Now that Brazil has officially shifted to a TP system largely consistent with the OECD Guidelines, MNEs operating in Brazil should quickly work to analyze and carefully document their Brazil operations for TP purposes—and try to minimize year-end TP adjustments, say KPMG practitioners.

A recent Indian tribunal’s ruling provides clarity on when a foreign law firm is considered to have a virtual PE in India, but potential tax issues may still riddle foreign law firms entering India, say Nishith Desai Associates practitioners.

Non-US companies should understand the concerns US investors have when making capital investments abroad in order to smoothly structure and, ultimately negotiate, a mutually beneficial arrangement, says Isaac Grossman of Morrison Cohen LLP.

MNE groups with a presence in Cyprus should review their existing or planned TP arrangements to ensure they are aligned with the new regulations to avoid penalties and additional taxes, says Christos A. Theophilou of STI Taxand.

Before the end of 2024, US groups operating in the Netherlands should conduct an impact assessment of the new Dutch entity tax classification regulations, say Loyens & Loeff N.V. practitioners.

Governments worldwide are taking steps to address forced labor in the supply chain, says Damon V. Pike of BDO USA.

There is a renewed effort to impose a wealth tax on Americans. Several bills in Congress would tax and redistribute wealth supposedly to benefit the poor and “ensure the wealthy pay their fair share,” in the words of President Joe Biden. The plans hold strong appeal among some politicians who prefer to ignore basic economic realities.

Recent Treasury regulatory proposals for clean energy vehicle and production tax credits should allow continuation of the investment boom in the related industries while implementing provisions toward conservation goals. The guidance is intended to further President Biden’s Investing in America agenda, support U.S. jobs, and bolster energy production and security while reducing energy costs for American consumers.

If a tax-exempt client needs a professional valuation of an asset, your understanding of how the IRS is going to regard the valuation — and the professional providing it — will be critical in ensuring the benefit of this action.

Donald Trump promised to lower the corporate tax rate to 20%, further reducing the income levy on the largest US companies that he already slashed while president, according to people familiar with the remarks.

While the risk of recapture of tax credits in the renewable energy market is a major concern to many investors, it is highly manageable.

A new IRS final rule affecting domestically controlled real estate investment trusts may significantly limit their use and thereby make U.S. real property less attractive for foreign investors.