Isabel Gottlieb

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.

Companies that opt in early to Brazil’s new transfer pricing system shouldn’t be denied a US foreign tax credit, a multinational paper manufacturer told Treasury.

Treasury released a notice Friday detailing temporary relief for taxpayers in determining whether a foreign tax is eligible for a foreign tax credit.

Taxpayers can temporarily continue to follow the old rules in most respects on qualifying for the foreign tax credit while the IRS sorts out potential changes to the new, controversial rules, the agency said Friday.

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

Famed corporate litigator Martin Lipton, a prominent advocate of ESG, said corporate boards must weigh business risks from political opposition to ESG among the many factors they consider when acting on sustainability.

Generative artificial intelligence is on the verge of transforming how corporate legal departments deal with routine functions—even as it creates new obstacles that must be navigated.

As companies navigate the murky legal implications and risks of artificial intelligence, they’re also facing an immediate practical problem: Who should take the lead?

Companies are navigating an increasingly complex set of laws for how they collect and use personal information as states diverge in their approaches to boosting data privacy standards.

The Organization for Economic Cooperation and Development released more guidance on the global tax deal’s 15% minimum tax rule Monday, helping clarify more open questions as governments work to implement the rules.