Lauren Vella

Recent guidance released by the IRS on what kinds of foreign-earned income qualify for a highly lucrative tax deduction underscores Republicans’ goal of rewarding companies for keeping IP in the US, tax practitioners say.

The IRS on Wednesday finalized rules on how certain derivative payments are treated under the US base erosion tax.

A small change made by the $3.4 trillion Republican tax-and-spending law is putting a lucrative tax deduction at risk for certain kinds of digital assets sold overseas, and tax professionals are looking to the IRS for answers.

The Trump administration notched a major win for US companies on Monday, securing a commitment from international negotiators at the OECD to exempt them from key provisions of the global minimum tax.

Countries besides the US want in on an exemption from the global minimum tax, a top OECD official said Tuesday.

It’s time to step back and assess prior work undertaken at the OECD to tax the digital economy, a top US Treasury Department official said.

Countries involved in global tax talks at the OECD are developing a process to determine whether jurisdictions have appropriately applied the global minimum tax rules into their local laws.

The Federal Court of Australia on Monday threw out an assessment from the tax authority’s commissioner that a subsidiary of Shell plc owed an additional A$99 million ($72 million) in capital gains taxes after disposing of another company’s shares.

A big part of the challenge in taxing AI is trying to figure out exactly what to tax. Several concepts have been discussed, but few are well defined.

Like tourists who come for the koalas but keep finding spiders and snakes, companies lured to Australia’s singular market are navigating a flip side of doing business Down Under: the Australian Taxation Office.