As tax policy discussions continue to evolve, advisers of high-net-wealth individuals and families should focus on building plans that can hold up under change, which means prioritizing flexibility and coordination across teams, say Wilmington Trust’s Karin Christenson and Lisa Ligas.
States should consider identifying and nominating low-income communities in rural areas for designation as qualified opportunity zones in response to the Treasury Department’s latest guidance, Snell & Wilmer’s Marc Schultz says.
This week, experts analyzed how AI is taking over audit functions, the impact of medical cannabis’s rescheduling, and more.
Pro-crypto policy isn’t just about friendlier tax rules and less regulation. Without good data governance, compliance databases can become criminal target lists. To make the US the world’s crypto capital, the Trump administration and Congress must ensure stronger privacy protections, Andrew Leahey says.
When considering government AI use, lawmakers must pause immediate political incentives. This means establishing guardrails for what will best serve the country into the future.
Dr. Glenn DeSouza of Dentons discusses how as fiscal pressures rise and Golden Tax IV rolls out, China is intensifying tax enforcement, placing MNEs under greater scrutiny on transfer pricing, beneficial ownership status, High and New Technology Enterprise status, and R&D super deduction claims.
The OECD has handed tax authorities a robust, treaty-sanctioned framework to attack excessive debt financing, meaning corporate tax directors must ensure every intercompany financial transaction is backed by rigorous analyses, says STI Taxand’s Christos Theophilou.
International tax scrutiny is intensifying, with disputes increasingly focused on intangibles, cross-border structures, and the correct characterization of royalties, says Baker McKenzie’s Antonio Weffer.
Tax professionals must move from passive reliance to active verification. “Human-in-the-loop” verification will preserve the integrity of the tax system, says a visiting adjunct faculty member at Texas A&M University.
While AI can assist with tax drafting and research, it is fundamentally unreliable for tax law because it can invent authority, flatten legal hierarchy, and miss doctrine that depends on purpose, substance, and context, states a Texas A&M visiting adjunct faculty member.
A proper transfer pricing policy can have big operational benefits for a company’s functions—such as cash management, supporting net operating losses, and a company’s capital structure, Cherry Bekaert’s Nelson Yates says.
Companies looking to transfer existing IP from offshore affiliates to US entities, or to place all newly created IP in US affiliates, should know that each choice poses tax and legal challenges.
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