US relinquishes its ‘safe harbour’ request in digital tax negotiations

March 01 2021

US Treasury Secretary Janet Yellen told the G20 finance ministers that the US will drop its calls for a ‘safe harbour’

Multilateral agreement on digital taxation is more likely now that the Biden administration has removed the Trump-era ‘safe harbour’ requirement on pillar one, but some experts say technical details may still need negotiating beyond July 2021.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Request Access or Login

Topics

News Direct Tax Indirect Tax ITR Magazine Spring 2021 Jurisdictions United States (National)

more across site & shared bottom lb ros

More from across our site

Transfer Pricing

Indian advisory firm Nexdigm strikes partnership with AI-enabled TP platform

Nexdigm has invested in Singapore-based infer360, a TP intelligence product designed by ex-PwC partners

Tom Baker, August 21 2026

Awards

ITR Americas Tax Awards 2026: shortlist announced

ITR is delighted to reveal all the shortlisted nominees for the 2026 Americas Tax Awards

John Harrison, August 20 2026

Indirect Tax

The hidden compliance risk in Brazil's VAT enforcement delay

Despite initial hopes that the reporting obligation had been suspended, compliance challenges brought by Brazil’s indirect tax reform are very much a reality

Sam Sholli, August 20 2026

Direct Tax

The Latin American tax policy landscape in 2026: an overview

As tax authorities embrace AI and governments weigh pillar two reforms, Latin America is developing a more connected and internationally focused tax agenda

Lucas de Lima Carvalho, August 19 2026

Direct Tax

HMRC launches second tax adviser registration phase

Advisers with pre-existing corporation tax or self-assessment accounts must now register or risk enforcement action from HMRC

Tom Baker, August 18 2026

Direct Tax

The increasing importance of ‘economic substance’ under Indian income tax laws

India's tax authorities are increasingly scrutinising the rationale behind cross-border structures

Sanjay Sanghvi, August 18 2026

Direct Tax

Beyond the headlines: Can WTS UK win the battle for tax talent?

Sharmila Sanmugam's move from industry to WTS UK offers an early glimpse into how the fledgling firm hopes to compete with larger rivals

Sam Sholli, August 17 2026

Direct Tax

KPMG Australia confirms settlement with whistleblower who alleged tax division wrongdoing

Historical claims involving KPMG Australia's tax practice have surfaced as the firm battles a separate parliamentary inquiry into its handling of whistleblowers

Sam Sholli, August 14 2026

Direct Tax

Humanoid head with screens of graphs in the background

A taxing week: Democratised insights, inflated rates – the widening value gap in tax advisory

While AI is revolutionising tax work, it is also reshaping clients’ willingness to pay for advice and their perception of the value generated by tax advisers

Jorge Gallardo, August 14 2026

Podcasts

Podcast: Ryan's Tom Shave on acquisitions, competition and PE

From Dhruva Advisors to Svalner Atlas, Ryan is growing fast. Tom Shave discusses consolidation, competition, and tax’s private equity debate

Tom Baker, August 13 2026