finance law.

The U.S. Withdraws from the Global Tax Deal

One of the most significant moves in recent tax policy is the U.S. withdrawal from the OECD Global Tax Deal. This agreement aimed to establish a minimum global tax rate and prevent multinational corporations from shifting profits to low-tax jurisdictions. However, President Trump’s administration has officially rescinded U.S. commitments to the deal, citing concerns over extraterritorial taxation on American businesses.

The withdrawal has raised concerns among international tax experts, as countries that impose taxes under Pillar Two—which enforces a 15% minimum tax rate—may now face retaliatory measures from the U.S. government.

Congressional Republicans Push for New Tax Legislation

Meanwhile, congressional Republicans are working on a budget reconciliation tax bill to extend provisions from the Tax Chttps://www.irs.gov/uts and Jobs Act. The bill aims to maintain tax cuts for businesses and individuals while addressing concerns about international tax compliance.

A recent meeting between Treasury Secretary Scott Bessent and congressional leaders signaled optimism about passing the bill swiftly. Senate Majority Leader John Thune has indicated that a vote could take place as early as the end of March.

Executive Orders Targeting International Taxation

In addition to legislative efforts, President Trump has signed executive orders directing the Treasury Department to investigate foreign tax policies that disproportionately affect American companies. These orders could lead to retaliatory tax measures against countries that impose undertaxed profits rules (UTPR) or other extraterritorial tax regulations.

One proposed bill, the Defending American Jobs and Investment Act, would increase tax rates on foreign investors and corporations operating in the U.S. if their home countries implement discriminatory tax policies.

What’s Next?

With these developments unfolding, businesses and investors must stay informed about potential tax changes that could impact their operations. The withdrawal from the Global Tax Deal, upcoming legislative battles, and executive orders all signal a shift in U.S. tax policy that could have far-reaching consequences.

As lawmakers continue to debate these measures, the financial world will be watching closely to see how these policies shape the future of taxation and economic strategy.

What are your thoughts on these changes? Do you think they will benefit businesses, or create more challenges? Let’s discuss!