Tariff Refunds Would Spell Nightmare for Related-Company Deals

The possibility that many of President Donald Trump’s tariffs could be ruled illegal has companies salivating at the chance to recoup tariffs already paid—sometimes stretching well into the millions.

EU Mulls Exempting Small Businesses From Various Tax Rules

The European Commission is considering carving out small and medium-sized companies from many of the EU’s tax rules, including the interest limitation rule and the controlled foreign company rule.

Taxing UK LLPs Would Hurt Growth, Accountancy Group Warns

The UK’s expected employment taxes on limited liability partnerships could lower tax collection as professional services firms would look to restructure themselves, an accountancy group warned Thursday.

Tax Head Calls for Certainty on Global Minimum Tax

The business-friendly provisions in the Republicans’ 2025 tax law are welcome, a tax director for a nutrition company said, but certainty on the global minimum tax is paramount.

EU Case Dismissal Points to Paths for Minimum Tax Disputes

The dismissal of Fugro NV’s appeal against global minimum tax rules Thursday clarifies legal options for companies seeking to contest the rules within the EU legal framework, according to tax practitioners.

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Italy Seizes €1.3 Billion Campari Shares in Tax-Fraud Probe

Italian prosecutors ordered the seizure of around €1.3 billion ($1.5 billion) in shares from the holding company that controls the drinks maker Davide Campari-Milano NV, as part of an alleged tax-fraud probe, according to a statement late Friday.

Will the Global Minimum Tax End the Race to the Bottom?

In 2021, 137 countries agreed on a global minimum corporate tax rate of 15% for big global companies. This video explains why countries felt such a tax was needed and how it will work.

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European Court of Justice Issues Advocate General Opinion on VAT Rules for Intra-Community Acquisitions, Supplies

The European Court of Justice (ECJ) Oct. 29 issued an Advocate General opinion for Case T-638/24, on VAT rules for intra-Community acquisitions and supplies. The taxpayer, an Austrian company, purchased ...

Greece Parliament Considers Bill to Provide Middle Class Tax Support

The Greek Parliament Oct. 27 accepted for consideration a bill to provide middle class tax support. The bill includes measures to: 1) reduce individual income tax rates for employment income ...

South Africa Gazettes Notice Extending Pillar 2 Filing Deadlines for Notices, GloBE Information Returns

The South African Official Gazette Oct. 28 published Notice No. 6763, extending filing deadlines related to Pillar Two, for the fiscal year commencing on or after Jan. 1, 2024, but ...

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