India asks if global corporate tax can work after U.S. withdrawal

140 nations had agreed to make it harder for multinationals to avoid taxes

20250203 U.S. dollar notes

Donald Trump has declared that the global corporate minimum tax deal "has no force or effect" in the U.S. © Reuters

NEW DELHI (Reuters) -- India is assessing whether a global corporate tax deal that 140 nations agreed on can work following U.S. President Donald Trump's withdrawal from the landmark 2021 arrangement, a senior bureaucrat in the finance ministry said.

Last month, Trump declared the global corporate minimum tax deal "has no force or effect" in the U.S., effectively removing his country from it.

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