2026

New public tax transparency directives risk having a “negative effect” on policy, the OECD’s top tax official said, but reducing disparities in their implementation could improve their usability.

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For some U.S. brands seeking a location for their factories, the economic logic is once again pointing to China.

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Herzfeld examines Siemens and Keysight, two recent cases in which courts invalidated regulations on extraordinary dispositions and the global intangible low-taxed income regime in light of Loper Bright.

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Digital services and digital advertising taxes in Austria, France, Italy, Spain, and the United Kingdom raised roughly $3.6 billion in 2025 — a record and a 20 percent jump over 2024 — according to a July 23 CCIA report urging the Trump administration to act under section 301. Trump announced a section 301 investigation against the EU on July 24 after threatening 100 percent tariffs in June, but member states are pressing ahead: Poland's DST bill nears the formal legislative process, Belgium's program contemplates one by 2027, and the European Parliament is pushing an EU-wide DST as a budget own resource, with an Irish presidency compromise text due in October.

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The European Economic and Social Committee endorsed the tax provisions of the EU's proposed 28th regime in an opinion transmitted to the council July 24, welcoming a common nondiscriminatory framework for stock option schemes and the deferral of taxation until the shares are sold. But the advisory body warned that the regulation's article 114 legal basis creates uncertainty for founders and investors — echoing the council's legal service, which cautioned in June that the CJEU could annul the measure unless article 50 is used — while the Irish presidency's July 18 compromise text left the basis untouched.

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Two importers asked the U.S. Court of International Trade on July 24 to block the section 301 tariffs the USTR announced a day earlier, arguing in Burlap and Barrel Inc. v. Greer that a targeted, country- and practice-specific remedial authority cannot support 10 percent to 12.5 percent duties on 60 trading partners covering 99.4 percent of U.S. imports. The complaint — filed by the Liberty Justice Center, which litigated the IEEPA challenge in V.O.S. Selections — contends the USTR set rates tracking the invalidated IEEPA program and assembled economy-specific findings afterward, pointing to Bessent's statements on preserving tariff revenue as evidence the action is a replacement for the section 122 tariffs that expired July 24.

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Even before the rise of artificial intelligence, the case for raising the corporate tax rate was compelling. Now, it’s overwhelming.

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President Donald Trump threatened new tariffs on products from the European Union in retaliation to the bloc’s $1 billion (€890 million) fine of Alphabet Inc.’s Google.

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The July 21 U.N. framework convention draft softens earlier commitments on harmful tax practices, high-net-worth individual taxation, and fair allocation of taxing rights, replacing binding language to "develop and implement measures" with softer cooperation and information-sharing commitments, apparently in response to OECD countries' demands. The draft, to be discussed alongside two protocols at the August 3-13 New York negotiating session, preserves signatories' ability to renegotiate existing tax treaties where necessary while clarifying the convention won't automatically override prior bilateral or multilateral agreements.

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Squire Patton Boggs' Jefferson VanderWolk, in a July 20 letter to the editor, argues declining OECD pillar 2 revenue estimates—from $150 billion in 2021 to just $91-155 billion now—raise doubts about whether the regime justifies its steep compliance and administrative costs, especially since many in-scope companies' compliance spending exceeds their actual top-up tax liability. VanderWolk contends the side-by-side package has let U.S. multinationals largely escape pillar 2, undercutting the original stated goal of ensuring digital giants "pay their fair share," and suggests countries might be better served pursuing pro-growth, lower-tax policies instead.

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