International

  • March 10, 2025

    Tariff Shifts Creating Compliance Chaos For Energy Cos.

    The unpredictability of President Donald Trump's tariff maneuvers is challenging energy companies' ability to comply with fluctuating mandates and making tariff violations more likely.

  • March 10, 2025

    EU Tax Revenue Hits €6.7T, Lowest GDP Share Since 2011

    While European Union members' collective tax revenue was up nearly 5% to more than €6.7 trillion ($7.3 trillion) in 2023, tax revenue as a share of gross domestic product in the bloc was the lowest it has been since 2011 thanks to inflation, a news release said Monday.

  • March 10, 2025

    Ex-Credit Suisse Client Pleads Guilty To Hiding $90M

    A Colombian-American businesswoman and former Credit Suisse client pled guilty Monday in Florida federal court to conspiring with family members to hide more than $90 million in assets from the IRS through a series of foreign bank accounts.

  • March 10, 2025

    Feds Sue FDIC For $1.9M For First Republic Tax Bill

    The U.S. government sued the Federal Deposit Insurance Corp. in D.C. federal court as receiver for the failed First Republic Bank, alleging the bank understated its withholding tax for U.S.-sourced income of foreigners and now owes almost $2 million to the federal government.

  • March 10, 2025

    Treasury's CTA Halt Doesn't Justify Block, Feds Tell 5th Circ.

    The U.S. Treasury Department halting enforcement of the Corporate Transparency Act on domestic entities doesn't add justification to a nationwide block on the law because it's a valid exercise of Congress' powers to regulate commerce, taxes, foreign affairs and national security, the U.S. government told the Fifth Circuit.

  • March 10, 2025

    Court Affirms FBAR Penalties Against Estate, Not Widow

    The estate of a man who failed to report his Swiss bank accounts is liable for tax penalties of at least $2 million, an Idaho federal court determined, finding the man's widow off the hook.

  • March 10, 2025

    Tax Pro Rejoins Norton Rose From Reed Smith In Houston

    Norton Rose Fulbright announced Monday that it has bulked up in the face of increased demand in the corporate transactions space with the return of a tax partner in Houston who came aboard from Reed Smith LLP.

  • March 10, 2025

    Int'l Tax Changes Can Help Gender Equality, Economists Say

    Countries could address persistent gender gaps in tax systems by overhauling their approach for wealthy individuals and multinational corporations, according to a group of economists, who said low female shares of capital income and wealth currently limit related tax benefits.

  • March 10, 2025

    German Election Raises Doubts About Pillar 2 From Tax Pros

    The new German government could end up abandoning the international corporate minimum tax agreement known as Pillar Two because of rising competition between the U.S. and Europe, experts told Law360.

  • March 07, 2025

    Mauritius Government Lawyer Joins CMS Affiliate

    CMS said an attorney with more than a decade of experience as a Mauritius government lawyer has joined CMS Prism, the firm's Mauritian affiliate.

  • March 07, 2025

    NFTC Supports Broader, Elective Adoption Of Amount B

    The U.S.' proposed adoption of the OECD's approach to pricing certain cross-border transactions, known as Amount B, should go beyond just marketing and distribution activities, the National Foreign Trade Council said Friday, suggesting it be extended to services and other baseline activities.

  • March 07, 2025

    Calif. Man Must Pay $230K In FBAR Penalties After Default

    A federal court ordered a Californian accused of withholding reports of his Swiss bank accounts from the Internal Revenue Service to pay more than $230,000 after awarding the U.S. government a default judgment.

  • March 07, 2025

    Peru Broke Trade Deal, Scotiabank Tells Arbitrators

    Scotiabank asked the World Bank's international arbitration institution to consider a new argument in a value-added tax dispute with the Peruvian government, saying Peru's treatment of the bank violated a trade agreement with Canada.

  • March 07, 2025

    Taxation With Representation: Kirkland, Wachtell, Skadden

    In this week's Taxation With Representation, Walgreens Boots Alliance goes private via a deal with Sycamore Partners, Honeywell buys Sundyne from Warburg Pincus, and Jazz Pharmaceuticals acquires Chimerix.

  • March 07, 2025

    Four Men Imprisoned For 43 Yrs For Money Laundering Plot

    Four men involved in a plot to launder £266 million ($343 million) in criminal cash were on Friday sentenced to a total of more than 43 years in prison, in one of the biggest cases of its kind ever prosecuted in England.

  • March 07, 2025

    2 Arrested In €64M VAT Fraud Involving VoIP In Italy

    Italian authorities arrested two people in connection with a €64 million ($69 million) value-added tax fraud scheme involving services that let users make phone calls via the internet, the European Public Prosecutor's Office said Friday.

  • March 07, 2025

    Switzerland Opens FATCA Consultation

    The Swiss government is holding a consultation on the details of a new, reciprocal agreement for exchanging financial data with the U.S. under the Foreign Account Tax Compliance Act, according to a statement Friday.

  • March 06, 2025

    €130B In Added Revenue ID'd By OECD Info Exchanges

    International implementation of the Organization for Economic Cooperation and Development's exchange of information programs identified €130 billion ($140 billion) in additional tax revenue from 2009 through 2023, with roughly a third of that added revenue — €45 billion — identified by developing nations, the OECD said Thursday.

  • March 06, 2025

    Mining Co. Seeks Arbitration Of $7B Dispute With Venezuela

    The subsidiary of a Bermuda-based mining company asked an international arbitration institution to settle a dispute in excess of $7 billion against the Venezuelan government, saying its actions damaged the company's investments in a mining project.

