2026
Anthropic CEO Floats Tax on AI Firms to Fund Universal Income (06/11/2026)
Anthropic CEO Dario Amodei called on governments to tax AI companies to fund a universal basic income and introduce employee retention incentives to account for the potential impact the technology could have on the labor market.
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EU Dismisses Digital, Gambling Taxes in Amended Spending Plan
A late effort to include new EU-wide taxes in the bloc’s next budget plan fell through as none of the additional levies—on digital services, crypto assets, and online gambling—were included in the amended proposal.
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EU to Attempt a Deal on CBAM Negotiating Mandate
EU finance ministers are meeting to negotiate an expansion of the Carbon Border Adjustment Mechanism (CBAM) to downstream steel and aluminum products, while strengthening anti-abuse measures against practices like "harmful resource shuffling." However, member states remain deeply divided over potential temporary exemptions, the inclusion of indirect emissions, and how to balance the expansion with existing EU state aid systems.
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Italy Says U.S. Multinational Exclusion Won’t Cut Pillar 2 Revenue
Italy expects to lose approximately €3.02 million in annual revenue starting in 2026 after implementing the OECD's Pillar 2 side-by-side simplification package, driven primarily by a new safe harbor for substance-based tax incentives. However, data from early Pillar 2 collections indicates that other measures in the package—including safe harbors for U.S.-parented multinational groups—will have no measurable fiscal impact on the Italian treasury.
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Pillar 2 and the Constraints of Qualification
Carvalho argues that the repeated use of OECD terms concerning pillar 2 have normalized the acceptance of the global anti-base-erosion model rules through a form of “illusory truth” while constraining domestic tax policymaking.
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The Tax Impact of Replacing GILTI With a Pillar 2 IIR for 85 Large U.S. Corporations
The authors compare the estimated tax impact of global intangible low-taxed income and a pillar 2 income inclusion rule for 85 large U.S. nonfinancial corporations and find that aggregate taxes would have been higher under pillar 2.
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IRS, Canada Agree on World Cup Participants’ Income Allocation (06/10/2026)
Participants of the 2026 FIFA World Cup can use a proportional formula to allocate the prize money and other compensation they receive among the countries hosting the tournament, the IRS said Wednesday.
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Australia’s Tax Proposals Mean No Capital Gain Without Pain (06/10/2026)
Australia is proposing changes to its country’s capital gains framework by expanding what is considered "real property." The proposed law applies retroactively to 2006. Under the proposed laws, real property would be given a broad statutory definition. This broadens the Australian tax base for foreign investors.
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