Publication | Executive Actions Monitor

    Executive Actions Affecting Taxation

    2025 Presidential Actions
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    These executive order (EO) summaries are based on a cursory review; our lawyers and policy professionals continue to analyze these documents, and the directives they contain. Among other things, some of the directed actions may present significant constitutional questions that could be litigated and subsequently overturned or blocked.


    February 21, 2025

    Defending American Companies and Innovators From Overseas Extortion and Unfair Fines and Penalties

    A memorandum providing that it is the policy of the Trump administration to impose tariffs and take other responsive actions to address digital service taxes (DSTs), regulations, practices and other policies of foreign governments that are discriminatory or burdensome against US companies, including those that could require a US company to jeopardize its intellectual property (IP). The memorandum itself does not impose any tariffs but directs seven agency actions to review and report remedial actions to address the various practices. A fact sheet on the memorandum can be found on the White House website.
     
    January 20, 2025

    The Organization for Economic Cooperation and Development (OECD) Global Tax Deal (Global Tax Deal)

    A memorandum directing the Secretary of the Treasury and the Permanent Representative of the US to the OECD to communicate to the OECD that the OECD Global Tax Deal has no force or effect in the US absent future congressional action. The memorandum also directs the Secretary of the Treasury and the US Trade Representative to report on certain foreign tax policies that negatively impact US companies, as well as foreign noncompliance with US tax treaties.