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Week in Tax

A KPMG TaxNewsFlash weekly summary intended for executives who need to be informed about tax developments

This Week's Report

KPMG Week in Tax: July 20 – 24, 2026
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Highlights include:

  • United States: 50% tariffs on selected Canadian imports, Section 301 tariffs on 60 economies failing to address forced labor
  • UK: Draft legislation for Finance Bill 2026-2027 includes implementation of Pillar Two side-by-side package
  • KPMG comments on Proposed Revisions to Chapter VII of the OECD Transfer Pricing Guidelines

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