Key Takeaways U.S. tax exemptions for FIFA prize money apply to national associations, but players, coaches, agents and foreign businesses remain subject to U.S. tax and withholding rules. Compensation allocation for matches, training, media and promotional activities affects U.S.-source income, state tax obligations and treaty benefits, making accurate service-day tracking essential. Post-tournament tax compliance includes reviewing withholding, claiming foreign tax credits, filing Form 1040-NR and state tax returns and addressing cross-border tax obligations and refund opportunities. After weeks of competition...

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On 27 July 2026, the agreed final text of the Digital Omnibus on AI (the “Digital Omnibus on AI”) entered into force, following its publication in the Official Journal of the European Union. Originally proposed by the European Commission (“Commission”) in November 2025 (the “Proposal”), and subject to multiple rounds of trilogue negotiations in April and May 2026, the European Parliament (“Parliament”) and Council of the European Union (“Council”) reached a provisional political agreement to amend and streamline the EU...

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Early investment data suggest trade uncertainty is changing the scale and character of investment into the US, even as project numbers remain broadly stable. Early 2025 already feels like a foreign country: familiar enough to recognise, strange enough to need explaining. For a few months, tariffs were everywhere. Steel. Aluminium. Reciprocal tariffs. Trade deficits. And, of course, “Liberation Day”. Washington argued that exemptions had weakened domestic industry and left critical supply chains exposed. Europe warned of higher costs, disruption and retaliation. In...

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