Int'l Tax News

Artificial intelligence doesn’t belong in the OECD-led discussions about taxing the digital economy, the top US delegate to the organization said on June 23, 2026.

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The OECD plans to release a report in July on the impact of the global minimum tax following a January agreement that carves out US multinationals from key parts of the minimum levy’s framework.

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Tariff revenue is now flowing out of the US Treasury’s coffers faster than it’s coming in, with nearly $22 billion in unlawfully collected duties reimbursed to importers in May.

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Corporate income tax exemptions remain the most popular investment tax incentive instrument across most of the globe, data compiled by the OECD shows.

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A senior EU official on Thursday urged the restart of stalled global digital tax negotiations “as soon as possible,” warning that the issue of untaxed revenue from digital services is unlikely to go away.

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Global funds are piling into Indian government bonds after New Delhi removed taxes on debt for foreign investors and eased ownership caps, along with moves that have helped stabilize the rupee.

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Switzerland lost its position as the world’s most competitive economy to Singapore, slipping to third place in the ranking as high US trade tariffs and a strong Swiss franc hurt investment flows.

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Colombia wants to join the US in having its companies exempted from part of the 15% global minimum tax that dozens of countries have already adopted.

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The OECD is planning to share documentation on tax morale with several tax administrations in the coming weeks, an official said.

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OECD officials urged governments to reassess existing tax incentives in light of pillar 2, noting that some incentives may be less effective under the global minimum tax framework while others may qualify for favorable treatment. Countries were encouraged to evaluate which incentives benefit in-scope multinationals and consider reforms that align with pillar 2 rules while improving investment certainty and tax policy effectiveness.

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Tax administrators vouched for potential benefits that a simplified transfer pricing calculation for baseline marketing and distribution activities could have on tax authority capacity and dispute resolution.

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Tax authorities are reporting a significant reduction in time spent tracking non-compliance with payments of value-added tax—from nine months to three—thanks to the use of artificial intelligence, an OECD official said Wednesday.

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In this final installment of the report, Levine looks at the path forward for the EU to use taxation to support growth and innovation, including enhanced cooperation, and suggests that it look to build on U.S. experience rather than replicate it.

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The UK tax authority proposed changes to its planned transfer pricing documentation requirements Tuesday to lighten the administrative burden for multinational companies. The new proposal for documentation under the International Controlled Transactions Schedule, open for public consultation until July 31, also adds targeted rules for the financial sector.

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The European Union’s US trade deal is close to being implemented after the bloc’s lawmakers gave their final approval, forging ahead despite ongoing transatlantic trade tensions.

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The EU is preparing an ambitious overhaul of the bloc’s corporate tax rules in a bid to cut red tape and boost the European economy’s sluggish growth.

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The OECD is consulting on amendments to its model reporting rules for digital platforms to reduce compliance burdens for gig and sharing economy operators. Key proposals include raising the low-value seller exclusion threshold to €3,000, exempting certain intragroup platform arrangements, and explicitly excluding pure payment processors from reporting obligations.

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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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