This column is reprinted with the publisher’s, Wolters Kluwer, permission from Global Tax Weekly, and originally appeared on page 26, April 5th edition.
We are several months into the new tax regime, and we in the tax community are still wrapping our heads around the complex and far-reaching new provisions. The Republicans' goal of a simplified, territorial system was clearly lost on the drafters, as we now live under an even more complicated set of rules that may be more akin to a pure worldwide tax system, largely thanks to one provision: Global Intangible Low-Taxed Income, or GILTI.
Tariff Turbulence: SCOTUS Invalidates IEEPA Powers for Imposing Global Tariffs
February 20, 2026
In a 6-3 decision released on February 20, 2026, the U.S. Supreme Court issued a landmark decision in Learning Resources Inc. v. Trump (consolidated with Trump v. V.O.S. Selections Inc.) ruling that President Trump does not have the authority to use the International Emergency Economic Powers Act (IEEPA) of 1977 to impose sweeping global tariffs.
OBBBA and Financial Reporting: The Enactment Date Issue You Can’t Ignore
February 17, 2026
Apply ASC 740 enactment date rules to OBBBA changes. See retroactive impacts on M&A, DTAs/DTLs, examples, and 2026 modeling considerations.
From Tax Benefits to Growth Potential: Why the United Arab Emirates Is the Ideal Hub for Asset Managers
February 16, 2026
The United Arab Emirates (UAE) stands as one of the world's premier business hubs, distinguished by its strategic location, forward-thinking policies, economic resilience, and digital innovation.
Decoding Singapore Budget 2026: Spotlight on Key Tax Measures
February 13, 2026
See the latest commentary from our team of tax experts in relation to the Singapore Budget 2026.
