Meta, Qualcomm Book Multi-Billion-Dollar Tax Benefits From Treasury Rule.
A Treasury rule is allowing companies like Meta and Qualcomm to claim billions in tax benefits, highlighting how regulatory changes can significantly affect the taxation of multinational income. The development raises questions about how cross-border earnings are classified and the extent to which Treasury guidance shapes corporate tax outcomes.
Here Are the Countries and Products Subject to Tariffs Now
This article looks at the current state of U.S. tariffs after a Supreme Court decision struck down parts of earlier trade measures. It explains how the administration is adjusting tariff policy across different trading partners and industries.
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Corporates Can Find Ways to Maneuver Around Global Minimum Tax
The OECD’s global minimum tax was billed as a landmark change to curb corporate tax avoidance. A 15% effective tax rate on multinational groups with revenues over €750 million ($883 million) was supposed to reduce the advantages of shifting profits to low-tax jurisdictions.
CBO Chief Says Tariff Changes May Boost Deficit $1.1 Trillion
Recent shifts in US tariff policy may add $1.1 trillion to federal budget deficits over a 10-year period, though exact calculations aren’t yet possible, according to the director of the nonpartisan Congressional Budget Office.
Expenditure-Based Investment Tax Breaks Have Merit, OECD Says
Expenditure-based investment tax incentives can provide more value for money than income-based incentives and should be considered by policymakers as the basis for new incentive design, the OECD said. See OECD Guide to Investment Tax Incentives
EU Signals Limits to Pillar 2 Simplification Push
Teaser: The article discusses the European Commission’s warning that OECD pillar 2 simplification efforts must remain compatible with the EU pillar 2 directive because there is no short-term plan to amend the directive. Additional simplification may be possible through safe harbors, but only if those safe harbors fit within EU law, including Article 32 and the framework used for the U.S. side-by-side package.
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Circular AI Deals Threaten to Trip Transfer Pricing Rules
The growing web of circular deals among billion-dollar companies funding AI’s explosive growth is feeding investor worry about a massive bubble. For corporate tax departments there’s another concern, maybe unrecognized: the risk of transfer pricing regulation.