End funding for and withdraw from the OECD
What the document says“The U.S. should end its financial support and withdraw from the OECD.”
The chapter argues that tax competition between states and countries is a positive force for liberty and limited government, that the push for a global minimum corporate tax is an attempt to create a global tax cartel, and that the United States should not outsource its tax policy to international organizations. It notes that the United States provides about one-fifth of the organization's funding.
What the document actually says“The U.S. should end its financial support and withdraw from the OECD.”
Stop paying into the OECD. Then leave it.
The OECD is a club of rich countries. It has pushed a shared minimum tax on firms. The book says America should stop funding it and leave.
The Organization for Economic Co-Operation and Development (OECD) Global Tax Deal (Global Tax Deal)
2025-01-20 · 90 FR 8483
The memorandum of January 20, 2025 directs the Secretary of the Treasury and the United States Permanent Representative to the OECD to notify the organization that any commitment the previous administration made on the Global Tax Deal has no force or effect in the United States without an act of Congress, and directs Treasury and the Trade Representative to develop options against foreign tax rules that reach American companies extraterritorially. That answers the chapter's objection to a global minimum tax set outside Congress. Where the fit breaks down: the United States remains a member of the OECD and keeps funding it. The memorandum neither withdraws nor ends financial support, and memo-2026-00976, which lists the organizations the United States is to leave, does not include the OECD.
The memo tells two officials to write to the group behind the global tax deal. They must say the deal has no force here without a vote by Congress. It also calls for options against foreign tax rules that reach American firms. But the country stays in the group and keeps paying dues. A later list of bodies to leave does not include it.