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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G7 Backs 'Side-by-Side' Agreement, Exemption for US Parented Groups; OECD Secretary-General Welcomes Breakthrough on Global Minimum Tax
G7 finance ministers have issued a joint statement, released 28 June 2025 by the Department of Finance Canada and the US Department of Treasury, announcing a shared understanding to adopt a "side-by-side system" under OECD Pillar Two. This approach would fully exempt US-parented multinational groups
3 minutes
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 Commission President Ursula von der Leyen in Scotland on 27 July 2025.
3 minutes
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 exports.
1 minute
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 supports a gradual implementation approach, enhanced technical cooperation and adaptable
2 minutes
EU Suspends Retaliatory Tariffs for Goods from US Until 6 August 2025
The European Commission has published Implementing Regulation (EU) 2025/1446 (the Regulation) in the Official Journal of the European Union (OJEU), suspending the application of commercial rebalancing measures previously imposed on imports of certain products originating from the United States.
1 minute
Independence Day One Big Beautiful Bill Ushers In Sweeping Individual and Corporate Tax Changes
President Donald Trump (R) signed the One Big Beautiful Bill (OBBB) Act on 4 July 2025, delivering sweeping individual and corporate tax changes. The law permanently extends the Tax Cuts and Jobs Act rate schedule, boosts the standard deduction, and cements the 20% qualified-business-income
1 minute
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. Wisconsin Labor & Indus. Review Comm'n, U.S., No. 24-154, 5 June 2025). The US Supreme
3 minutes
What is Transfer Pricing and Why Does it Matter?
Transfer pricing refers to the price charged for transferring goods, services, and intangibles between related companies located in different taxing jurisdictions, such as a parent company and its subsidiaries
9 minutes
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 International Taxation'.
2 minutes
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 Aurora - a cutting-edge AI research assistant built specifically for the complex world of
2 minutes
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 journal’s growing academic stature and the consistent efforts of its editorial and publishing
2 minutes
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 following negotiations held in Geneva, Switzerland.
2 minutes
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 imports annually and the elimination of the United Kingdom's 20% tariff on US beef. The
3 minutes
Base Erosion and Profit Shifting - BEPS
What Is Base Erosion and Profit Shifting (BEPS)? Base erosion and profit shifting (BEPS) refers to tax planning strategies that exploit gaps and inconsistencies in tax rules to: Artificially shift profits to
9 minutes
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 on imports to the United States as a result of its retaliatory actions," though it does not
1 minute
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 Imported Automobiles and Parts, Citing National Security Concerns (27 March 2025)).
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 addition, beginning 9 April 2025, reciprocal country-specific tariffs ranging from 11% to 50%
4 minutes
