International
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May 27, 2025
Canada Could Use Tax System For Growth, OECD Says
While Canada's economy has been largely resilient, changes in areas like goods and services taxes and its research and development tax incentives could help protect against projected slowed growth brought on by its trade dispute with the U.S., the Organization for Economic Coooperation and Development said.
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May 27, 2025
Latin America, Caribbean Tax Revenues Fell In '23, OECD Says
Tax revenues were down in the Latin American and Caribbean region in 2023, thanks largely to a decrease in economic activity in the area, with the average tax-to-GDP ratio for the region dipping below pre-COVID-19 levels, the Organization for Economic Cooperation and Development said Tuesday.
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May 27, 2025
Hong Kong, Maldives Reach Double-Tax Deal
Hong Kong and the Maldives have agreed to a treaty to prevent double taxation that would come into force after being passed by their respective legislatures, Hong Kong's Inland Revenue Department said.
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May 27, 2025
Novelist Facing FBAR Penalties Says She Relied On CPAs
A California-based Japanese novelist should not have to face $715,000 in penalties for unreported Swiss bank accounts, she told a federal court, contending that any nondisclosure was the result of an honest misunderstanding shared by her certified public accountants.
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May 27, 2025
15 EU States Seek To Fast-Track Tobacco Tax Reform Plans
Government officials representing 15 European Union member states called on the European Commission on Tuesday to fast-track plans to make changes to the bloc's tobacco tax policy.
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May 27, 2025
Suspected Ringleader Of €520M VAT Scheme Turns Self In
The suspected ringleader of a €520 million ($589 million) value-added tax fraud scheme that was under a cross-border investigation has turned himself in, law enforcement agencies said Tuesday.
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May 27, 2025
EU Eyes Simplifying CBAM With Omnibus Measures
The Council of the European Union said Tuesday that it will push ahead with talks to simplify the carbon border adjustment mechanism as part of the EU's green policies.
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May 23, 2025
Trade Court Says Wis. Man Can't Sue Over Trump Tariffs
The U.S. Court of International Trade dismissed a Wisconsin resident's case against President Donald Trump's tariffs Friday, holding that the man's allegations of economic injury are too speculative to create standing to sue.
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May 23, 2025
Taxation With Representation: Troutman, A&O Shearman
In this week's Taxation With Representation, Blackstone acquires TXNM Energy, OpenAI buys io Products, Lumen Technologies sells its Mass Markets fiber-to-the-home business in 11 states to AT&T, and AMD sells its data center infrastructure manufacturing business to Sanmina.
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May 23, 2025
Poland Proposes $2.7B Copper Mining Tax Cut
Poland's Finance Ministry announced proposed measures Friday to cut taxes on copper mining companies by 10 billion Polish zlotys ($2.7 billion) over the next decade.
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May 23, 2025
Belgian Tax Break Denials Don't Break EU Rules, ECJ Advised
Belgium isn't breaking with European Union law by denying companies tax deductions under controlled foreign corporation rules, an adviser to the EU's top court said in an opinion.
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May 23, 2025
EU Clears Finnish Soft Drink Tax In State Aid Review
Finland's plan to change its soft drink tax to raise the rate based on sugar content doesn't amount to state aid as defined in European Union law, the bloc's executive branch said Friday.
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May 23, 2025
Finnish Tax Cuts Will Hurt Fiscal Rebound, OECD Says
Although Finland took important steps to address its fiscal deficit and public debt in 2024, recently announced corporate and personal income tax cuts will slow the rebound's pace, the Organization for Economic Cooperation and Development said Friday.
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May 22, 2025
Poland Estimates VAT Gap Almost Halved Year-Over-Year
Poland failed to collect an estimated 21.5 billion Polish zloty ($5.7 billion) in value-added taxes in 2024, which at 6.9% of expected revenue was still vastly improved from the previous year, the country's Ministry of Finance said Thursday.
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May 22, 2025
Another Tariff Suit In Trade Court Signals Joint Review
The legal strategy of utilizing U.S. district courts to challenge President Donald Trump's emergency tariffs suffered another blow this week following a failure to keep a stationery company's suit in Florida federal court, leaving stakeholders to anticipate that similar cases will be consolidated for further review.
