OECD Transfer Pricing Update Stirs Concern About Data Demands

The OECD’s proposed changes to its transfer pricing guidelines might prompt governments to push further into companies’ business activities, tax professionals say.

McKesson Tax Bill is Justified Even With Loper Bright, DOJ Says

The IRS has the authority to impose a rule that led to a $9.6 million tax bill against McKesson Corp., and a key Supreme Court ruling weakening agencies’ rulemaking authority doesn’t change that, the Justice Department says.

Liberty Global Wants Redo of Its $110 Million Tax Refund Appeal

Liberty Global is asking for the entire Tenth Circuit to rehear its $110 million tax refund appeal, arguing that a panel decision against the telecommunications company will cause broad confusion for taxpayers.

Barclays Loses VAT Appeal Over Subsidiary’s UK Presence

A UK tribunal rejected an appeal by Barclays entities seeking tax savings, including a one-off £21 million ($28 million) benefit, by adding a US subsidiary to their UK value-added tax group.

Singapore Plans to Implement Global Minimum Tax Exemption Pact

Singapore is seeking public comment on its planned implementation of a January agreement that exempts US companies from key parts of the global minimum tax.

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Singapore Tax Agency Updates Guidance on GST Treatment of Gifts, Samples

The Singaporean Inland Revenue Authority June 4 updated guidance on the GST treatment of gifts and samples. Topics covered include: 1) businesses aren’t required to account for output GST on ...

France Administrative Court of Appeal Clarifies Input VAT Deductibility, Audit Procedure, Treatment of Fictitious Invoices

The French Administrative Court of Appeal of Paris May 29 issued Decision No. 25PA00482, clarifying input VAT deductibility requirements for subcontractor invoices. The taxpayer, a private security services company, challenged ...

Mexico Gazettes Agreement Setting Amounts, Rates of Tax Incentives for Fuel Production, Related Services

The Mexican Official Gazette June 5 published Agreement No. 85/2026, setting the amounts and rates of the tax incentives for automotive fuel production and related services, from June 6 to ...

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Michigan, Canada Plan Opening of Bridge Trump Wanted Blocked

Officials in the US and Canada are planning a ribbon-cutting ceremony in the coming days for a new C$6.4 billion ($4.6 billion) bridge linking Michigan to the province of Ontario, which President Donald Trump threatened to block earlier this year.

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Can OpenAI and Anthropic Deliver on IPO Hype?: Explainer

SpaceX’s plan for a massive initial public offering has been the talk of the investing world this spring. Yet the confetti will barely have been swept off the floor of the Nasdaq when listings from OpenAI and Anthropic PBC get going. The firms, which are among the most influential in artificial intelligence, are expected to go public as soon as the fall.

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