The US Senate Finance Committee has this week voted 23 to 3 to approve legislation extending more than 50 expired tax breaks, including some of keen interest to large, cross-border businesses such as the research and experimentation tax credit, the subpart F active financing exception, 50% bonus depreciation for qualifying properties, and the look-through treatment of payments between related controlled foreign companies.
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The French administration has used AI to detect undeclared swimming pools and verandas but always includes a human in the loop, the AI in Tax Forum heard
India’s Supreme Court rattled cross‑border structuring with its Tiger Global ruling. Subsequent rule changes narrowed the impact, but significant risks around GAAR, substance and treaty access persist
ITR sat down for a pre-event interview with Tim Zech, WTS Germany, and Jeff Soar, WTS UK, keynote speaker at next week’s ITR AI in Tax Forum 2026 in London