Brazil Seeks OECD Approval for Global Minimum Tax Exemptions
Brazil is awaiting OECD action on its request for exemption from key parts of the global minimum tax framework, following a similar carve-out secured by the US for its multinationals.
Daily Tax Report International
Liberal Wins Open Playing Field for Canada’s Carney on Tax
Canada will likely pursue a more ambitious tax-cutting agenda for companies after the governing Liberal party secured a majority in Parliament, tax professionals said.
UK Top Court Strikes Down Orsted’s Wind Farm Tax Relief
Danish energy giant Orsted isn’t entitled to claim tax relief on spending worth £48 million ($65 million) related to the cost of studies and surveys to build offshore wind farms, the UK Supreme Court said Wednesday.
Russia Shuts Down $13 Billion Tax Fraud, Investigators Say
Russian investigators said they broke up an organized crime group in Moscow that was responsible for more than 1 trillion rubles ($13.3 billion) in tax losses to the state budget, which is already strained by a widening deficit.
Business Input on US Treasury Crypto Rules to Inform OECD Tweaks
The OECD is awaiting the US Treasury’s forthcoming cryptocurrency reporting regulations, which will help “test the waters” on the business community’s outlook on what works and what needs adjustment, a top official said Tuesday.
India Moves to Lure Data Centers Despite Land, Energy Challenges
Despite being among the global leaders in data usage, the country has lagged behind others in building out data center capacity. Industry backers have announced roughly $150 billion in investments that could close the gap.
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View MoreBrazil Announces Proposal to Increase Monthly Minimum Wage Rate for 2027
The Brazilian Government April 15 announced a proposal to increase, to 1,717 Brazilian reals (US$345) from 1,621 reals (US$325), the monthly minimum wage rate for 2027. The announcement also includes ...
Hong Kong Tax Agency Announces Filing Deadline, Requirements for Employer’s Return of Remuneration, Pensions
The Hong Kong Inland Revenue Department April 16 announced the filing deadline and requirements for Form BIR56A, Employer’s Return of Remuneration and Pensions, for the year ended March 31. The ...
Brazil Gazettes Normative Instruction Increasing Social Security Contribution Rates for Rural Producers
The Brazilian Official Gazette April 14 published Normative Instruction RFB No. 2,321, amending Normative Instruction RFB No. 2,110/2022, on increasing social security contribution rates for rural producers. The normative instruction ...
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OECD Working on ‘Integrity Measures’ for Global Tax Deal
The OECD is working on guidance this year that would aim to prevent companies from abusing new global minimum tax rules, a top official said.
Liberal Wins Open Playing Field for Canada’s Carney on Tax
Canada will likely pursue a more ambitious tax-cutting agenda for companies after the governing Liberal party secured a majority in Parliament, tax professionals said.
Critical to Preserve Tax Multilateralism, OECD Official Urges
The next five years are crucial in preserving progress on multilateralism, a top OECD official said as she laid out the case for further global tax cooperation after January’s landmark minimum-tax deal.
Ex-Macquarie Banker Must Stand Cum-Ex Trial, Court Rules
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IRS Releases Rules for Enrolled Agent Exam Fee Reduction
The Treasury Department and IRS released an interim final rule and proposed rule related to reduced fees for the special enrollment examinations for enrolled agents.
Australia Moves to Quell Fears on Retroactive Capital Gains Tax
The Australian tax authority moved Friday to tamp down concerns that it planned a large-scale reopening of old capital gains tax cases, saying that proposed changes to the law would affect very few taxpayers.
PwC Australia Profit Drops, But Fewer Partners Split the Pot
PWC Australia’s annual profit and revenue fell last year as it moved to incorporate AI into its auditing services.
Countries More Interested in Digital Tax Talks, OECD Official Says
Countries are leaning toward further engagement in digital tax talks, a top OECD official said Friday.
Don’t Let Your IP Transfer Pricing Catch You Off Guard
As fast-growing companies expand across borders, failing to align IP ownership with where value is created can trigger significant tax and deal risks.
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AI Chipmaker Cerebras Systems Files Publicly for US IPO (1)
Crypto Executive Misled Investors on Digital Currency, SEC Says
The SEC sued a cryptocurrency executive and his companies, alleging they raised about $16 million from hundreds of investors by making false claims about an insured, asset-backed digital currency called Bitcoin Latinum.
OpenAI Drops Appeal of ‘Cameo’ Trademark Ban After Sora Shutdown
Cursor In Talks to Raise $2 Billion at Over $50 Billion Value
Cursor, a leading artificial intelligence startup for coding, is in advanced talks with investors to raise about $2 billion in a funding round at a valuation of more than $50 billion, not including the investment, according to a person familiar with the matter.
Caitlyn Jenner Memecoin Not a Security, Court Says in Dismissal
A memecoin holder can’t proceed with proposed class claims that Caitlyn Jenner unlawfully sold unregistered securities because the celebrity former athlete’s $JENNER cryptocurrency isn’t a security, a federal court ruled.
Fed’s Waller Signals Caution On Rates, Sees Risk of Longer War
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