Lauren Vella

Italy and France proposed changes to their digital services taxes in their budget processes, potentially increasing the burden on digital companies amid a stalled project at the OECD that would eliminate the use of the levy.

Companies and their advisers want to leverage generative AI to reduce the global minimum tax compliance burden and associated costs, but there’s a mismatch between the tool’s potential and its current data limitations.

Corporate income tax rates across the world stabilized in 2023 after years of decline, according to a new report from the OECD summarizing international taxation trends.

Multinational companies subject to the global minimum tax won’t have the ability to deduct up to hundreds of millions of dollars in losses if the US Treasury finalizes regulations it proposed Tuesday.

The OECD released additional information Monday on global rules meant to simplify transfer pricing methods for certain transactions.

US multinational companies may lose the ability to deduct up to hundreds of millions of dollars’ worth of losses incurred from their income starting this year under the new global minimum tax.

Helping multinational companies comply with the 15% global minimum tax is a mammoth, all-hands-on-deck task that requires coordination within top accounting firms and can’t be accomplished by their tax departments alone.

An OECD framework meant to simplify transfer pricing for some business transactions may take the teeth out of its benefit for so-called low-capacity jurisdictions, according to tax specialists.

A global crackdown on tax avoidance, particularly in the area of transfer pricing, is fueling a rise in demand from multinationals for advance agreements with tax authorities to avoid costly and lengthy disputes.

Michael Plowgian, who left Treasury in December, speaks about what’s next for the global tax deal, how a related multilateral treaty might fare in Congress, and what red lines the US won’t cross in future negotiations.