Highlights The Trump Administration is seeking to create a uniform federal policy to promote the development of artificial intelligence. State laws that conflict with this policy may be challenged by the federal government in court or may result in the withholding of federal funding. For now, companies should assume that state AI and automated decision-making frameworks will move forward on their existing enforcement schedules despite the Order. “n a race with adversaries for supremacy…United States AI companies must be free...

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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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Executive Summary Foreign investors entering the U.S. market face compressed timelines, intense competition, and exacting diligence. Intellectual property — patents, trademarks, trade secrets, and copyrights — is a core asset of a foreign investor’s business in the U.S. that increases valuation of the U.S. entity. Yet, many foreign investors prioritize setting up a U.S. entity or other structures, selecting the physical location of a U.S. office or manufacturing site, or applying for work visas or handling other immigration matters over...

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On 2 December 2025, the EU reached an agreement on anticorruption rules to harmonise the approach taken across all Member States. This agreement forms the foundation of a future EU Directive. Luxembourg is among the countries perceived as the least corrupt according to Transparency International (score of 81/100, ranking 5th in the world in 2024) and has ratified the main international conventions (UN, OECD, Council of Europe). However, behind these reassuring indicators, weaknesses persist as national legislation remains fragmented and is...

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What happened? Treasury and the IRS on December 4 issued three Notices—2025-75, 2025-77, and 2025-78—providing early guidance on several international tax provisions enacted as part of the One Big Beautiful Bill Act (the Act or OBBBA). Notice 2025-75 announces the intent to issue proposed regulations implementing the transition rule under Section 70354(c)(2) of the Act. The transition rule affects how Section 951(a)(2)(B) reductions apply for certain dividends paid by controlled foreign corporations (CFCs) in tax years beginning before January 1, 2026. ...

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