Foreign-owned companies operating in the US want assurance that a new anti-abuse measure in Republicans’ 2025 tax law won’t result in bigger tax bills because of the way it interacts with other parts of the tax code.
The Trump administration wants to boost transparency as part of efforts to scrutinize tax-exempt organizations—an area that’s had bipartisan interest—but Democrats aren’t sure they can trust the oversight will be applied fairly.
Amgen Inc. is facing IRS demands for additional taxes in its dispute with the agency over profits in Puerto Rico, beyond the $10.7 billion that the company has previously acknowledged it may owe.
Dr. Glenn DeSouza of Dentons discusses how as fiscal pressures rise and Golden Tax IV rolls out, China is intensifying tax enforcement, placing MNEs under greater scrutiny on transfer pricing, beneficial ownership status, High and New Technology Enterprise status, and R&D super deduction claims.
The OECD has handed tax authorities a robust, treaty-sanctioned framework to attack excessive debt financing, meaning corporate tax directors must ensure every intercompany financial transaction is backed by rigorous analyses, says STI Taxand’s Christos Theophilou.
International tax scrutiny is intensifying, with disputes increasingly focused on intangibles, cross-border structures, and the correct characterization of royalties, says Baker McKenzie’s Antonio Weffer.
The IRS has released Internal Revenue Bulletin 2026-19. [IRB 2026-19, 05/04/26]
The Chief Counsel’s Office advised on whether a taxpayer may retroactively change its cost allocation method for controlled services transactions and claim the adjustment as a setoff under Treas. Reg. ...
The U.S. Court of Appeals for the Tenth Circuit affirmed the district court’s ruling that a multinational corporation’s four-step transaction series, known internally as “Project Soy,” lacked economic substance and ...
Since President Donald Trump took office, the IRS has faced transformative changes, including a substantial reduction in its workforce and the appointment of seven different commissioners or acting commissioners.
The Czech government approved Monday a legislative proposal for the 2027 relaunch of electronic sales reporting to tax authorities.
Prime Minister
Australia will limit a tax discount aimed at encouraging purchases of electric vehicles as the center-left government looks for savings in next week’s budget.
The Emirati Federal Tax Authority May 1 announced the May 28 deadline to file VAT returns. [United Arab Emirates, Federal Tax Authority, 05/01/26]
The Mexican Official Gazette April 30 published Agreement Nos. 63/2026 and 64/2026, setting tax incentives for: 1) companies engaging in the production and sale of gasoline products within an area ...
The Mexican Official Gazette April 30 published Agreement No. 62/2026, setting the amounts and rates of the tax incentives for automotive fuel production and related services, from May 2 to ...
The South African Revenue Service Dec. 10, 2025, announced the May 2026 tax calendar, with filing and payment deadlines for various taxes. The calendar includes the deadlines of: 1) May ...
The Czech government approved Monday a legislative proposal for the 2027 relaunch of electronic sales reporting to tax authorities.
Prime Minister
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