US: Trump win puts global corporate tax deal ‘in peril’

Attempts to stop some of the world’s biggest companies shifting profits across borders to avoid paying tax are “in peril” following Donald Trump’s definitive win in the US presidential election, experts said.

A global deal inked at the Paris-based OECD in 2021 was expected to raise the tax take from the world’s biggest multinationals by up to $US192 billion a year. Several countries – including EU member states, the UK, Norway, Australia, South Korea, Japan and Canada – partly introduced the pact this year.

19 July 2025

CAREY OLSEN: Carey Olsen Bermuda associate Matthew Rhodes named winner in 2025 STEP Excellence Awards

Press Release from Carey Olsen, Friday 18 July, 2025. Carey Olsen Bermuda litigation attorney Matthew Rhodes has been named among the 2025 Society of Trust and Estate Practitioners (“STEP”)

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8 February 2024

Carey Olsen advises Align Partners Capital Management on formation of latest fund

Press Release from: Carey Olsen, Thursday 8 February, 2024.  Carey Olsen Hong Kong has advised on the Cayman Islands legal and regulatory aspects of the formation of Align Partners Korea Fund, Align

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19 April 2024

TAX EVASION: Prosecutors seek 12-year sentences for ‘Panama Papers’ accused

The prosecution sought 12-year prison sentences Wednesday for the founders of a now-defunct law firm at the center of the so-called “Panama Papers” tax evasion scandal. Jurgen Mossack and

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19 December 2024

US: Corporate Transparency Act Remains Blocked Despite DOJ Stay Request

The court’s nationwide injunction in early December put the Jan. 1, 2025, filing deadline for beneficial ownership information on hold. This week a Texas judge denied the government’s request to

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