IPTI’s usual monthly newsletter – the “President’s Message” – contains, inter alia, some summarised news articles from around the world. This IPTI publication – “Property Tax in the News” – contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles – from North America, Europe and around the globe – can be found in...

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Translation is often treated as an enabling function of international business: necessary, sometimes complex, but ultimately subordinate to the legal, financial, and commercial decisions it supports. This view underestimates the extent to which language itself can shape those decisions. A translation may sit inside a merger agreement worth billions of dollars, determine whether an insurance claim is covered, affect the interpretation of a regulatory filing, or become the focus of a marketing controversy. A single word can alter a...

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In our blog post “Updates on Supply Chain Due Diligence: The EU Forced Labour Regulation", we outlined the key elements of Regulation (EU) 2024/3015. The European Commission has now published, on June 26, 2026, its long-awaited guidelines on the application of the EU Forced Labour Regulation. The guidelines are intended to support companies in practical implementation and, for the first time, provide concrete guidance on the measures that will be expected in practice. Although the guidelines are not legally binding,...

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What happened?  The OECD/G20 Inclusive Framework (IF) on 11 September 2026 released a package of Pillar Two materials, including a revised GloBE Information Return (GIR), a framework for the full legislative review of jurisdictions’ Pillar Two rules, and Administrative Guidance on certain conditional taxes and issues with respect to Qualified Domestic Minimum Top-up Taxes (QDMTT) fiscal-period mismatches. The revised GIR implements reporting changes arising from the January 2026 Side-by-Side (SbS) Package. For qualifying US-parented groups applying the SbS safe harbour, certain...

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Data centers have become a significant driver of new infrastructure development in the United States. According to recent Census Bureau data, construction spending on data center “shells” (the massive warehouse-like structures that house computing infrastructure) rose nearly 60% in July compared with July 2025 levels. As demand for cloud computing, artificial intelligence (AI), and large-scale data processing continues to increase, state and local governments are debating how to attract the economic benefits of data center investment while addressing the substantial...

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