2026

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
This official committee item addresses the continuing UK tax risk posed by multinational profit shifting and cross-border diversion of profits. It notes that around £21 billion of the £70.1 billion of tax under consideration in HMRC’s large-business investigations relates to international risks, and discusses how the U.S.–OECD Pillar Two arrangement is expected to reduce UK receipts from the global minimum tax.

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Academics Demand Ireland’s Refusal From EU Presidency Tax Talks
Over 60 European and U.S. academics called in a July 8 letter for Ireland to recuse itself from chairing tax and data protection negotiations during its EU Council presidency, citing the country's "double Irish" tax planning history, the Apple state aid case, and concerns about a Temu-linked corporate structure resembling similar schemes. Finance Minister Simon Harris rejected the criticism July 9, defending Ireland's role as an "honest broker" and its economic model, as the letter joined separate MEP concerns about Ireland's data protection enforcement amid its reliance on concentrated corporate tax revenue.
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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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EU Parliament Adopts Tax Resolution to Promote Competitiveness

Members of EU Parliament adopted a resolution for tax proposals meant to boost competitiveness in the bloc.

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Are AI and ESG Redefining Transfer Pricing Roles in Banking?

Bonnet and Pletz examine how artificial intelligence and environmental, social, and governance rules may challenge traditional transfer pricing models for central entities in banking groups, and they argue that the changes may require reassessing the transfer pricing remuneration of those entities.

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Public Tax Transparency Rules ‘Very Dangerous,’ US Official Says

New tax reporting rules in the European Union for multinationals deter growth and risk creating a “culture of damnation,” according to a US official.

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The Path to Consensus for the U.N. Framework Convention on International Tax Cooperation
Hongler and Breitenmoser preview the fifth negotiating round of the U.N. Framework Convention on International Tax Cooperation, explaining key issues that must be addressed.
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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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