Int'l Tax News

If the UK government is serious about closing the tax gap, it can’t do so by repeatedly squeezing the same companies. There is a more effective path. And it runs through AI.

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French President Emmanuel Macron refused to drop the country’s digital tax after Donald Trump threatened new tariffs on wine, setting the stage for a confrontation when the two leaders meet at the Group of Seven summit in Evian.

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European countries that once worked to keep the United Nations’ tax negotiations from getting off the ground are now among the most active voices inside them.

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The European Commission will propose exempting large multinationals subject to the EU’s 15% corporate minimum tax law from reporting on their cross-border tax arrangements.

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The European Commission proposed allowing EU member states to redirect a portion of their defense-related national escape clause budget flexibility toward energy support measures. Several member states and the European Fiscal Board oppose the move, warning it could compromise the credibility of the EU fiscal framework and crowd out necessary military spending.

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The EU Economic and Financial Affairs Council reached a general approach to extend the carbon border adjustment mechanism (CBAM) to downstream steel and aluminum products. While a consensus was achieved to begin negotiations with the European Parliament, several smaller and island member states abstained or dissented over inflationary concerns and the rigid criteria of the emergency suspension clause.

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Geremia explores the taxation issue created by agentic artificial intelligence and evaluates to what extent the base erosion and profit-shifting project has addressed these issues.

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To understand the contradictions at the heart of President Donald Trump’s trade policy, look no further than the humble cup of coffee.

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The US Treasury is keeping a close eye on forthcoming guidance from the OECD that’s meant to ensure the global minimum tax framework maintains its integrity, a top department official said Friday.

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Democratic lawmakers seized on Elon Musk’s new status as the world’s first trillionaire to renew calls for a wealth tax on the richest Americans as affordability concerns dominate national politics.

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This OECD item discusses implementation of the amended Common Reporting Standard and the Crypto-Asset Reporting Framework in Caribbean jurisdictions. It focuses on the legal, IT, and reporting steps needed for future automatic exchanges, with implications for tax transparency, cross-border reporting, and international tax administration.

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Finley argues that the IRS lacked the statutory authority to blend the commensurate with income rule with standard arm’s length principles in the transfer pricing context. A closer look at the legislative history reveals Congress actually intended a strict, hindsight-based mechanism that adjusts a company's tax liability based on real-world profits rather than upfront projections.

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Anthropic CEO Dario Amodei called on governments to tax AI companies to fund a universal basic income and introduce employee retention incentives to account for the potential impact the technology could have on the labor market.

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A late effort to include new EU-wide taxes in the bloc’s next budget plan fell through as none of the additional levies—on digital services, crypto assets, and online gambling—were included in the amended proposal.

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EU finance ministers are meeting to negotiate an expansion of the Carbon Border Adjustment Mechanism (CBAM) to downstream steel and aluminum products, while strengthening anti-abuse measures against practices like "harmful resource shuffling." However, member states remain deeply divided over potential temporary exemptions, the inclusion of indirect emissions, and how to balance the expansion with existing EU state aid systems.

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Italy expects to lose approximately €3.02 million in annual revenue starting in 2026 after implementing the OECD's Pillar 2 side-by-side simplification package, driven primarily by a new safe harbor for substance-based tax incentives. However, data from early Pillar 2 collections indicates that other measures in the package—including safe harbors for U.S.-parented multinational groups—will have no measurable fiscal impact on the Italian treasury.

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Carvalho argues that the repeated use of OECD terms concerning pillar 2 have normalized the acceptance of the global anti-base-erosion model rules through a form of “illusory truth” while constraining domestic tax policymaking.

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The authors compare the estimated tax impact of global intangible low-taxed income and a pillar 2 income inclusion rule for 85 large U.S. nonfinancial corporations and find that aggregate taxes would have been higher under pillar 2.

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In the second installment of a three-part series, Levine explores potential EU reforms that could help foster world-class technology companies in Europe.

