The 21-25 September 2026 edition of KPMG’s Week in Tax summarizes key international tax developments. Highlights include the OECD’s release of peer review reports on harmful tax practices, EU Council discussions on the Unshell directive (ATAD 3), US IRS proposed regulations on Section 954(c) look-through rules, and significant court rulings in India, Australia, and Canada on permanent establishment and transfer pricing matters. The weekly roundup ensures tax professionals stay current on legislative, regulatory, and judicial changes affecting cross-border operations.
Key Takeaways
- OECD Harmful Tax Practices: Peer review outcomes may trigger changes in preferential tax regimes impacting MNE structure planning.
- EU Unshell Directive Progress: Ongoing negotiations on substance requirements for shell companies affect holding structure viability.
- US Subpart F Refinements: Proposed regulations on look-through rules could alter controlled foreign corporation (CFC) income calculations.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement