International
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November 14, 2024
EC Challenges German Capital Gains Tax In EU High Court
The European Commission said Thursday that it is referring Germany to the Court of Justice of the European Union over the commission's claims that the country's capital gains tax of certain real estate transactions infringes on the free movement of capital.
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November 14, 2024
European Police Detain 43 Suspects In €520M VAT Fraud
European police detained 43 suspects linked to a value-added tax fraud scam valued at €520 million ($550 million) in a cross-border operation against organized crime, law enforcement agencies said Thursday.
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November 13, 2024
South Africa Considering Adjustments To Carbon Tax Regime
South Africa's National Treasury is looking for public comments on proposed adjustments to its carbon tax regime, including cutting the basic tax-free threshold for emissions by more than half over the next decade, it said Wednesday.
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November 13, 2024
$545K FBAR Fine Is Unconstitutional, Ex-Professor Tells Court
An 86-year-old former college professor's penalty of $545,000 for failing to report foreign bank accounts is excessive and violates the Eighth Amendment, he told a California federal court.
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November 13, 2024
90% Of Taxes Paid Online In 48 Jurisdictions, OECD Says
About 90% of all taxes in 48 jurisdictions surveyed by the Organization for Economic Cooperation and Development were paid electronically in 2022, an increase of about 10 percentage points from 2018, the organization said Wednesday.
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November 13, 2024
UK Court Revives $14M Share Of Tax Case Vs. Booze Shipper
The British First-tier Tribunal incorrectly dismissed evidence supporting a more than £11.1 million ($14.1 million) penalty assessment against a businessman accused of alcohol smuggling but was correct to dismiss £22.5 million in related assessments for lack of evidence, the U.K.'s Upper Tribunal ruled.
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November 13, 2024
Norwegian Tax Head Named Vice Chair Of OECD Tax Forum
The director of the Norwegian Tax Administration has been named vice chair of the Organization for Economic Cooperation and Development's Forum on Tax Administration, the Norwegian agency said Wednesday.
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November 13, 2024
NZ Lays Out Tax Work Priorities Aimed At Economic Growth
New Zealand's Inland Revenue Department published overarching priorities Wednesday for the government's work on the country's tax regime in the name of improving the overall economy.
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November 13, 2024
Trump, GOP Victories May Imperil OECD Global Tax Plan
President-elect Donald Trump's and Republicans' victories in the U.S. elections this month call into question whether the OECD's two-pillar global tax plan can be effectively implemented and whether the plan's minimum tax backstop rule can be applied amid threats of retaliatory tax measures by the U.S.
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November 13, 2024
UK Tax Hikes Will Drive Inflation, Industry Group Head Says
The U.K. is set for more price rises in shops as a result of the tax increases in the autumn budget hitting many businesses, the chairman of a retail industry group warned Wednesday.
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November 12, 2024
UK Insurance Co. Entitled To Refund Of Dutch Dividend Tax
A U.K. insurance company is entitled to a refund of taxes levied by the Netherlands on dividends from Dutch companies because the tax restricts the free movement of capital, the Court of Justice of the European Union ruled.
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November 12, 2024
Treasury's Energy Tax Perk Regs On Track Despite Trump Win
The U.S. Treasury Department still plans to finalize remaining clean energy tax credit regulations by the end of this year despite President-elect Donald Trump's campaign promise to unravel the 2022 climate law that enacted them, a Treasury spokesperson told Law360 on Tuesday.
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November 12, 2024
Developing Countries Should Raise Property Taxes, IMF Says
Property tax revenues could be at least 10 times higher in developing countries if their governments used new technologies and made certain system changes, the International Monetary Fund said, though it acknowledged the political difficulties of increasing such tax rates.
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November 12, 2024
Treasury To Host Webinar For Beneficial Ownership Info Filing
The U.S. Treasury Department's Financial Crimes Enforcement Network will host a free webinar Nov. 19 to aid companies that need to file their initial beneficial ownership information under the Corporate Transparency Act by the start of 2025.
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November 12, 2024
Squire Patton Boggs Hires Tax Expert In Irish Expansion
Squire Patton Boggs hired a senior associate from Eversheds Sutherland as part of building a tax strategy practice in Ireland, the firm said.
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November 12, 2024
Biffa Sues Contractor For £2M Over Waste Scheme Tax Scam
Biffa is suing one of its contractors for £2.2 million ($2.8 million) for allegedly conspiring with two other waste management companies to disguise their waste in a scheme to secure lower tax rates.
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November 11, 2024
HMRC To Refund £700M To Businesses After ECJ Ruling
Britain's tax authority is expected to pay £700 million ($900 million) in refunds to ITV PLC and several other companies after the U.K.'s successful appeal at the European Union's highest court over tax breaks for controlled foreign companies.
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November 11, 2024
Hospitality Industry Group Warns Chancellor Over Tax Plans
More than 200 leaders of U.K. companies in the hospitality sector issued an open letter Monday warning Chancellor Rachel Reeves that her decision to raise employers' national insurance contributions will harm businesses.
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November 08, 2024
Italy's Finance Minister Says EU Must Adopt Digital Tax
The European Union must adopt a digital services tax despite the threat of retaliatory trade measures by the U.S., Italy's finance minister told the country's Parliament as it seeks to widen the scope of its own measure to domestic companies.
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November 08, 2024
Aussie Accounting Group Says No Need For New Gov't Body
A group representing Australian accounting professionals pushed back Friday on a parliamentary committee's recommendation that the government review the processes of professional accounting bodies with an eye to potentially replacing them with an independent one.
