FATCA Agreement Signed between United States and South Korea

The US Internal Revenue Service (IRS) announced on 8 July 2026 that it introduced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance. The

The US Internal Revenue Service (IRS) and Security Summit partners launched the summer “Protect Your Clients; Protect Yourself” campaign on 7 July 2026, which is a five-week series highlighting practical steps tax professionals can take to

The US International Trade Commission’s latest update to the Harmonized Tariff Schedule is primarily a housekeeping and scope-adjustment revision. HTSUS Revision 11, effective 2 July 2026, introduces no changes to standard MFN duty rates. Instead,

Regulatory activity in the European Union this week was marked by a dual-pronged tightening of trade policy. The most immediate impact came from the imposition of severe new anti-dumping duties on key chemicals imported from the United States,

US President Donald Trump,  on 26 June 2026, pledged to impose 100% tariffs on European countries that introduce new digital services taxes (DSTs) primarily targeting US-based companies. However, he made no mention of how he would legally

The US Internal Revenue Service (IRS) published a reviewed version of its Country-by-Country (CbC) Reporting Jurisdiction Status Table on 1 July 2026. The previous update, released on 1 July 2025, reflected the addition of the competent authority