The OECD has made some progress in discussions with the US over the organization’s drive against tax evasion. After a meeting of the OECD’s Forum on Harmful Tax Practices in June, the US expressed its support for some of the proposed measures to combat tax evasion. However, the OECD may need to compromise on some of its demands to win full US support for the initiative
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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