2026

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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