IBFD Knowledge Hub
Tax Insights and News at Your Fingertips
Check out our latest updates, reports and more from our team of tax experts
Welcome to the IBFD Knowledge Hub. Here, you have free access to a selection of tax articles written by the IBFD Knowledge Centre - our department of tax experts. In these articles, we cover current tax topics - tapping into tax trends and global conversation.
The IBFD Knowledge Hub is divided into 'Tax News' and 'Tax Insights', to help you find the tax updates you're looking for. Stay in the loop and browse them now.
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US Escalates Trade Measures with 245% Tariff on Chinese Imports Amidst New National Security Push on Critical Minerals
In a 15 April 2025 Fact Sheet, the United States government announced that the tariffs imposed on Chinese imports have risen to 245%. The Fact Sheet explicitly states that "China now faces up to a 245% tariff
2 minutes
Canada Strikes Back As US Tariffs on Foreign Autos Take Effect, Imposes 25% Duties on US Vehicles and Parts
Canada will impose its own 25% tariffs on certain US vehicles and auto parts in response to a 25% duty on foreign automobiles that came into effect on 3 April 2025 (see United States to Impose 25% Tariff on
2 minutes
Trump Administration Rolls Out Sweeping 10% General Tariff on All Imports, Reciprocal Elevated Duties Targeting EU, 53 Other Countries
Effective 5 April 2025, the United States will impose a general 10% ad valorem tariff on all imports, subject to limited exceptions for national security-sensitive goods and other specified exclusions. In
4 minutes
A Guide to Mergers and Acquisitions
Understanding Mergers and Acquisitions Mergers and acquisitions refer to business transactions in which businesses are combined. Mergers occur when two or more companies join to form a single new legal entity
13 minutes
Celebrating the Women of IBFD
Our "Celebrating the Women of IBFD" series highlights the inspiring stories of the remarkable women who help shape our organization. Through these interviews, we recognize their achievements, unique experiences
1 minute
Court Filing Alleges Unlawful Access to Taxpayer Data by US DOGE Service
The Center for Taxpayer Rights (CTR) and several other plaintiffs have filed a complaint against the Internal Revenue Service (IRS) and US Department of the Treasury, among others, alleging unlawful access to
2 minutes
Treasury and IRS Finalize Clean Hydrogen Production Tax Credit Regulations
The Department of Treasury and the IRS have finalized regulations implementing the credit for the production of clean hydrogen and certain provisions pertaining to the energy credit under the Inflation
3 minutes
DOJ Asks Supreme Court to Lift Block on CTA After Beneficial Ownership Information Reporting Was Halted
The US Department of Justice has filed a petition with the US Supreme Court, asking the court to overturn an injunction that currently blocks the enforcement of the Corporate Transparency Act (CTA), or to limit
3 minutes
FinCEN Extends Beneficial Ownership Information Reporting Deadlines
The Financial Crimes Enforcement Network (FinCEN) of the US Department of Treasury has extended beneficial ownership information (BOI) reporting deadlines to provide businesses adequate time to meet their
2 minutes
The History of Taxes in the United States: A Timeline
Taxes are a fundamental part of any government's operations, used primarily to raise revenue and finance public services. The intricate history of taxes in the United States sheds light on significant political
4 minutes
Navigating US Taxation with a Global Perspective
In today's interconnected world, as businesses go global and individuals become more mobile, understanding the intricacies of US taxation within an international framework becomes crucial.
7 minutes
Decoding Digital Services Taxes: A Comprehensive Guide to the OECD's Proposal
The digital economy has taken the world by storm, leading to inevitable tax challenges. Governments and organizations worldwide have grappled with the emergence of digital companies that have revolutionized how
5 minutes
Biden Signs Federal Disaster Tax Relief Act of 2023 and VETT Act to Provide Targeted Tax Relief for Disaster Victims and Veterans
President Joe Biden (D) has signed two significant tax relief measures aimed at supporting disaster victims and veterans. The Federal Disaster Tax Relief Act of 2023 ( H.R. 5863) will provide tax relief to
3 minutes
The 15% Corporate AMT: What You Need to Know
What is the Corporate Alternative Minimum Tax? The Inflation Reduction Act (IRA) of 2022 created the Corporate Alternative Minimum Tax (CAMT), which imposes a 15% minimum tax on the adjusted financial statement
6 minutes
What is a Tax Treaty Benefit and how can it help you?
What do US income tax treaties do? The United States (US) has income tax treaties with a number of foreign countries. An income tax treaty between the US and a particular foreign country can lower, or even
6 minutes
Inflation Reduction Act's Clean Energy Tax Credits: What the IRA Hopes to Accomplish
Clean Energy Tax Credits get a boost in new Climate Law In response to the escalating climate crisis, the Inflation Reduction Act has introduced substantial reforms to clean energy tax credits. These reforms
4 minutes
New Reporting Requirement for Beneficial Ownership Information: What You Need to Know
What is the beneficial ownership information reporting Requirement? Effective January 1, 2024, the Corporate Transparency Act (CTA) mandates that many US companies must disclose their beneficial owners, meaning
5 minutes
The Economic Nexus Revolution: Navigating the Wayfair Era for Remote Sellers and Marketplace Facilitators
The advancement of our modern world, and the emergence of the digital age, brought about increased occurrences of untaxed online sales and with it a pressing need to re-evaluate US state sales tax nexus laws
6 minutes