Under the agreement finally reached by the OECD, U.S. multinational corporations will be exempt from paying additional corporate taxes overseas. The OECD announced on Monday that nearly 150 countries have agreed to a plan, originally drafted in 2021, aimed at preventing large multinational corporations from shifting profits to low-tax countries, regardless of where in the world they operate.Following negotiations between the U.S. government and other wealthy nations in the Group of Seven (Donald Trump), the revised plan excludes large U.S.-based multinationals from the 15% global minimum tax rate.OECD Secretary-General Matthias Cormann said in a statement that the agreement is a “landmark decision in international tax cooperation” that “enhances tax certainty, reduces complexity, and protects the tax base.”U.S. Treasury Secretary Bessent called the agreement “a historic victory in upholding U.S. sovereignty and protecting American workers and businesses from excessive extraterritorial interference.”