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Tax Notes Talk

Former U.S. OECD Negotiator Talks Trump's Global Tax Impact

Jan 31, 2025
Scott Levine, former U.S. Chief OECD Tax Negotiator and Deputy Assistant Secretary for International Tax Affairs, shares his insights on President Trump’s executive order affecting the OECD's global tax deal. He discusses the potential impacts of U.S. non-participation in international tax frameworks and challenges such as Digital Services Taxes. Levine reflects on his tenure at Treasury, highlighting triumphs and trials, while sharing wisdom for future negotiators on fostering international collaboration in tax policy.
29:20

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Podcast summary created with Snipd AI

Quick takeaways

  • President Trump's executive order introduces a cooling-off period, suggesting potential for negotiation within the OECD's two-pillar tax project.
  • The U.S. faces challenges in maintaining its tax incentives while needing to align with global regulations to avoid non-compliance.

Deep dives

Implications of Trump's Executive Order

The executive order issued by President Trump on Inauguration Day raises concerns about the future of U.S. participation in the OECD's two-pillar project, which aims to modernize international taxation. Although the order may suggest a withdrawal from multilateralism, it does not explicitly state that the U.S. will exit the OECD framework. Instead, it introduces a 60-day cooling-off period that allows for further contemplation before any drastic actions are taken. This indicates that while there are uncertainties, there is still an opportunity for negotiation and potential compromise.

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