Donald Trump's return raises prospect of global tax war

Contributing sentiments towards policy:

59% : That's what Trump likes to do.
47% : Tax experts believe the EU is in the crosshairs of Republicans, who have branded a key part of the OECD deal, known as the undertaxed profits rule and often referred to as the UTPR, as "discriminatory".
45% : Trump, a self-described "tariff man", has often threatened to resort to using the levies to ensure that the interests of US businesses and households are protected.
44% : "Europe has a strong legal culture and law is law, but I can imagine a future arrangement between Trump and the EU where the EU will give up the UTPR for the sake of not getting engaged in an economic war," said Valentin Bendlinger, a senior consultant at ICON Wirtschaftstreuhand, a tax consultancy company in Austria.
43% : The EU has a trade surplus with the US of €158bn, according to figures from the European Commission.
42% : The EU enacted the measure under a directive in 2022, but some experts believe the bloc could compromise with Trump on its enforcement in return for favourable treatment of its exports.
38% : So far, the UTPR has been legislated in jurisdictions including Australia, Canada, Japan, New Zealand, Norway, South Korea, Turkey and the UK, alongside the EU.
37% : The US has a rate of 21 per cent -- though Trump has proposed cutting it to just 15 per cent for domestic manufacturers.

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