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20 results found
Tax News
Tariffs

EU, US Formalize Trade Framework to Enhance Reciprocity and Market Access

The United States and the European Union have formalized the trade agreement reached last month between President Donald Trump and European Commission President Ursula von der Leyen ( see US, EU Strike Landmark
3 minutes
Tax News
Tariffs

US Expands Steel and Aluminum Tariffs to 407 New Products

The United States has expanded its steel and aluminum tariffs under section 232 of the Trade Expansion Act of 1962 to include 407 additional product categories, now subject to a 50% duty. These include wind
2 minutes
EU and USA flags
Tax News
Tariffs

US, EU Strike Landmark 15% Tariff Deal Sidestepping Trade War

The United States and the European Union have reached a sweeping trade framework agreement establishing a 15% reciprocal tariff on most traded goods, announced jointly by President Donald Trump and European
3 minutes
Tax News
Tariffs

European Commission Adopts Regulation to Counter Potential US Tariffs

On 24 July 2025, the European Commission adopted Implementing Regulation (EU) 2025/1564, reintroducing commercial rebalancing measures against the United States in response to ongoing US safeguard tariffs on EU
1 minute
Tax News
Digital Economy

G-24 Supports Net-Income Taxation for Digital Services Over Gross-Based Withholding Taxes

The G-24 has called for a fairer international tax framework for digital services, emphasizing net income-based profit allocation over gross-based withholding taxes. The organization of developing countries
2 minutes
gavel
Tax News
Other Taxes, Case law, Specific Sectors

US Supreme Court Restores Payroll Tax Exemption for Catholic Charities, Strikes Down Wisconsin's Rule

The US Supreme Court has unanimously overturned the Wisconsin Supreme Court's ruling that required the Catholic Charities Bureau to pay unemployment insurance payroll taxes ( Catholic Charities Bureau, Inc. v
3 minutes
IBFD Board of Trustees
Tax News

IBFD Appoints Three New Members to Board of Trustees

The International Bureau of Fiscal Documentation (IBFD) is pleased to announce the appointment of three distinguished experts to its Board of Trustees (BOT), strengthening its position as the 'Home of
2 minutes
Aibidia and IBFD team
Tax News

Aibidia and IBFD Launch TP Aurora: A Groundbreaking AI Transfer Pricing Research Assistant

Aibidia, a leader in digital transfer pricing (TP) software, has teamed up with the International Bureau of Fiscal Documentation (IBFD), a globally respected authority in tax research and data, to launch TP
2 minutes
Clarivate’s Web of Science™
Tax News

World Tax Journal included in Clarivate’s Web of Science™

We are pleased to announce that the World Tax Journal (WTJ) has been accepted for inclusion in the Web of Science™, the world’s most trusted and authoritative citation database. This milestone reflects the
2 minutes
the white house
Tax News
Tariffs

US and China Agree to Temporary 90-Day Tariff Reduction, Slash Rates by Over 100%

On 12 May 2025, the United States and China agreed to temporarily reduce tariffs, easing bilateral trade tensions during a 90-day period. In a Joint Statement, both countries outlined the terms of the agreement
2 minutes
United Kingdom Flag
Tax News
Tariffs

President Trump Announces US-UK Agreement as First Step in Renewed Trade Agenda

The United States and the United Kingdom have agreed to significant tariff concessions under the two countries' Economic Prosperity Deal (EPD), including a 10% preferential tariff on up to 100,000 UK vehicle
3 minutes
Beijing, China
Tax News
Tariffs

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
1 minute
cars
Tax News
Tariffs

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
flag of the European Union
Tax News
Tariffs

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
1040 form
Tax News
Individual Taxation

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
pipes with writing on them
Tax News

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
supreme court building
Tax News
Case law, Corporate Taxation, Other Taxes

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 logo
Tax News

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

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