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This Week in Tax

Direct Tax
Medtronic 600 x 375
This week in tax: US court rejects Medtronic request to reconsider TP ruling
The long-running dispute centres on Medtronic’s use of the comparable uncontrolled transaction TP method; in other news, Paul Hastings and FTI Consulting both made double tax hires
Sam Sholli, November 14 2025
Direct Tax
Background of 100 dollar bills
This week in tax: US public CbCR opposition caused $475bn tax loss, report claims
The US itself was the biggest loser of tax revenue to American multinationals’ profit shifting, the Tax Justice Network reported; in other news, firms made key tax hires
Sam Sholli, November 07 2025
Direct Tax
US flag
This week in tax: US reportedly concedes ground in pillar two side-by-side talks
The US’s GILTI regime will not be forced upon American multinationals in foreign jurisdictions, Bloomberg has reported; in other news, Ropes & Gray hired two tax partners from Linklaters
Sam Sholli, October 31 2025
Direct Tax
Netflix
This week in tax: Netflix shares fall after $619m tax dispute with Brazil
The streaming company’s operating income was $400m below expectations following the dispute; in other news, the OECD has released updates for 25 TP country profiles
Sam Sholli, October 24 2025
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