2026

An ambitious project to strengthen European countries’ resolution of cross-border tax and transfer pricing disputes—if it fulfills its vision—will pay off with upgraded standards, faster processes, and more certainty for multinational companies, tax professionals say.

 To read the full article, click here (subscription required).

Irish corporate tax receipts rose in the first half of the year, despite concerns that American firms would reshore profits as part of President Donald Trump’s vow to bring US company profits home.

 To read the full article, click here (subscription required).

This piece discusses President Trump’s threat to impose a 100 percent tariff on countries that apply digital services taxes to U.S. companies. It explains that the administration would likely need to proceed through established trade-law mechanisms, such as Section 301 or Section 232 investigations, and places the proposal within broader U.S. objections to foreign DSTs targeting American technology companies.

To read the full article, click here.

The European Union should include a digital levy targeting large tech companies as it searches for new revenue to finance defense spending and repay joint debt, Czech representative Danuše Nerudová said on July 2, 2026.

 To read the full article, click here (subscription required).

A group representing Europe’s biggest companies called on EU governments July 2, 2026 not to water down the European Commission’s tax simplification bills, warning that changes could undermine efforts to reduce regulatory burdens and boost the bloc’s competitiveness.

 To read the full article, click here (subscription required).

The first public country-by-country reports under the EU directive—from Microsoft, Procter & Gamble, and others—drew praise for transparency but warnings from the OECD, business groups, and companies against misreading the data. Microsoft booked 38.1 percent of its worldwide profits in Ireland despite housing under 3 percent of its workforce there, while P&G reported $114 million in tax-free Luxembourg profit tied to a now-liquidated entity, fueling debate over whether the disclosures reveal avoidance or just an incomplete picture.

Click here for full article.

The International Tax Observatory on July 20 issued a policy note regarding the relationship between the OECD's pillar 2 tax regime and controlled foreign corporation rules, finding that pillar 2 should complement CFC rules and that both should address different types of tax avoidance within the EU's overall corporate tax framework.

Click here for full document.

Some corporate tax incentives doled out by Latin American countries significantly reduce their effective tax rates, a new report from the OECD found.

To read the full article, click here (subscription required).

Germany's Bundestag Finance Committee rejected a Greens proposal for a 10 percent digital services tax on big tech, whose German effective tax rate runs about 3.4 percent versus up to 30 percent for domestic firms; the CDU/CSU cited legal concerns and the SPD called it premature. The Greens vow to keep pushing, preferring a coordinated EU-level DST over the U.S.-secured pillar 2 carveout.

Click here for full article.

Microsoft's first public country-by-country report under new EU disclosure rules shows the company concentrated 38.1% of its global pretax profit in its Irish hub, where it employs under 7,000 people but generates pretax profit per employee 13 times the worldwide average. The disclosure, filed because Microsoft's fiscal year ends in late June, offers an early look at how multinationals structure intercompany transactions across jurisdictions ahead of similar reporting requirements taking effect in Australia and under the FASB later this year.

Click here for full article.