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This Week in Tax

Direct Tax
EU flag large
This week in tax: EU nations drop US pillar two carve-out objections
The climbdowns pave the way for a side-by-side deal to be concluded this week, as per the US Treasury secretary’s expectation; in other news, Taft added a 10-partner tax team
Sam Sholli, December 19 2025
Direct Tax
Pillar two is revising global tax competition with a 15% minimum tax rate
This week in tax: China adds to growing list of US pillar two carve-out dissenters
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap
Sam Sholli, December 12 2025
Direct Tax
Estonia EU
This week in tax: Estonia urges EU pillar two repeal, cites US unfairness
‘We did not expect to carve out big economies from the minimum tax system’, Estonia’s finance minister said; in other news, Blick Rothenberg has acquired The Vat Consultancy
Sam Sholli, December 05 2025
Direct Tax
G20 South Africa
This week in tax: G20 leaders commit to addressing pillar two concerns
They also warned against an ‘unnecessary duplication of efforts’ in UN tax convention negotiations; in other news, White & Case has hired Freshfields’ former French tax head
Sam Sholli, November 28 2025
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