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Member News
Member News
15
Sep
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...
15
Sep
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...
14
Sep
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,...
14
Sep
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...
14
Sep
Highlights
IEEPA refunds are being processed under CAPE Phases I and II, but CAPE Phase III is temporarily delayed. CBP announced that it will begin to issue refunds for finally liquidated entries under CAPE Phase III, but only for importers that have filed a lawsuit at the Court of International Trade (CIT).
Non-litigating importers with finally liquidated entries may face the greatest exposure. If the Federal Circuit sides with the Department of Justice on the universal refund order appeal,...
11
Sep
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...
11
Sep
Key Points
President Trump signed five proclamations on September 8, 2026, under Section 338 of the Tariff Act of 1930, imposing outright import bans on specified Canadian alcoholic beverages, dairy products, and motorcycles effective September 29, 2026.
Section 338(b) authorizes the president to exclude articles from importation when a foreign country has “maintained or increased” discrimination against U.S. commerce following an initial Section 338(a) proclamation.
The Canadian Tariff Modification Proclamations, effective September 15, 2026, reverse the original non-stacking policy,...
11
Sep
IMPORTANT NOTICE: Beginning September 18, 2026, U.S. Customs and Border Protection will start voiding importer of record numbers when the data on file in CBP Form 5106 is inaccurate or incomplete. You cannot use a voided number on any entry, and CBP can stop merchandise at the port with no advance notice.
This follows Executive Order 14411, signed in June 2026 to strengthen customs enforcement. Earlier this year, CBP deactivated roughly 4.8 million inactive importer accounts. The Form 5106 review...