News

Still At The Table: Updates On The OECD Global Tax Project
In this episode of Tax Notes Talk, Tax Notes chief correspondent Stephanie Soong discusses how the Trump administration’s tax ...
JD Supra4d
New Section 899 – Enforcement of remedies against unfair taxes
On May 12, 2025, the House Ways & Means Committee released legislative text for a new code section 899 designed to impose retaliatory tax ...
JD Supra6mon
Jersey Adopts OECDs Global Minimum Tax Rate of 15%
Jersey has passed legislation to implement the OECD's global minimum tax rate of 15%, known as "Pillar 2", which will apply for fiscal years commencing on or after 1 January 2025. Pillar 2 is an ...
US Foreign Tax Strong Enough to Stand Alone, Official Says (1)
The US tax system is robust enough to monitor companies’ profit shifting, and where the US is tracking income, the global ...
Hosted on MSN10mon
Budget may include implementation of global minimum corporate tax rate
Budget Tax Announcements: Finance Minister Nirmala Sitharaman may declare India's commitment to 'Pillar 2', aiming to implement a global minimum effective corporate tax rate of 15%, during the ...
International Tax Review10d
Canada’s new government could bow to US pillar two pressure
Following his Liberal Party’s election victory, one source expects Mark Carney to follow the international consensus on ...
The Star5d
Getting ready for global minimum tax rules
ON Dec 30, 2023, Malaysia enacted law to introduce Pillar Two global minimum tax (GMT) rules for large multinational ... Two-Pillar Base Erosion and Profit Shifting 2.0 Global Anti-Base Erosion ...
CFO.com17d
82% of finance and tax leaders expect increased public tax disclosure in 2-3 years
As regulators worldwide push for greater tax transparency, CFOs face mounting pressure to prepare for complex disclosures and external assurance.
The Star13d
Managing the global minimum tax environment
Pillar Two, otherwise known as the Global Anti-Base Erosion (GloBE) rules, applies to MNEs with a global turnover of at least €750mil, ensuring they face a minimum effective tax rate (ETR ...
Independent Online4mon
Global Minimum Tax Act explained: What it means for you and your business
The introduction of the Global Minimum Tax Act (GMT Act ... Shifting (BEPS), the GMT Act reflects the principles of the Pillar 2 proposals by setting an effective minimum tax rate of 15% for ...
Khaleej Times4mon
Pillar 2 implementation in UAE: One step at a time
Given this foundation, the adoption of the global minimum tax under Pillar 2 comes as no surprise. It aligns seamlessly with the UAE's deliberate strategy of making incremental yet impactful moves ...
Hosted on MSN11mon
Pillar 1 Tax Deal: What It Means For Multinational Corporations? All You Need To Know
According to Reuters report, Yellen highlighted China's minimal involvement in the negotiations to finalize "Pillar 1" of the ... of the deal, a 15% global minimum tax on corporate profits ...