Germany: Tax Authorities restrict treaty benefits on dividend payments to US parent companies
The German Federal Central Tax Office (Bundeszentralamt für Steuern, BZSt) has recently adopted a restrictive administrative practice concerning withholding tax on dividend distributions paid by German companies (GmbHs) to US parent companies. This
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US: Trump threatens full trade embargo on Spain over Iran strikes
US President Donald Trump threatened to impose a full trade embargo on Spain on 3 March 2026. This escalation follows Spain's refusal to allow the US military to use shared bases for strikes on Iran. At a White House briefing, Trump described
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US: Appeals Court fast tracks Trump tariff refund case
A US federal appeals court has accelerated the legal process that could determine how over USD 130 billion will be refunded to importers following the Supreme Court's decision to invalidate President Trump's tariffs. On Monday, 2 March 2026, the
See MoreUS: IRS issues new schedule for claiming deductions on tips, overtime, auto loans, senior income
The US Internal Revenue Service (IRS) has published a new schedule for tax year 2025 on 2 March 2026, which taxpayers will use to realise important tax benefits of the One, Big, Beautiful Bill, including no tax on tips, no tax on overtime, no tax on
See MoreUS: IRS introduces online portal for reporting tax scams
The US Internal Revenue Service (IRS) announced the launch of a new web page on 26 February 2026 that allows taxpayers to confidentially report suspected tax fraud, scams, evasion, or other tax-related illegal activities, as well as internal-facing
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IMF press briefing on US economy looks at tax and trade issues
On 25 February 2026 the IMF held a press briefing to discuss the issues raised by the article IV report on the US economy. The IMF emphasised that the US economy will continue to grow strongly in 2026 and 2027. US private sector entrepreneurs and
See MoreIMF Report on US Recommends Tax and Duty Changes
On 25 February 2026 the IMF issued a report following consultations with the US under Article IV of the IMF’s articles of agreement. The IMF notes that the US economy performed well in 2025 and economic growth reached 2.2% by the end of 2025.
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Brazil welcomes zero tariffs on aircraft exports to US
Brazil's government celebrated the US decision on 24 February 2026 to eliminate tariffs on Brazilian aircraft imports, reducing duties from 10% to zero amid broader US trade policy shifts. The tariff removal significantly benefits Brazil's
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US: IRS revises Section 987 income, foreign currency rules
The US Internal Revenue Service (IRS) has released Notice 2026-17, addressing revisions to the rules for calculating taxable income or loss and foreign currency gain or loss related to a qualified business unit under Section 987. Notice 2026-17:
See MoreUS: USTR signals 15% tariffs for select nations
US Trade Representative (USTR) Jamieson Greer announced, on 25 February 2026, that tariff rates will increase to 15% or higher for certain countries, up from the current 10% rate that took effect on 24 February 2026. However, he did not specify
See MoreUS releases interim guidance on special depreciation for eligible production property
The US Department of the Treasury and the Internal Revenue Service (IRS) announced on 20 February 2026 that it has provided interim guidance for taxpayers regarding the special depreciation allowance for qualified production property enacted under
See MoreUS: Trump Administration implements 10% global tariffs after Supreme Court setback
The US began collecting a new 10% global import tariff on 25 February 2026, following a Supreme Court ruling that struck down President Trump's previous emergency tariffs, which had ranged from 10% to 50%. On 20 February 2026, the US Supreme
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US: Department of Commerce to rule on solar import duties from India, Indonesia, Laos
The US Department of Commerce is expected to announce a preliminary ruling on 23 February 2026 on whether it will impose anti-subsidy duties on solar cells and panels from India, Laos, and Indonesia. This follows after a coalition of US solar
See MoreUS: Trump threatens with higher tariffs on any country reconsidering negotiated trade agreements
President Donald Trump warned, on Monday, 23 February 2026, that countries reconsidering recently negotiated US trade agreements would face significantly higher tariffs under alternative trade laws, following the Supreme Court's decision to
See MoreUS: USTR plans broad Section 301 trade investigations after Supreme Court ruling
US Trade Representative (USTR) Jamieson Greer announced, on 20 February 2026, plans to launch multiple investigations under Section 301 trade provisions targeting most major trading partners, following the Supreme Court's decision to strike down
See MoreUS: Supreme Court invalidates emergency tariffs, Trump raises global tariffs to 15% following ruling
The US Supreme Court ruled 6-3 on 20 February 2026 in Learning Resources v. Trump that President Donald Trump exceeded his authority by imposing sweeping global tariffs under the International Emergency Economic Powers Act of 1977 (IEEPA). Chief
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Indonesia secures 19% tariff deal with US
Indonesia and the US have finalised a trade agreement on 19 February 2026 that reduces US tariffs on Indonesian goods from 32% to 19%, with key exemptions secured for Indonesia's major exports. The deal was signed in Washington by Indonesia's
See MoreUS: FinCEN exempts financial institutions from repeatedly verifying beneficial owners
The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order granting exceptive relief to covered financial institutions from certain requirements under FinCEN’s Customer Due Diligence Requirements for
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