The tax war between the US and the EU appears to be over. It was triggered by the EU’s minimum tax on, among other things, foreign subsidiaries whose parent companies do not pay at least 15% tax on their accounting profits.
As Donald Trump returns to office, the US and global economic landscape are set for significant shifts. His administration’s approach to trade, taxation, and deregulation is expected to reshape markets, potentially benefiting domestic industries while increasing uncertainty for global supply chains.
Several competitiveness rankings assess factors such as law enforcement, infrastructure, and taxation law from a business perspective. However, they often lack accessible and practical explanations of how these factors impact the daily operations of small businesses.