Ireland introduces Pillar Two amendments, business incentives in Budget 2027

The Trump administration is considering suspending the 18.4-cent federal gasoline tax as rising fuel prices intensify pressure on US consumers and businesses, while recent measures seek to expand access to tax-exempt diesel fuel.

The OECD Global Forum has released practical guidance to help tax authorities, particularly in developing countries, strengthen confidentiality, information security management, and cybersecurity frameworks for the automatic and other forms of international exchange of tax information.

Finland has proposed amendments to formalise tax exemptions for foreign investment funds following the A SCPI CJEU ruling, while introducing home-state tax conditions, easing requirements for ELTIFs, and clarifying withholding tax and profit distribution rules from 2027. 

Turkey’s Tax Audit Board had announced the establishment of three specialised departments to expand audit capacity for organised tax evasion, multinational companies and international transactions.

ZATCA published a user guide that explained how regional headquarters (RHQs) submit annual disclosure forms to demonstrate compliance with economic substance requirements.

The proposed tax would cover real estate, investments, company holdings and overseas assets, with loans deductible from the tax base.