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May 22, 2025
PwC Pursuing Reforms After Aussie Tax Scandal, Report Says
PwC Australia has completed most of the actions it outlined to address shortcomings in the firm's culture following a scandal involving the leak of government tax documents, according to an independent monitor's report.
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May 22, 2025
Sweden Proposes Adoption Of EU Crypto Reporting Rules
Sweden would require crypto-asset service providers to collect, check and share their users' data with the country's tax authority in line with European Union rules under a bill proposed Thursday by the country's Ministry of Finance.
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May 22, 2025
EU Parliament Backs Carbon Border Tax Simplifications
The European Parliament on Thursday endorsed proposed measures aimed at simplifying the European Union's carbon border adjustment mechanism, including exemptions for small importers.
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May 22, 2025
Turkey, Azerbaijan Don't Allow Amount B, OECD Reports
Turkey, Azerbaijan and Jamaica don't allow taxpayers to use a transfer pricing method for baseline marketing and distribution activities known as Amount B, while Denmark's acceptance is limited, the OECD said Thursday in an update on the method's adoption.
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May 22, 2025
EU Tax Observatory Offers Pair Of Research Grants
The European Union's Tax Observatory think tank began accepting proposals Thursday for two grants aimed at enhancing its research ability in order to better address the bloc's tax gap, in particular as it comes to tax evasion and avoidance and aggressive tax planning.
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May 21, 2025
Courts Can't Review Trump's Tariff Emergencies, Gov't Says
Courts can't review President Donald Trump's decision that unusual or extraordinary threats exist under the International Emergency Economic Powers Act, a government attorney told the U.S. Court of International Trade on Wednesday as 12 states seek to block Trump's tariffs under the law.
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May 21, 2025
Pullman & Comley Hospitality Leader On Travel, Taxes, Tariffs
Hotel owners are cautiously awaiting more clarity on what tariffs will look like going forward, and in the meantime, companies are reluctant to commit to new projects or renovations, Pullman & Comley's hospitality leader recently told Law360.
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May 21, 2025
Immigrant Groups Appeal Denied Bid To Halt IRS-ICE Deal
Immigrant advocacy groups on Wednesday appealed a D.C. federal judge's order denying their bid to block the IRS from sharing taxpayer data with immigration enforcement agencies, with their counsel warning "it will be too late" once the information is shared.
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May 21, 2025
EU Proposes €2 Handling Fee On Small Import Packages
The European Commission is planning to levy a flat fee of €2 ($2.27) on billions of small packages imported into the European Union, including many Chinese goods, according to the bloc's trade chief.
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May 21, 2025
NZ Worried Thin Capitalization Rules Hurt Foreign Investment
New Zealand's government is seeking comments on how the country's current thin capitalization rules may be discouraging foreign investment in privately owned infrastructure projects and on suggested remedies for the issue.

France Beats Discrimination Claims Over Gains Tax Breaks
The French government didn't discriminate by denying long-term capital gains tax deductions for securities transactions in mergers between French companies, despite the European Union providing more favorable treatment, the European Court of Human Rights said in a decision released Tuesday.

Trump Issues Fresh Tariff Threats Against EU, Apple
President Donald Trump said that the European Union should face a 50% tariff beginning July 9 because trade negotiations are "going nowhere" and that Apple should pay at least a 25% tariff if it doesn't manufacture iPhones in the U.S.

Tax Court Backs IRS In Multibillion-Dollar Facebook Clash
The U.S. Tax Court largely sided with the IRS on Thursday in a multibillion-dollar tax dispute with Facebook, upholding the agency's approach for valuing the company's intangible property but finding it applied the wrong data points in its analysis.
Featured Stories
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Another Tariff Suit In Trade Court Signals Joint Review
The legal strategy of utilizing U.S. district courts to challenge President Donald Trump's emergency tariffs suffered another blow this week following a failure to keep a stationery company's suit in Florida federal court, leaving stakeholders to anticipate that similar cases will be consolidated for further review.
