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May 22, 2026
Taxation With Representation: Goodwin, McGuireWoods
In this week's Taxation With Representation, Equity Residential and AvalonBay Communities Inc. combine, investment firms CVC and Groupe Bruxelles Lambert lead a group of investors to buy pharmaceuticals company Recordati SpA, and NextEra Energy and Dominion Energy merge.
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May 22, 2026
FedEx Says Justices' Freight Ruling Backs $89M Tax Refund
The U.S. Supreme Court's opinion this month in a freight negligence case that adhered closely to statutory text bolsters an argument that the plain language of the law entitles FedEx to an $89 million foreign tax credit, notwithstanding a conflicting federal regulation, the company told the Sixth Circuit.
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May 22, 2026
UK Labour Leadership Hopeful Floats Capital Gains Tax Hike
A Labour member of the U.K. Parliament vying to succeed Prime Minister Keir Starmer has said he will work to implement a "wealth tax that works" by equalizing capital gains tax and income tax rates if he wins a future leadership contest.
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May 22, 2026
UK Arts Sector Faces Lag In Getting Tax Breaks, Review Finds
Organizations claiming cultural tax relief sometimes faced delays as long as 18 months in securing the funds, forcing some of them into short-term debt, Britain's tax authority said after a review of the tax breaks.
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May 21, 2026
DC Circ. Seeks Trump Admin Input On $5B Award Case
The D.C. Circuit on Thursday sought the views of the Trump administration on a crucial component of Russia's sovereign immunity defense as the appeals court weighs jurisdiction in litigation to enforce a nearly $5 billion arbitral award against the Kremlin, which was issued to Yukos Oil Co.'s financing arm.
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May 21, 2026
Baltimore Atty Not Liable For Client's Taxes, 4th Circ. Told
A Baltimore attorney is challenging a court's order that he cover unpaid federal income taxes owed by his client's holding company, telling the Fourth Circuit on Thursday that the government is wrongly using the Federal Priority Statute as a workaround for the Federal Tax Lien Act.
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May 21, 2026
Portugal Must Reclaim Illegal State Aid, EU Court Says
The European Union's top court said Thursday that Portugal can't suspend tax enforcement proceedings against a company that benefited from unlawful state aid granted by the Madeira Free Zone.
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May 21, 2026
Amgen Wants To Preserve Right To Seek Double Tax Relief
Drugmaker Amgen wants to preserve its right to seek a refund for tax years 2010 through 2015 if the IRS "persists" in taking a position inconsistent with the agency's own arguments pertaining to those years in its audit of 2016 to 2018, the company told the U.S. Tax Court.
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May 21, 2026
EPPO Conducts Searches In €2.6M VAT Fraud Case
Authorities across Europe have searched several properties tied to a €2.6 million ($3 million) value-added tax fraud by suspects whom the European Public Prosecutor's Office believe are linked to other VAT frauds worth hundreds of millions of euros, the office said Thursday.
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May 21, 2026
UK To Block Foreign Co. Losses From Lowering Domestic Tax
The U.K. will require companies to exempt profits and losses attributed to a foreign permanent establishment from domestic taxation beginning next year, HM Revenue & Customs said Thursday.
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May 21, 2026
'Check-The-Box' Correctly Applied To Partnership, IRS Says
The U.S. Tax Court properly applied what are commonly known as check-the-box rules in determining that a company contributing a promissory note for a stake in a partnership had zero basis in the note, the IRS said in objecting to the partnership's motion for reconsideration.
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May 21, 2026
ECJ Adviser Backs Challenge To Sweden's Bank Risk Tax
The European Union's lower court was wrong to uphold Sweden's risk tax on the country's largest credit institutions, an adviser to the bloc's top court said Thursday, because the levy could create a potential selective advantage for untaxed companies.
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May 21, 2026
Trade Court Won't Pause Tariff Ruling During US Appeal
The U.S. Court of International Trade won't stay its ruling blocking the collection of temporary global duties for two businesses and the state of Washington while the federal government appeals the judgment to the Federal Circuit, according to an opinion.
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May 21, 2026
Taiwan Outlines Filing Extensions For Controlled Foreign Cos.
Companies filing taxes in Taiwan are required to declare income from controlled foreign corporations and must apply for a one-time extension by midyear if they're unable to submit audited financial statements, the tax authority said Thursday.
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May 21, 2026
EU Elects New Chair Of Int'l Tax Conduct Group
The European Union group that monitors foreign jurisdictions' tax practices for potential harm elected a Slovenian official Thursday as its chair for the next two years.
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May 21, 2026
UK To Crack Down On Energy Giants' Offshore Tax Planning
U.K. Chancellor of the Exchequer Rachel Reeves announced plans Thursday to restrict offshore tax planning by energy multinationals as part of a series of fiscal measures, including cuts to fuel duty and value-added tax.
