In this week’s Q&A, Isabella Wilson, adviser at Croner VIP Tax Team, explains the tax implications for a failure to withhold income tax on foreign interest payments

Delays to refunds of US Liberation Day tariffs expected as US Customs and Border Protection works on new CAPE portal to ensure accurate refund calculations as companies still hit with tariff bills

British high net worth individuals considering a quick return to the UK to escape conflict in the Middle East face a number of tax traps from statutory residency to the 10-year rule and worldwide tax liability, but there are options to mitigate the risk, explains Eamon Shahir, co‑founder of Taxd

In this week’s Q&A, Abigail Bothe, adviser at Croner-i VIP Tax Team, explains the beneficial tax implications on overseas income under the foreign income & gains (FIG) regime

US president imposes immediate 15% global tariff after Supreme Court struck down Liberation Day rates

In a rare rebuke of presidential power, US Supreme Court invalidates president Trump’s Liberation Day tariffs in a majority ruling 6-3

HaysMac acquires specialist US tax team from Moore Doeren Mayhew, a ‘pivotal step’ to drive international growth and expand private wealth services

Corporate tax disputes with foreign tax jurisdictions from India to Brazil can be costly affairs, warns Camila Carvalho, associate director in the M&A and transactional risks team at Factor Risk Management

As California weighs up a one-off billionaire wealth tax, can the UK attract some of these globally mobile wealthy individuals by offering a more tax-friendly environment, asks Hilesh Chavda, partner at law firm Spencer West LLP

Pushback from the US saw a last-minute change to OECD Pillar Two rules on a global minimum tax rate, creating more complexity with option for simplified GloBE return and opt-in/opt-out for safe harbour, explains Russell Gammon, chief innovation officer at Tax Systems

US-based multinationals will not have to pay 15% minimum tax rate as exemptions given in final agreement on Pillar Two after ‘intense negotiations’ with OECD and other countries 

The European Council is cracking down on the €150 exemption threshold for small parcels arriving from outside the EU, a situtation where they pay zero excise duty