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Republicans seek to defund the OECD

Move against global tax body marks Trump administration’s latest effort to withdraw from international organisations

Republicans in the House of Representatives are seeking to defund the OECD as the Trump administration widens its assault on American participation in international organisations.

They are pressing ahead with legislation that would end Washington’s funding for the Paris-based organisation amid anger over its role in global tax rulemaking, which they argue unfairly targets US companies.

“The committee does not support the work of the OECD that promotes higher tax rates, corporate tax floors and digital tax schemes that target American taxpayers,” Republicans on the House appropriations committee wrote in a report recommending the bill.

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