Tax Bytes: Week of July 7, 2025
July 09, 2025
Welcome to this week’s edition of Tax Bytes. Our team of tax lawyers is actively monitoring for federal and international tax developments and issues of note. Each week we pull together the items we deem most important to provide updates you need to know for your business.
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Subscribe to our Tax Bytes mailing list to receive these updates on a weekly basis.
Tax developments
One Big Beautiful Bill (OBBB): Business and energy tax impacts
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act into law, and it includes permanent extensions of three key business-favorable tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA).
Read our full alert here.
In addition, the final OBBB makes significant changes to many energy tax credits created or expanded by the Inflation Reduction Act of 2022. The OBBB also includes many provisions that impose significant burdens on a taxpayer’s ability to qualify for credits with respect to projects involving certain foreign entities of concern.
Read our full alert here.
Recent Eversheds Sutherland Tax insights
Fixed establishment in Poland and its impact on VAT settlement for foreign companies
Swiss Tax – The One Pager
One Big Beautiful Bill (OBBB): Business and energy tax impacts
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act into law, and it includes permanent extensions of three key business-favorable tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA).
Read our full alert here.
In addition, the final OBBB makes significant changes to many energy tax credits created or expanded by the Inflation Reduction Act of 2022. The OBBB also includes many provisions that impose significant burdens on a taxpayer’s ability to qualify for credits with respect to projects involving certain foreign entities of concern.
Read our full alert here.
Recent Eversheds Sutherland Tax insights
Fixed establishment in Poland and its impact on VAT settlement for foreign companies
Swiss Tax – The One Pager
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If you have any questions about this Legal Briefing, please feel free to contact any of the attorneys listed or the Eversheds Sutherland attorney with whom you regularly work.
If you have any questions about this Legal Briefing, please feel free to contact any of the attorneys listed or the Eversheds Sutherland attorney with whom you regularly work.
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Latest Events
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virtual
UK employment law training
June 09, 2026
1pm - 4pm (BST)
Virtual
virtual
Nordic (Denmark, Finland, Norway and Sweden) employment law training
June 16, 2026
12.45pm - 4pm (BST)
Virtual
virtual
Introduction to Swiss employment law
June 23, 2026
2pm - 5pm (GMT)
Virtual
virtual
UAE - Employment law in the Dubai International Financial Centre
September 10, 2026
9.30am - 1.30pm (GMT)
Virtual