2026

Reframing Digital Tax: Next Up, AI

Herzfeld argues that international tax policy debates remain focused on the digital economy even as artificial intelligence is reshaping how businesses generate profits. The rise of AI challenges core tax concepts such as permanent establishment, nexus, and the transfer pricing framework built around DEMPE functions and human value creation. She suggests that massive investments by U.S. tech companies in AI infrastructure and the growing role of proprietary data may require policymakers to rethink how taxing rights and profits are allocated globally.

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Bringing It Home: New Tax Law Draws Companies’ IP Back to US

Several American multinationals are moving forward with plans to bring their valuable intangible property back home, enticed by new tax benefits the US has to offer.

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Mike Pence Group Chides Trump Tariffs for Hurting US Job Market

President Donald Trump’s fluctuating tariffs have weighed down US job growth with rising costs and uncertainty for companies, according to a new memo from the group founded by former Vice President Mike Pence.

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HMRC Issues Paper on Corporate Tax Regime Reforms

HM Revenue & Customs released a policy paper outlining reforms to the U.K.’s advance corporation tax (ACT) regime aimed at simplifying the treatment of surplus ACT balances. The measure will remove the “shadow ACT” rules that previously restricted companies’ ability to offset unrelieved ACT balances against corporation tax liabilities. Effective for accounting periods ending on or after April 1, 2026, the reform is expected to simplify corporate tax compliance and allow companies to utilize remaining ACT credits more efficiently.

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How the Dash to Collect Tariff Refunds Will Play Out

A judge’s decision has raised hopes for businesses seeking refunds on tariffs they paid, but it may take months before companies actually receive the money.

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US Tax Carveout Is a Good Step Toward Needed Cross-Border Work

EU members are beginning to implement the side-by-side agreement reached by the G7 last year—a deal that put the US and OECD global minimum tax frameworks on equal footing. This is an important step in international economic relations, which have been frayed by hostility over discriminatory policies.

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Judge Orders Government to Begin Refunding More Than $130 Billion in Tariffs

Thousands of companies filed lawsuits to reclaim tariffs after the Supreme Court invalidated the duties, forcing the government to begin refunding billions.

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US Firms Likely to See Relief From Global Minimum Tax Dilemma

American companies are feeling the pinch of the global minimum tax, but their bills will shrink after a US exemption from the levy kicks in and countries begin to offer new tax incentives to maintain foreign investment.

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The Unexpected Winners From Trump’s New Global Tariff

The president’s flat 10 percent tariff on imports could reshape global trade patterns, benefiting some countries that previously faced higher tariff rates while raising questions about the broader impact on imports.

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Sales of Heavy Equipment Fall Under Tariff Pressures

An industry report shows that tariffs, high interest rates and reduced infrastructure spending are slowing growth and reducing jobs in the heavy equipment manufacturing sector.

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