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Participants of the 2026 FIFA World Cup can use a proportional formula to allocate the prize money and other compensation they receive among the countries hosting the tournament, the IRS said Wednesday.

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Ireland’s healthy economic headline numbers mask growing weaknesses in the public finances, the state’s fiscal watchdog has warned.

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This article reports that tariff refunds exceeded gross customs collections, causing net customs receipts to turn negative for the month. The development shows how tariff refund administration following litigation over emergency tariffs can affect customs revenue and monthly government receipts data.

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Hong Kong announced a plan encourage more multinational corporations to establish treasury centers in Chinese territory by providing more favorable tax benefits and greater tax certainty.

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Brazil expects the OECD to decide whether it will be included in the side-by-side package in August after submitting a request in February. Inclusion would exempt multinational groups headquartered in Brazil from the global application of pillar 2 rules. The U.S. is the only country included in the side-by-side package. 

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The OBBBA, delivers the long-anticipated return of immediate deductibility of domestic Research & Experimental, or R&E, expenditures. While the baseline cash flow benefits are clear—including options to accelerate deductions for costs capitalized between 2022 and 2024—the restoration of R&E expensing triggers significant ripple effects across a company’s broader tax profile. Altering how and when R&E costs are deducted creates a chain reaction across other complex tax frameworks. This article discusses these interconnected impacts and outlines practical considerations for leadership. 

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Asian countries participating in the OECD’s tax transparency program were able to recover at least €1.6 billion ($1.8 billion) in additional revenue in 2025, according to a report released by the organization Tuesday. The report documents the progress of the Asia Initiative, a project to increase tax transparency in the region, with 18 members including Vietnam, Brunei, Indonesia, Korea, India, China, Hong Kong, and Pakistan.

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_{The EP’s proposal for three new EU levies on cryptoassets, online gambling, and digital services face pushback among EU ambassadors. This comes amid struggles to secure support for new own resources to finance the EU’s long-term budget. While there was pushback to cryptoassets and online gambling levy, a digital service levy seems stronger.}

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EU member states will discuss whether to take a common position during U.N. discussions on how the U.N. convention will interact with the convention’s protocols and other existing international agreements. This comes after a May 18 partial draft of the U.N. tax convention said that countries may need to interpret, apply, and renegotiate existing bilateral treaties to fulfill their obligations under the convention.

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The OECD published guidance on the GLOBE rules providing solutions for technical issues with the GIR XML schema and validation rules that taxpayers encounter as they file their initial returns. The guidance provides instructions on how to deal with mismatches between XML schema and the GIR template and how to handle missing, incorrectly placed, or redundant data fields.

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Singapore's Ministry of Finance started a public consultation on proposed legislation that would incorporate the age harbor and establish the exchange network information for information returns under the GLOBE rules.

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This official EU customs-and-tax development introduces a temporary €3 customs duty on low-value consignments from outside the EU and ends the prior duty exemption for such imports. The measure is part of the EU’s customs reform for e-commerce imports and is aimed at improving compliance, traceability, and equal treatment between import business models.

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Five jurisdictions press on with GMT implementation. Norway and Singapore signaled the adoption of the pillar 2 side-by-side package while Hungary, Luxembourg, and Portugal addressed administrative provision like information return filing.

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A bipartisan pair of lawmakers introduced a resolution warning that other countries’ implementation of a digital services tax could be met with investigations and retaliatory measures by the U.S. This comes as several countries—such as the U.K. and Poland— have proposed or enacted DSTs in recent months despite U.S. opposition.

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A senior Treasury Department official’s statement that any future digital-tax framework must be “evidence-based” sounds like a call for careful tax policymaking, given the apparent stalling of Pillar One. But the conflict there was never about a lack of evidence that US tech giants have economic presence in foreign markets. 

