Donald Trump’s second term in the White House threatens to trigger global spats over tax, with experts voicing concerns over Republican vows to penalise countries applying extra levies to US multinationals.
The head of tax at one large multinational told the Financial Times that 2025 “could be the year that everything goes to hell in a handbasket and businesses get caught in the middle”.
Alan McLean, chair of the Business at OECD tax committee, which represents business interests in discussions among the Paris-based group of rich economies, said the imposition of tariffs in response to global tax measures “could hamper economic growth by raising operational costs for businesses and increasing prices for consumers”.
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