Lauren Vella

The number of advance tax deals finalized with the IRS on intercompany transactions surged in 2023, although new applications for the agreements fell, the IRS reported Friday.

The new 15% global minimum tax that took effect this year is turning out to be compliance beast.

The global minimum tax is turning out to be a huge compliance hurdle for many multinationals, especially those with subsidiaries spread out in hundreds of cities across the globe.

Six months into implementation of the new global corporate minimum tax, countries are racing to craft incentives to attract and maintain outside investment. Companies, too, are pouring resources into complying with the tax.

Countries are under pressure to finalize and sign the text of the OECD’s multilateral tax treaty, one part of the international tax deal known as Pillar One, by the end of June.

Negotiators have blown past their latest, critical deadline for agreement on a major part of the OECD-led global tax deal, forcing focus on the very real possibility of failure.

Puerto Rico could forgo $3.6 billion a year in tax revenue from multinational corporations' subsidiaries if the US territory doesn't implement the global minimum tax framework, a local policy group estimated.

An overwhelming majority of C-suite executives say that generative artificial intelligence is critical to addressing compliance challenges brought on by the global minimum tax.

An Australian Parliamentary panel recommended the country’s government consider enacting a digital platform levy on Big Tech companies like Meta Platforms Inc. and Google to support media outlets.

US companies are ramping up their efforts to lobby Congress on the international tax provisions they’d like to see in a comprehensive 2025 tax bill.