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To the casual visitor, little suggests that Jersey — the small island just off the northern coast of France — is one of the world’s leading offshore financial centers. You might clock billboards in the airport arrivals hall advertising trust structuring and international legal services, or notice the strikingly high concentration of top-end jewelers on King Street, the island’s main shopping parade. But there are no glass-and-steel towers in St. Helier, Jersey’s capital, no Ferraris burning up the country lanes, no six-star hotels, and just the one Michelin-starred restaurant. The look and feel is that of provincial England circa 1950 — and most of the 100,000 residents, many of whom have family links to the island going back generations, would prefer to keep it that way.

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The Canadian government has called on the country’s communications director to reconsider its decision to require foreign streaming services to pay a tax to facilitate the implementation of the Online Streaming Act. Large streaming companies would have had to contribute 15% of their annual revenue to support Canadian programming The government is now considering new policies to facilitate OSA’s implementation.

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PwC Netherlands’ chief economist called for new categories and accounting rules to tax artificial intelligence models. Instead of classifying AI as goodwill or charging their costs to income, she proposed classifying them as immaterial assets with their own valuation and depreciation models. She also called for international cooperation for new accounting rules because unilateral measures increase risk of profit shifting.

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Countries should abandon digital services taxes and pursue a multilateral approach to the digital economy or risk US-led trade or tax retaliation, according to a bipartisan House resolution introduced Thursday.

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The European Parliament’s economic affairs committee adopted a report Thursday calling for stronger reform measures, including tax changes, to strengthen the EU’s competitiveness.

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The European Commission pointed out inefficient and costly tax expenditures in several member states and called for better-designed R&D incentives in its 2026 European Semester Spring Package. The commission has withheld funds from EU countries that did not satisfactorily implement one or more pre agreed recovery plan milestones.

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In its economic outlook report, the OECD cautioned member and some nonmember countries against introducing and keeping broad-based tax cuts and subsidies for fossil fuels and instead recommended that countries should increase tax revenues by either broadening their tax bases or raising their tax rates.

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Denmark's new government is launching sweeping tax reforms, highlighted by a new tech tax targeting global tech giants and a corporate income tax cut from 22% to 19% to boost business competitiveness. The plan also features temporary household electricity tax cuts that recently drew praise from the European Commission for promoting electrification.

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Latif explores the difficulties developing economies face with the international structure for cross-border tax disputes and describes solutions through the work of the U.N. Framework Convention on International Tax Cooperation.

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The European Commission pushed Luxembourg and Malta to strengthen measures against aggressive tax planning, warning both countries they’re susceptible to companies shifting profits to low-tax jurisdictions.

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US officials should ensure countries at the OECD don’t further complicate the global minimum tax rules and target US companies, a business group urged the Treasury Department in a letter released Wednesday. The Alliance for Competitive Taxation expressed concern about the Organization for Economic Cooperation and Development’s plans to release “integrity” guidance under the global minimum tax following a deal struck by countries Jan. 5 that would carve out US companies from parts of the minimum levy’s framework.

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The EU's ECON committee is voting on a 28th tax regime proposal aimed at helping cross-border startups by creating a unified tax base and letting them offset losses across borders. They might launch it with a smaller group of member states if they are unable to get all members to agree.

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The OECD released a draft proposing a substantial revision of its transfer pricing guidelines on intro group services, the first major overhaul since 2015. While it does not offer the arm’s-length principle, it provides more guidance on how taxpayers and tax administrations should analyze those services and provides practical examples in the annex. 

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The EU is drafting a massive tax package that could save companies about €5.3 billion a year by completely scrapping minimum holding requirements for withholding tax exemptions on intra-EU dividends, interest, and royalties. It also simplifies cross-border dispute resolutions, though some member states might fight it since it could erode their local tax revenues.

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As global minimum tax compliance goes live, jurisdictions are rapidly rolling out critical administrative updates. Belgium has officially finalized its 2024 QDMTT return template and extended key filing deadlines, while Australia, Ireland, Italy, Malaysia, Portugal, South Africa, and Sweden have dropped urgent guidance covering account setups, GIR filing portals, safe harbors, and penalty relief.

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