Isabel Gottlieb

Governments landed agreement on some of the global tax deal’s biggest open issues earlier this month. But major political questions remain.

Taxpayers can temporarily go back to following the former rules on the foreign tax credit in most respects, while the IRS considers whether to modify its newer, controversial standards for claiming the credit.

Countries have agreed to a “transitional safe harbor” that could temporarily protect US companies’ US income from other governments’ application of the global minimum tax.

Many companies are likely to face higher taxes if Switzerland adopts the 15% global minimum tax rules approved in a referendum yesterday—erasing some of the benefits they currently enjoy.

The OECD’s global tax deal is approaching a milestone: The organization expects to see the release this summer of major remaining pieces of the agreement that have been under negotiation.

Brazil’s newly passed transfer pricing bill would give multinationals a choice of adopting the rules a year earlier than the law’s effective date, but there’s a catch: They don’t have clarity on whether they would qualify for foreign tax credits in the US for taxes they pay in Brazil.

Belgium will stop sharing the data of “accidental Americans” with US tax authorities after the country’s Data Protection Authority declared the information transfers unlawful, the government announced Wednesday.

Governments are on track to complete by the end of July a multilateral treaty that would implement a large remaining piece of the OECD-led global tax deal, the organization’s new tax head said.

Countries are working on further guidance on the OECD’s 15% global minimum tax that will address issues related to accounting, as well as timing differences, an official said.

Governments have agreed on the answers to several crucial questions about the OECD’s global minimum tax, helping set the stage for countries to start applying the rules next year.

The landmark 2021 global tax deal is on its way to being implemented with at least the European Union set to apply the 15% global minimum tax next year, and a goal for governments to finish negotiations on the profit reallocation rules in the coming months.

The OECD is considering how to tackle a number of worker mobility and taxation questions, including issues related to transfer pricing, treaties, tax competition and pensions, an official said Monday.

Pascal Saint-Amans, head of OECD’s tax division, is leaving his post at the end of October. Bloomberg Tax’s Isabel Gottlieb sat down with him to ask what he’s doing next, what it will take to get the global tax deal’s Pillar One over the finish line, and the future of international cooperation on environmental taxes.

More than six years of work has produced an agreement to update the global tax system, targeting so-called tax havens and addressing complaints that giant technology companies don’t pay enough. For the first time there would be a minimum corporate tax rate applied around the world, set at 15%, so companies have less incentive to move operations to low-tax jurisdictions. The profits of about 100 of the biggest multinational corporations, including Amazon.com Inc., would be sliced differently for…

Last month saw the resolution of years-long negotiations over a global tax deal, with nearly 140 countries signing an agreement to create a 15% global corporate minimum tax rate and reallocate multinational profits. But the work doesn’t stop there. For this week’s episode of Talking Tax, Isabel Gott…

The OECD-led effort to overhaul how and where multinationals are taxed still has technical details to address before companies understand the full impact of a pact announced last week.

Negotiations among more than 100 countries to overhaul global taxation are facing key questions as rich nations seek to persuade many developing economies to reach a preliminary deal in the next 10 days.

The United Nations will have a final version of its digital tax proposal in late April, a subcommittee of the organization said.

The IRS’s $3.4 billion victory against Coca-Cola Co. signals that the battle with multinationals over how to account for profits from intangible property, like brand trademarks, isn’t going away.

Multinationals could face a complicated set of calculations under the OECD’s plan for making sure they’re paying a minimum rate of tax around the world.