As many governments face significant financial deficits, taxpayers are seeing an increase in efforts by fiscal authorities to tax the activities of foreign companies in their jurisdiction. Expanding the definition of what is considered a permanent establishment of a foreign company is part of this trend.
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The flagship 2025 tax legislation has sprawling implications for multinationals, including changes to GILTI and foreign-derived intangible income. Barry Herzog of HSF Kramer assesses the impact
Rolling out the global minimum tax has increased complexity, according to Baker McKenzie; in other news, Donald Trump has announced a 25% tariff on countries doing business with Iran