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flag US withdraws from global tax deal, stalling efforts to tax multinationals and billionaires.

flag Under President Trump, efforts to implement global tax reforms targeting billionaires and multinational companies, including tech giants like Amazon and Google, have stalled. flag The US has withdrawn from an international tax deal and threatened tariffs on countries imposing taxes on US tech firms, causing tensions with allies. flag Negotiations on setting a minimum global tax rate and taxing companies where profits are made have been halted.

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