Medtronic IP Deal Assigned Transfer Pricing Standard on Appeal

Medtronic Inc.‘s intellectual property deal with its Puerto Rican subsidiary is best priced using the IRS’s proposed method for determining arm’s-length consideration, the Eighth Circuit said Wednesday.

UK Partnership Tax Could Give Reeves £1.9 Billion, Study Says

The UK could raise £1.9 billion ($2.6 billion) a year from lawyers, accountants and financiers by removing an outdated relief for business partnerships, according to a proposal that could help Chancellor of the Exchequer Rachel Reeves as she seeks to fill a black hole in the public finances.

Austria Opposes EU Tobacco, E-Waste Proposals in Budget

The European Commission’s proposals to take a share of revenue from higher tobacco taxes and a new tax on e-waste “don’t tick the boxes,” according to Stefan Imhof, the Austrian finance ministry’s secretary general.

EU Budget Proposes Merging Tax and Customs Funding

The European Commission on Wednesday proposed a rejigged budget that would merge the EU’s funding for single market, customs, tax cooperation and anti-fraud programs.

Sri Lanka Cabinet Defers Digital Service Tax to April 2026

Sri Lanka has deferred the start of a value-added tax on non-resident digital services to April 2026, from the original Oct. 1, cabinet spokesman Nalinda Jayatissa said.

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Will the Global Minimum Tax End the Race to the Bottom?

In 2021, 137 countries agreed on a global minimum corporate tax rate of 15% for big global companies. This video explains why countries felt such a tax was needed and how it will work.

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Peru Gazettes Notice Promulgating MLI

The Peruvian Official Gazette Aug. 23 published a notice promulgating the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), signed June 27, ...

Poland Gazettes Law Amending VAT, KSeF Acts

The Polish Official Gazette Sept. 1 published a law amending the VAT Act and the KSeF Act regarding the mandatory e-invoicing regime. The law includes measures allowing taxpayers obligated to ...

Sweden Gazettes Regulation Updating Lists of Participating, Reportable Jurisdictions for AEOI on Financial Accounts

The Swedish Official Gazette Sept. 2 published Regulation No. SFS 2025:846, updating the lists of participating and reportable jurisdictions for the automatic exchange of financial account information (AEOI). The updated ...

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