The guidance offers a simplified method to determine "applicable corporation" status under IRC Sec. 59(k), increasing minimum thresholds and waiving some estimated tax penalties. The US Internal Revenue Service (IRS) issued Notice 2025-27,

The Trump Administration has increased tariffs on US imports of steel, aluminium, and derivatives from 25% to 50%, effective June 4, 2024. Tariffs on UK imports remain at 25%. The Trump Administration has doubled the tariffs on US imports of

Luxembourg's Council of State approved the ratification of the 2019 tax treaty protocol with Argentina on 3 June 2025.  Luxembourg's Council of State approved the ratification of the 2019 income and capital tax treaty protocol with Argentina on

The  One, Big, Beautiful Bill (Act), which is now under Senate review, proposes a 3.5% tax on all remittances sent by non-US citizens to foreign countries, regardless of the transfer amount.  The US House of Representatives passed the One,

The law adds a 0.75% "Green Fee" to the existing transient-accommodations tax of 10.25% and imposes a levy on cruise-ship passengers docking in the islands.  Hawaii Governor Josh Green has signed SB 1396 into law, making Hawaii the first US

The Trump administration is reportedly considering using an existing law to impose 15% tariffs for 150 days on parts of the global economy. A final decision is yet to be announced.  According to a Wall Street Journal report, President Donald