2026

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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