EU Plans Lower Taxes on Clean Energy in Drive to Cut Power Bills

The European Union is developing plans to cut taxes on renewable energy and make electricity systems more flexible as high costs continue to weigh on the region’s economy.

Firm Tells IRS to Scrap ‘Outdated’ Inbound Transactions Rules

Current US rules governing the tax treatment of inbound corporate transactions are outdated and can block foreign companies that would like to become American, law firm Sullivan & Cromwell told the IRS Friday, urging removal of the regulations entirely.

Texas Instruments Fights $48 Million Foreign Intangible Tax Bill

Prominent global producer of analog semiconductors Texas Instruments, Inc., is suing the IRS, alleging the agency incorrectly adjusted its deductions taken for foreign-derived intangible income.

Hungary Guides on Global Minimum Tax Reporting, Info Exchange

The Hungarian tax and customs authority published guidance Thursday on how global minimum tax reporting and related international information exchange under EU rules will operate for in-scope entities.

Wealth Taxes Risk UK Growth for Little Revenue, Analysis Finds

Proposals to increase wealth taxes by those vying to become the next UK prime minister risk raising little extra revenue and could hit economic growth, according to new analysis.

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Montenegro Releases Draft Bill to Ratify Air Services Agreement With Saudi Arabia

The Montenegrin Government June 4 released a draft bill to ratify the air services agreement with Saudi Arabia, signed June 27, 2025. [Montenegro, Government Portal, 06/04/26]

Argentina Treasury Posts Synthesized Text of DTA, Protocol With Spain

The Argentine Treasury June 5 posted a synthesized text of the 2013 DTA and protocol with Spain, and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base ...

Belarus Gazettes Text of DTA With Jordan

The Belarusian Official Gazette June 4 published the text of the DTA with Jordan, signed Dec. 16, 2025. [Belarus, Government Legal Database, 06/04/26]

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South Africa and Nigeria Drive AI-Enabled Transfer Pricing Audits

Robust taxpayer protection policies, transparent AI governance, strong data integrity practices, and meaningful human oversight are essential to ensuring that digital transformation enhances rather than undermines fairness, KPMG practitioners, Christian Wiesener, Barbara Mbaebie, and Akaoma Osele, say.

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Matt Levine’s Money Stuff: No SpaceX in the S&P

Matt Levine discusses universal basic AI stocks, public markets are the new private markets because of their reliance on private markets, an ETF tax break, and some of the potential of prediction markets.

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