Presidential Documents

Federal Register / Vol. 90, No. 19 / Thursday, January 30, 2025 / Presidential Documents 8483 

Memorandum of January 20, 2025 

The Organization for Economic Co-Operation and Development (OECD) Global Tax Deal (Global Tax Deal) 

Memorandum for the Secretary of the Treasury[,] the United States Trade 

Representative[, and] the Permanent Representative of the United States 

to the Organization for Economic Co-Operation and Development 

The OECD Global Tax Deal supported under the prior administration not 

only allows extraterritorial jurisdiction over American income but also limits 

our Nation’s ability to enact tax policies that serve the interests of American 

businesses and workers. Because of the Global Tax Deal and other discriminatory foreign tax practices, American companies may face retaliatory international tax regimes if the United States does not comply with foreign 

tax policy objectives. This memorandum recaptures our Nation’s sovereignty 

and economic competitiveness by clarifying that the Global Tax Deal has 

no force or effect in the United States. 

Section 1. Applicability of the Global Tax Deal. The Secretary of the Treasury 

and the Permanent Representative of the United States to the OECD shall 

notify the OECD that any commitments made by the prior administration 

on behalf of the United States with respect to the Global Tax Deal have 

no force or effect within the United States absent an act by the Congress 

adopting the relevant provisions of the Global Tax Deal. The Secretary 

of the Treasury and the United States Trade Representative shall take all 

additional necessary steps within their authority to otherwise implement 

the findings of this memorandum. 

Sec. 2. Options for Protection from Discriminatory and Extraterritorial Tax 

Measures. The Secretary of the Treasury in consultation with the United 

States Trade Representative shall investigate whether any foreign countries 

are not in compliance with any tax treaty with the United States or have 

any tax rules in place, or are likely to put tax rules in place, that are 

extraterritorial or disproportionately affect American companies, and develop 

and present to the President, through the Assistant to the President for 

Economic Policy, a list of options for protective measures or other actions 

that the United States should adopt or take in response to such non-compliance or tax rules. The Secretary of the Treasury shall deliver findings and 

recommendations to the President, through the Assistant to the President 

for Economic Policy, within 60 days. 

Sec. 3. General Provisions. (a) Nothing in this memorandum shall be construed to impair or otherwise affect: 

(i) the authority granted by law to an executive department, agency, or 

its head; or 

(ii) the functions of the Director of OMB relating to budgetary, administrative, or legislative proposals. 

(b) This memorandum shall be implemented consistent with applicable 

law and subject to the availability of appropriations. 


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8484 Federal Register / Vol. 90, No. 19 / Thursday, January 30, 2025 / Presidential Documents 

(c) This memorandum is not intended to, and does not, create any right 

or benefit, substantive or procedural, enforceable at law or in equity by 

any party against the United States, its departments, agencies, or entities, 

its officers, employees, or agents, or any other person. 

THE WHITE HOUSE, 

Washington, January 20, 2025 

[FR Doc. 2025–02043 

Filed 1–29–25; 8:45 am] 

Billing code 3395–F4–P 


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