WASHINGTON, Jan. 9, 2026 — Earlier this week, the OECD announced a deal among more than 145 countries on a “side-by-side” framework that exempts all U.S. companies from the new 15-percent tax on the global earnings of multinational corporations. We value the Administration’s dedication to protecting American businesses and ensuring employee-owned firms are shielded from extraterritorial overreach. This agreement stands as a global win for America’s employee-owned companies and recognizes the significant economic contributions of the employee-owner workforce.

“From the outset, U.S. Treasury officials recognized the uniquely American S ESOP structure that enables workers to save for retirement through ownership in their workplace,” said Stephanie Silverman, President and CEO of the Employee-Owned S Corporations of America (ESCA). “They advocated and negotiated tirelessly to ensure American workers would not face new foreign taxes that diminish the value of their ownership stakes. We commend the Administration’s focus on policies supporting America’s workforce and allowing ESOP companies to continue thriving.”

ESCA also extends thanks to the leadership of the House Ways and Means Committee and Senate Finance Committee, whose support was instrumental in advancing Treasury’s work.

About ESCA: ESCA, the Employee-Owned S Corporations of America, is the exclusive voice in Washington, DC, representing employee-owned S corporations (“S ESOPs”). Over 4,000 S corporation ESOPs operate across diverse industries—including heavy manufacturing, defense contracting, construction, engineering, healthcare, and retail—with more than 1.1 million total participants. Between 2002 and 2022, S ESOP companies distributed over $134 billion in retirement savings to their employee-owners.

SOURCE: The Employee-Owned S Corporations of America (ESCA)