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November 08, 2024
Shutts & Bowen Adds Complex Taxation Pro In Sarasota
Shutts & Bowen LLP has brought on a new partner at the firm's growing Sarasota, Florida, office, bringing close to 20 years of private practice tax law experience to the firm's private client services practice group.
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November 08, 2024
Audits Of Large Australian Cos. Generate $1.64B
Audits and reviews of 24 large companies in Australia generated AU$2.5 billion ($1.64 billion) in tax revenue in 2023-24, the Australian Taxation Office said.
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November 08, 2024
Apache To Pull North Sea Investments Over UK Windfall Tax
Texas-based oil giant Apache Corp. said Friday that it will wind up its North Sea oil operations by 2030 in response to the U.K.'s plan to raise the energy profits levy — known as the windfall tax — by 3 percentage points.
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November 08, 2024
8 EU Countries Call For Increased Russian Import Duties
A group of eight European Union member countries called on the bloc's executive body to consider increased import duties on Russian goods in response to the war in Ukraine, Sweden's Ministry of Foreign Affairs said Friday.
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November 07, 2024
Danish Gov't Can't Exclude 2012 Evidence In $2B Tax Case
A New York federal judge allowed U.S. pension plans to present a Danish firm's 2012 opinion as key evidence in an upcoming trial in the Danish government's $2 billion tax fraud case against them, but barred three other pieces of evidence.
Expert Analysis
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The Case For Post-Bar Clerk Training Programs At Law Firms
In today's competitive legal hiring market, an intentionally designed training program for law school graduates awaiting bar admission can be an effective way of creating a pipeline of qualified candidates, says Brent Daub at Gilson Daub.
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AI Can Help Lawyers Overcome The Programming Barrier
Legal professionals without programming expertise can use generative artificial intelligence to harness the power of automation and other technology solutions to streamline their work, without the steep learning curve traditionally associated with coding, says George Zalepa at Greenberg Traurig.
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Preparing Law Students For A New, AI-Assisted Legal World
As artificial intelligence rapidly transforms the legal landscape, law schools must integrate technology and curricula that address AI’s innate challenges — from ethics to data security — to help students stay ahead of the curve, say Daniel Garrie at Law & Forensics, Ryan Abbott at JAMS and Karen Silverman at Cantellus Group.
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General Counsel Need Data Literacy To Keep Up With AI
With the rise of accessible and powerful generative artificial intelligence solutions, it is imperative for general counsel to understand the use and application of data for myriad important activities, from evaluating the e-discovery process to monitoring compliance analytics and more, says Colin Levy at Malbek.
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Navigating Discovery Of Generative AI Information
As generative artificial intelligence tools become increasingly ubiquitous, companies must make sure to preserve generative AI data when there is reasonable expectation of litigation, and to include transcripts in litigation hold notices, as they may be relevant to discovery requests, say Nick Peterson and Corey Hauser at Wiley.
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Finding Focus: Strategies For Attorneys With ADHD
Given the prevalence of ADHD among attorneys, it is imperative that the legal community gain a better understanding of how ADHD affects well-being, and that resources and strategies exist for attorneys with this disability to manage their symptoms and achieve success, say Casey Dixon at Dixon Life Coaching and Krista Larson at Stinson.
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Attorneys, Law Schools Must Adapt To New Era Of Evidence
Technological advancements mean more direct evidence is being created than ever before, and attorneys as well as law schools must modify their methods to account for new challenges in how this evidence is collected and used to try cases, says Reuben Guttman at Guttman Buschner.
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1st Tax Easement Convictions Will Likely Embolden DOJ, IRS
After recent convictions in the first criminal tax fraud trial over allegedly abusive syndicated conservation easements, the IRS and U.S. Department of Justice will likely pursue other promoters for similar alleged conspiracies — though one acquittal may help attorneys better evaluate their clients' exposure, say Bill Curtis and Lauren DeSantis-Then at Polsinelli.
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Tips For Litigating Against Pro Se Parties In Complex Disputes
Litigating against self-represented parties in complex cases can pose unique challenges for attorneys, but for the most part, it requires the same skills that are useful in other cases — from documenting everything to understanding one’s ethical duties, says Bryan Ketroser at Alto Litigation.
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Anticipating Intensified Partnership Enforcement From IRS
The Internal Revenue Service's decadeslong difficulties with partnership audits led to the recent announcement of a clear, well-funded, focused initiative, and businesses operating in the partnership form will feel the impact, with definite changes ahead, says Sharon Katz-Pearlman at Greenberg Traurig.
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Pro Bono Work Is Powerful Self-Help For Attorneys
Oct. 22-28 is Pro Bono Week, serving as a useful reminder that offering free legal help to the public can help attorneys expand their legal toolbox, forge community relationships and create human connections, despite the challenges of this kind of work, says Orlando Lopez at Culhane Meadows.
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The Pop Culture Docket: Judge Espinosa On 'Lincoln Lawyer'
The murder trials in Netflix’s “The Lincoln Lawyer” illustrate the stark contrast between the ethical high ground that fosters and maintains the criminal justice system's integrity, and the ethical abyss that can undermine it, with an important reminder for all legal practitioners, say Judge Adam Espinosa and Andrew Howard at the Colorado 2nd Judicial District Court.
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How And Why Your Firm Should Implement Fixed-Fee Billing
Amid rising burnout in the legal industry and client efforts to curtail spending, pivoting to a fixed-fee billing model may improve client-attorney relationships and offer lawyers financial, logistical and stress relief — while still maintaining profit margins, say Kevin Henderson and Eric Pacifici at SMB Law Group.