  • March 06, 2025

    Trump Gives Mexico A Break Until April From New Tariffs

    President Donald Trump announced Thursday an almost monthlong exemption for most Mexican imports to tariffs he had placed on the country over drug trafficking concerns, as Mexico President Claudia Sheinbaum pointed to data showing border seizures of fentanyl dropped 70% since she took office.

  • March 06, 2025

    Bank Of England Official Warns Of US Tariff Threat

    U.S. tariffs and related trade tensions could pose "substantial" risks to the U.K. and world economies, Bank of England Governor Andrew Bailey told British lawmakers.

  • March 06, 2025

    Trump's Value-Added Tax Focus In Tariff Plan Stirs Angst

    President Donald Trump's call to target value-added taxes in his reciprocal tariff plan could distort global supply chains and create additional burdens for U.S. companies, contrary to his stated goals of lowering prices for consumers and boosting business, experts told Law360.

  • March 06, 2025

    HMRC Shuttering Its Online Biz Tax Filing Service In 2026

    Companies that use HM Revenue & Customs' online service to file their accounts and tax returns will need to use commercial software starting in 2026, the U.K. agency announced Thursday, saying the service didn't meet modern digital standards.

  • March 06, 2025

    Fried Frank Hires White & Case Partner For NY Office

    Fried Frank Harris Shriver & Jacobson LLP announced it appointed a longtime White & Case LLP partner to serve as senior counsel in the firm's mergers and acquisitions and private equity practices. 

  • March 05, 2025

    Nixon Peabody Hires Former Sheppard Mullin Partner In NY

    Nixon Peabody LLP said Wednesday that a former Sheppard Mullin Richter & Hampton LLP partner has joined the New York office as a partner on the firm's nonprofit organizations team.

Expert Analysis

  • 4 PR Pointers When Your Case Is In The News

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    Media coverage of new lawsuits exploded last year, demonstrating why defense attorneys should devise a public relations plan that complements their legal strategy, incorporating several objectives to balance ethical obligations and advocacy, say Nathan Burchfiel at Pinkston and Ryan June at Castañeda + Heidelman.

  • Unpacking The Proposed Production Tax Credit Regulations

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    Recently proposed tax regulations for claiming the U.S. clean-energy manufacturers' production credit under Internal Revenue Code Section 45X are less stringent than many had feared but fail to define a fundamental eligibility requirement, say Casey August and Jared Sanders at Morgan Lewis.

  • 10 Considerations For Litigating A New York Tax Case

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    While some of New York’s recently adopted corporate tax regulations are likely to face legal challenges, aggrieved taxpayers should answer certain questions before deciding to embark on the tax litigation process, say Cyavash Ahmadi and Jeffrey Friedman at Eversheds Sutherland.

  • Law Firm Strategies For Successfully Navigating 2024 Trends

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    Though law firms face the dual challenge of external and internal pressures as they enter 2024, firms willing to pivot will be able to stand out by adapting to stakeholder needs and reimagining their infrastructure, says Shireen Hilal at Maior Consultants.

  • Attorneys' Busiest Times Can Be Business Opportunities

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    Attorneys who resolve to grow their revenue and client base in 2024 should be careful not to abandon their goals when they get too busy with client work, because these periods of zero bandwidth can actually be a catalyst for future growth, says Amy Drysdale at Alchemy Consulting.

  • How Attorneys Can Be More Efficient This Holiday Season

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    Attorneys should consider a few key tips to speed up their work during the holidays so they can join the festivities — from streamlining the document review process to creating similar folder structures, says Bennett Rawicki at Hilgers Graben.

  • How Clients May Use AI To Monitor Attorneys

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    Artificial intelligence tools will increasingly enable clients to monitor and evaluate their counsel’s activities, so attorneys must clearly define the terms of engagement and likewise take advantage of the efficiencies offered by AI, says Ronald Levine at Herrick Feinstein.

  • The Pop Culture Docket: Judge D'Emic On Moby Grape

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    The 1968 Moby Grape song "Murder in My Heart for the Judge" tells the tale of a fictional defendant treated with scorn by the judge, illustrating how much the legal system has evolved in the past 50 years, largely due to problem-solving courts and the principles of procedural justice, says Kings County Supreme Court Administrative Judge Matthew D'Emic.

  • Breaking Down High Court's New Code Of Conduct

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    The U.S. Supreme Court recently adopted its first-ever code of conduct, and counsel will need to work closely with clients in navigating its provisions, from gift-giving to recusal bids, say Phillip Gordon and Mateo Forero at Holtzman Vogel.

  • Legal Profession Gender Parity Requires Equal Parental Leave

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    To truly foster equity in the legal profession and to promote attorney retention, workplaces need to better support all parents, regardless of gender — starting by offering equal and robust parental leave to both birthing and non-birthing parents, says Ali Spindler at Irwin Fritchie.

  • A Year-End Look At Florida's Capital Investment Tax Credit

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    Notwithstanding the Walt Disney Co.’s feud with Gov. Ron DeSantis this year, Florida's capital investment tax credit will continue to make the state a favored destination for large corporations, particularly in light of the new federal alternative minimum tax and the Pillar Two top-up tax, says Alan Lederman at Gunster.

  • Understanding Discovery Obligations In Era Of Generative AI

    Excerpt from Practical Guidance
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    Attorneys and businesses must adapt to the unique discovery challenges presented by generative artificial intelligence, such as chatbot content and prompts, while upholding the principles of fairness, transparency and compliance with legal obligations in federal civil litigation, say attorneys at King & Spalding.

  • The Case For Post-Bar Clerk Training Programs At Law Firms

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    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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