Budget 2026 Pushes Unified Safe Harbours and 15.5% Markup for Unilateral Apas
India's Budget 2026 streamlines IT transfer pricing with a 15.5% safe harbour rate and expanded eligibility, effective April…
UK Seeks to Preserve 2025 Trade Deal Amid New US Tariffs
The UK enters fast-track talks with the U.S. to shield exporters from a new 15% global tariff, aiming…
Poland Weighs Compensatory Tax Targeting Digital Services Tax
Poland proposes a 3% Digital Services Tax on advertising and marketplaces, targeting large platforms with Polish revenue starting…
Master Section 2(22)(e) Deemed Dividend Rules Under Finance Act 2025
Finance Act 2025 clarifies Section 2(22)(e) deemed dividends, emphasizing a shareholder-centric approach to prevent litigation and tax disguised…
Supreme Court Limits Ieepa as US Stops Collecting Illegal Tariffs
The Supreme Court vacated Trump’s IEEPA tariffs, ruling he exceeded authority. Implementation lags as CBP and Treasury prepare…
Trump Plans to Raise Global Tariffs to 15% Using Ieepa and Section 122
Trump raises global tariffs to 15% via Section 122 after SCOTUS limits emergency powers, creating a layered duty…
Trump Uses Supreme Court Ruling to Launch 10% Global Tariff
Trump signs 10% global tariff effective Feb 24 after Supreme Court limits executive power; USMCA exempt. Impact on…
Distilled Spirits Council Pushes Maryland House Bill 736 to Fix Tax Inequity
Maryland HB 736 proposes cutting spirits-based RTD cocktail excise taxes by 60%, moving the rate from $1.50 to…
Tobacco Tax Overhaul 2026 Sets 40% GST and RSP-Based Valuation
India's 2026 tobacco tax remains at 28% GST; claims of a 40% hike or RSP-based valuation are false.…
IMF Warns Japan Against Sales Tax Cut Ahead of Article IV Consultation
The IMF warns Japan against broad food tax cuts, favoring targeted relief to protect fiscal stability and social…
Supreme Court Rejects Tariff Emergency, Trump Unveils 10% Global Levy
The Supreme Court blocked Trump’s use of emergency powers for broad tariffs, prompting a new 10% tariff announcement…
Supreme Court Rules on GST Refunds with Justice JB Pardiwala
Indian businesses cautioned against unverified reports of a 2026 Supreme Court GST ruling while managing tax incidence rules…
Poland Weighs Compensatory Tax to Offset Digital Services Tax Impact on Targeted Digital Advertising
Poland proposes a 3% Digital Services Tax for large global firms, targeting digital ads, marketplaces, and data sales…
IEEPA Tariff Powers Rejected; Congress Maintains Tax Authority
The U.S. Supreme Court ruled the IEEPA does not grant presidents tariff authority, affirming that Congress controls trade…