2026
New Tax Disclosures Paint a Murky Picture Whose Impact Remains to Be Seen
Professor Herzfeld examines the first reporting season under FASB’s expanded income tax disclosure rules. The article highlights that the new disclosures provide greater detail regarding companies’ federal, state, foreign, and jurisdiction-specific tax payments. The article connects financial accounting disclosures to broader debates over income tax policy and examines the impact of FDII, research credits, energy credits, Pillar 2, foreign tax rules, and other statutory incentives on corporate effective tax rates.
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What Would Tax Policy Under Reform UK or Green Party Look Like?
The article contrasts Reform UK’s proposed tax cuts with the Green Party’s wealth tax and previews how smaller parties might influence tax debates. Reform UK’s platform emphasizes lower taxes on businesses and individuals, while the Green Party would shift more of the tax burden onto wealth, capital gains, and high-income taxpayers.
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Global Workforce Mobility: Key Issues and a Path Toward Tax Certainty
The article analyzes how remote, hybrid, and digital nomad work, as well as employer-of-record models, create new tax challenges, including those related to personal income tax, permanent establishment, profit attribution, and transfer pricing. The authors argue that existing treaties and OECD frameworks assume traditional work patterns, leading to uncertainty over presence tracking, withholding, PE risk, and profit attribution for home-office PEs.
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Blockbuster Oil Company Profits Revive Calls for Windfall Tax
Rising energy profits have renewed debates over windfall taxes in Europe and beyond. This article examines how governments consider taxing extraordinary gains in globally integrated industries. It reflects broader tensions between revenue generation, investment incentives, and international competitiveness.
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Meta, Qualcomm Book Multi-Billion-Dollar Tax Benefits From Treasury Rule.
A Treasury rule is allowing companies like Meta and Qualcomm to claim billions in tax benefits, highlighting how regulatory changes can significantly affect the taxation of multinational income. The development raises questions about how cross-border earnings are classified and the extent to which Treasury guidance shapes corporate tax outcomes.
Here Are the Countries and Products Subject to Tariffs Now
This article looks at the current state of U.S. tariffs after a Supreme Court decision struck down parts of earlier trade measures. It explains how the administration is adjusting tariff policy across different trading partners and industries.
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Corporates Can Find Ways to Maneuver Around Global Minimum Tax
The OECD’s global minimum tax was billed as a landmark change to curb corporate tax avoidance. A 15% effective tax rate on multinational groups with revenues over €750 million ($883 million) was supposed to reduce the advantages of shifting profits to low-tax jurisdictions.
CBO Chief Says Tariff Changes May Boost Deficit $1.1 Trillion
Recent shifts in US tariff policy may add $1.1 trillion to federal budget deficits over a 10-year period, though exact calculations aren’t yet possible, according to the director of the nonpartisan Congressional Budget Office.
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