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This Week in Tax

Direct Tax
US flag
This week in tax: US reportedly concedes ground in pillar two side-by-side talks
The US’s GILTI regime will not be forced upon American multinationals in foreign jurisdictions, Bloomberg has reported; in other news, Ropes & Gray hired two tax partners from Linklaters
Sam Sholli, October 31 2025
Direct Tax
Netflix
This week in tax: Netflix shares fall after $619m tax dispute with Brazil
The streaming company’s operating income was $400m below expectations following the dispute; in other news, the OECD has released updates for 25 TP country profiles
Sam Sholli, October 24 2025
Direct Tax
OECD
This week in tax: OECD aiming for US side-by-side pillar two agreement this year
The controversial deal would ‘preserve the gains achieved under pillar two’, the OECD said; in other news, HMRC outlined its approach to dealing with ‘harmful’ tax advisers
Sam Sholli, October 17 2025
Direct Tax
Internal Revenue Serice Sign
This week in tax: Frank Bisignano announced as inaugural IRS CEO
In his newly created role, current SSA commissioner Bisignano will oversee all day-to-day IRS operations; in other news, Ryan has made its second acquisition in two weeks
Sam Sholli, October 10 2025
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