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May 20, 2026
Bolt Argues Ride-Hailing Apps Qualify For UK VAT Break
The U.K.'s tax authority can't bar ride-hailing companies from claiming a value-added tax exemption for travel agents, Bolt's counsel told a London court Wednesday, because the agency has long recognized in official guidance that taxi firms can receive the tax break.
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May 20, 2026
EU Lawmakers Agree To Include Safeguards In US Trade Deal
The Parliament and Council of the European Union reached a provisional agreement Wednesday morning to strengthen safeguards to the trade deal reached last year with the U.S., according to a press release.
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May 20, 2026
UK Extends Cut To Fuel Tax As War In Iran Raises Prices
The U.K. will extend a tax cut of 5 pence (7 cents) per liter of fuel through the rest of the year to address higher prices linked to the war in Iran, the government said Wednesday.
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May 20, 2026
Hong Kong Seeks To Adopt Crypto Tax Transparency System
Hong Kong's government will ask lawmakers to adopt the OECD's crypto asset reporting framework next month, expects the system to take effect next year and anticipates exchanges between tax authorities to start in 2028, the territory's tax authority said Wednesday.
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May 20, 2026
Hong Kong Hikes Transaction Tax For High-End Homes
Hong Kong lawmakers adopted legislation Wednesday to hike the rate of a tax on residential real estate transactions valued above HK$100 million ($12.7 million).
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May 20, 2026
KC Used Expertise To Dodge £2M In Tax, Prosecutors Say
A senior tax barrister cheated the public purse out of almost £2 million ($2.7 million) through a series of "elaborate arrangements," a prosecutor said on the first day of the lawyer's criminal trial on Wednesday.
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May 19, 2026
States Tell CIT To Reject Gov't's Request To Stay Tariff Ruling
The federal government's arguments to stay a permanent injunction against the collection of President Donald Trump's temporary global duties for two small businesses and the state of Washington while it appeals the ruling are overblown, a coalition of states told the U.S. Court of International Trade on Tuesday.
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May 19, 2026
Costco Calls Suit Over Tariff Refunds Premature
Costco urged an Illinois federal court to toss a putative consumer class action seeking to recoup the higher costs that shoppers paid under President Donald Trump's global tariffs, contending that the case is premature in the wake of uncertain corporate refunds.
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May 19, 2026
IRS Finalizes Changes To Partnership Interest Sales
The IRS issued final regulations Tuesday that remove a requirement for partnerships to include information in tax returns to help partners who sold interests in businesses with noncapital assets determine their gain or loss, preserving the rules as proposed last year.
Expert Analysis
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How The CRE Industry Is Adapting To Tariff Uncertainty
Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.
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Law Firm Executive Orders Create A Legal Ethics Minefield
Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.
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Trade Policy Shifts Raise Hurdles For Gov't And Cos. Alike
The persistent tension between the Trump administration's fast-moving and aggressive trade policies and the compliance-heavy nature of the trade industry creates implementation challenges for both the business community and the government, says Sara Schoenfeld at Kamerman.
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Firms Must Embrace Alternative Billing Models Or Fall Behind
As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.
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How Attorneys Can Master The Art Of On-Camera Presence
As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.
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Firms Still Have Lateral Market Advantage, But Risks Persist
Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.
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We Must Allow Judges To Use Their Independent Judgment
As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.
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Preparing For Tariffs On Canadian Power In The Northeast
The on-again, off-again risk of import and export tariffs on energy transactions between the U.S. and Canada may have repercussions for U.S. energy stakeholders in the ISO New England and New York Independent System Operator electricity markets — but there are options that could help reduce cost impacts, say attorneys at Husch Blackwell.
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Making The Case For Rest In The Legal Profession
For too long, a culture of overwork has plagued the legal profession, but research shows that attorneys need rest to perform optimally and sustainably, so legal organizations and individuals must implement strategies that allow for restoration, says Marissa Alert at MDA Wellness, Carol Ross-Burnett at CRB Global, and Denise Robinson at The Still Center.
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Mitigating Tariff Risks For Healthcare In US And Canada
Healthcare stakeholders should take steps to evaluate the impact of cross-border tariffs, as the historically strong ties between Canada and the U.S. demonstrate the potential for real disruption and harm to the healthcare industry in both countries, say attorneys at Norton Rose.
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4 Ways Women Attorneys Can Build A Legal Legacy
This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 10 minutes to make a plan, says Jackie Prester, a former shareholder at Baker Donelson.
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A Judge's Pointers For Adding Spice To Dry Legal Writing
U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.
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7 Tips For Associates To Thrive In Hybrid Work Environments
Excerpt from Practical Guidance
As the vast majority of law firms have embraced some type of hybrid work policy, associates should consider a few strategies to get the most out of both their in-person and remote workdays, says James Argionis at Cozen O’Connor.