Kenya spent years positioning itself to collect a 15% minimum tax from tech giants like Google, Meta, and Amazon through the OECD’s global agreement. The Kenya Revenue Authority had visions of billions in new revenue. Then Donald Trump stepped in and brokered a deal with 145 countries that essentially exempts American companies from the global minimum tax everyone agreed to just a few years ago. Treasury Secretary Scott Bessent framed it as protecting American “tax sovereignty,” but what it really means is that Kenya and dozens of other countries just lost their ability to squeeze more money out of US multinationals.