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Pullman & Comley Hospitality Leader On Travel, Taxes, Tariffs
Hotel owners are cautiously awaiting more clarity on what tariffs will look like going forward, and in the meantime, companies are reluctant to commit to new projects or renovations, Pullman & Comley's hospitality leader recently told Law360.
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The Tax Angle: Year-End Extenders, IRS Direct File
From a look at the possibility of Congress passing a year-end budget and tax extenders bill to efforts to keep the IRS Direct File program afloat, here's a peek into a reporter's notebook on a few of the week's developing tax stories.
Expert Analysis
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Customs Fraud Enforcement In The Age Of Tariffs
In the wake of the Trump administration’s new approach toward tariffs, two recent Justice Department developments demonstrate aggressive customs fraud enforcement, with the DOJ emphasizing competitive harm to American businesses, and signaling that investigations will likely involve both civil and criminal enforcement tools, say attorneys at Bernstein Litowitz and London & Naor.
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Power To The Paralegals: An Untapped Source For Biz Roles
Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.
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How Trucking Cos. Can Keep Rolling Under Tariff Burdens
Recent Trump administration tariffs present major challenges for the transportation and logistics sector — and, in particular, trucking — but providers who focus on operational efficiency, cost control, customer relationships, creative contract structures and unique offerings will stand out from the competition, say attorneys at Benesch.
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$38M Law Firm Settlement Highlights 'Unworthy Client' Perils
A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies.
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Jurisdictional Issues At Play In 9th Circ.'s FCA Trade Case
A decision by the Ninth Circuit in Island Industries v. Sigma Corp. could result in the U.S. Court of International Trade’s exclusive jurisdiction over trade-related FCA cases, a big shift in the enforcement landscape just as tariffs take center stage in trade policy, say attorneys at Haynes Boone.
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Evolving Federal Rules Pose Further Obstacles To NY LLC Act
Following the Financial Crimes Enforcement Network's recent changes to beneficial ownership information reporting under the federal Corporate Transparency Act — dramatically reducing the number of companies required to make disclosures — the utility of New York's LLC Transparency Act becomes less apparent, say attorneys at Pillsbury.
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Reassessing Corporate Separateness After Explosion Of LLCs
Following the dramatic increase of limited liability companies in the U.S., the Corporate Transparency Act's enactment and the Trump administration's subsequent narrowing of that law, it's worth revisiting the underlying legal principles that govern shell companies in order to remedy the problems that initially motivated the CTA, says Jeff Newton at Omni Bridgeway.
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Crisis Management Lessons From The Parenting Playbook
The parenting skills we use to help our kids through challenges — like rehearsing for stressful situations, modeling confidence and taking time to reset our emotions — can also teach us the fundamentals of leading clients through a corporate crisis, say Deborah Solmor at the Wisconsin Alumni Research Foundation and Cara Peterman at Alston & Bird.
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Adapting To Private Practice: From NY Fed To BigLaw
While the move to private practice brings a learning curve, it also brings chances to learn new skills and grow your network, requiring a clear understanding of how your skills can complement and contribute to a firm's existing practice, and where you can add new value, says Meghann Donahue at Covington.
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Top 3 Litigation Finance Deal-Killers, And How To Avoid Them
Like all transactions, litigation finance deals can sometimes collapse, but understanding the most common reasons for failure, including a lack of trust or a misunderstanding of deal terms, can help both parties avoid problems, say Rebecca Berrebi at Avenue 33 and Boris Ziser at Schulte Roth.
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A 2-Step System For Choosing A Digital Asset Reporting Path
Under the Internal Revenue Service's new digital asset reporting regulation, each type of asset may have three potential reporting destinations, so a detailed testing framework can help to determine the appropriate path, says Keval Sonecha at Sonecha & Amlani.
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How Attys Can Use A Therapy Model To Help Triggered Clients
Attorneys can lean on key principles from a psychotherapeutic paradigm known as the "Internal Family Systems" model to help manage triggered clients and get settlement negotiations back on track, says Jennifer Gibbs at Zelle.
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3 Steps For In-House Counsel To Assess Litigation Claims
Before a potential economic downturn, in-house attorneys should investigate whether their company is sitting on hidden litigation claims that could unlock large recoveries to help the business withstand tough times, says Will Burgess at Hilgers Graben.