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Articles: 1-10 of 174

The Biden Administration Proposes Changes to the Taxation of Partnerships

USA - June 14 2022 On March 28, 2022, the Biden Administration proposed certain limited changes to the taxation of partnerships. In short, the Administration’s…

HMRC Clarifies Application of QAHC Regime to Corporate Lending Vehicles

United Kingdom, USA - June 10 2022 HMRC has recently updated the guidance relating to the UK’s new qualifying asset holding company (QAHC) tax regime which was introduced from 1 April…

EU Commission publishes draft directive to remove tax driven debt-equity bias

European Union, USA - May 25 2022 On 11 May 2022, the European Commission (the “Commission”) published its draft proposal for a debt-equity bias reduction allowance (“DEBRA” or, the…

The Biden administration re-proposes to tax carried interests as ordinary income

USA - May 23 2022 On March 28, 2022, the Biden Administration proposed to tax “profits” or “carried” interests as ordinary income and impose self-employment tax on…

“A New(ish) Chemical Excise Tax Effective July 2022”

USA - May 13 2022 After a more than 26 year hiatus, on July 1, 2022, the Superfund chemical Excise tax (the "Superfund Chemical Tax") will again become effective…

The biden administration Proposes Changes to the U.S. international tax rules

OECD, USA - April 22 2022 Enact a 15% minimum “undertaxed profits rule” (a “UTPR”) to replace the “Base Erosion Anti-Abuse Tax” (“BEAT”), and a 15% “qualified domestic minimum…

Senator Manchin announces that he will not support the build back better act - Where things stand now

USA - December 19 2021 Today, December 19, 2021, Senator Joe Manchin (D., W.Va.) said that he opposes the Build Back Better Act, which effectively prevents its passage…

A step closer to agreement on taxation of the digital world

OECD, USA - October 22 2021 On 8 October 2021, the OECD released a further statement in relation to the BEPS 2.0 proposals, aimed at addressing taxation of the modern digital…

130 countries join the OECD’s framework for international tax reform

OECD - July 5 2021 Significant progress has been made in the efforts of the OECD to reach international consensus on the BEPS 2.0 proposals. Broadly, the proposals are…

Treasury’s Green Book Provides Details on the Biden Administration’s Tax Plan

OECD, USA - June 15 2021 On May 28, 2021, the Biden Administration released the Fiscal Year 2022 Budget, and the “General Explanations of the Administration’s Fiscal Year…