OECD publishes new analysis on the economic impacts of the Global Minimum Tax
This OECD announcement presents updated analysis of the economic impact of the Global Minimum Tax, combining new estimates with preliminary evidence from its first year of implementation. It highlights expected increases in multinational effective tax rates, reductions in tax rate differentials and profit shifting, and higher global corporate income tax revenues, while preliminary 2024 data show no statistically significant negative effects on investment or employment. The announcement also places the findings in the context of BEPS reduction and broader international tax cooperation.
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USTR Section 301 Action on Brazil’s Unreasonable Acts, Policies, and Practices
This official USTR announcement imposes a 25 percent tariff on certain Brazilian imports following a Section 301 investigation into Brazilian trade practices. The investigation addressed measures involving digital trade and electronic payment services, preferential tariffs, intellectual property, ethanol market access, and other cross-border trade issues. The action reflects the use of tariffs and trade enforcement measures in response to disputed foreign economic policies.
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UN Tackles Headwinds in Shaping Tech Transfer Pricing Guidance (07/10/2026)
Overcoming data access and personnel limitations is among top challenges for a United Nations effort to help developing countries expand their enforcement of transfer pricing in the tech sector.
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OECD Urges Patience After Rocky Start to Minimum Tax Filings (07/10/2026)
Companies should give the OECD’s latest simplification measures time to work after a difficult first year of compliance with the global minimum tax rules, a senior OECD official said.
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HMRC must better tackle large tax risk of multinationals diverting profits across borders
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Profit-Shifting Risks High Despite Minimum Tax Deal, UK MPs Say
UK lawmakers warn that companies still pose “significantly high” risks of diverting profits despite the new global minimum tax deal and asked the tax authority to share progress on implementation within a year.
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From Sugar Refiners to Norway, Hundreds Aim to Avoid New Tariffs (07/07/2026)
Hundreds of companies, trade associations and foreign governments are asking for their supply chains to be spared as the Trump administration weighs imposing a new round of widespread tariffs later this month.
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US Tariff Threat Is an Ill-Advised Digital Services Tax Reaction (07/07/2026)
President Donald Trump’s threat to impose 100% tariffs on countries with digital services taxes is an attempt to use consumer-funded trade pain to shield big tech from foreign tax bills, rather than a defense of the US tax system. It would be better to move toward a coherent multilateral framework that trades repeal of unilateral DSTs for clear rules on where digital profits can be taxed.
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