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Member News
Member News
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...
10
Sep
The race to build the infrastructure required for artificial intelligence is accelerating. Billions are being committed to data centers, power infrastructure and the compute required to train and run increasingly sophisticated AI models.
At the same time, communities are questioning, opposing and, in some cases, attempting to stop the data centers being proposed in their towns and cities.
That presents an uncomfortable contradiction. We are demanding more AI, more compute and more digital services, while some of the communities being asked...
10
Sep
Most year-end tax guides are organized by strategy. You get a list of twenty moves and you work out which ones apply to you, which is backwards, because roughly fifteen of them will not.
This one is organized by entity. Find the section that describes how your business is taxed, and everything in it is something you can actually use. The rest you can skip.
One thing worth saying before the details: 2026 is not a normal planning year. Several provisions...