2026

EU countries will urge negotiators at the United Nations to use consensus-based decision-making for developing its tax treaty and ensure it won’t replace existing international tax agreements, especially those brokered at the OECD.

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The OECD's July 21 Corporate Tax Statistics report found average statutory corporate tax rates across inclusive framework jurisdictions held steady at 21.2 percent, matching 2025 and signaling an end to the decades-long global race-to-the-bottom trend, with 113 jurisdictions now at lower headline rates than in 2000. The report flagged a slight uptick in indicators suggestive of profit-shifting mismatches—more pronounced in investment hubs—while corporate tax revenues as a share of GDP dipped slightly from 2022 but remained above pre-pandemic and pre-2008 crisis levels.

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Poland's DST bill will soon enter formal legislative process after weeks of consultations, Deputy Digital Affairs Minister Dariusz Standerski said July 19, with the government projecting roughly PLN 1.7 billion ($448 million) in first-year revenue, rising to PLN 3 billion in later years. Despite U.S. retaliation threats and President Nawrocki's anti-tax campaign pledge, Standerski framed the levy as targeting undertaxed digital business models broadly—not just U.S. firms—while offering relief mechanisms letting companies offset DST liability against corporate income tax already paid, plus investment and R&D credits.

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Shaheen questions the legal basis for elements of the 2022 foreign tax credit regulations, supporting the reconsideration of the regs by Treasury and the IRS.

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A major cryptocurrency trade group is asking an Illinois court to block the nation’s first state tax on digital asset transactions, describing it as discriminatory, unconstitutional, and prohibited under federal law.

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The OECD is planning a framework that would reduce the number of corporate audits. But this hardly turns a blind eye to potential misbehavior. Instead, it recognizes a new approach between governments and large multinational enterprises based on greater transparency and mutual respect.

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Investors and tax-advocacy groups have long suspected that companies use “tax havens” to cut their tax bills — parking profits in or shifting profits to countries with low tax rates or no taxes at all. Now they’re getting some evidence of who might be doing it, and where.

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The OECD convened more than 50 officials from finance ministries and tax administrations across the Asia-Pacific region to discuss implementation of Amount B. The roundtable addressed its potential benefits and implementation challenges, impact-assessment tools, and technical assistance aimed at improving tax certainty and reducing administrative and compliance burdens, particularly for low-capacity jurisdictions.

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A July 17 IMF working paper found destination-based VAT is the "most coherent and least distortionary" way to tax cross-border digital services, capable of raising up to 12 percent of tax revenue in advanced economies versus less than 0.1 percent from DSTs. The paper examined alternatives like nexus rules, U.N. treaty provisions, and withholding taxes, concluding that without deeper multilateral reform, countries will keep layering "imperfect adaptations" onto the existing system.

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