International
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April 04, 2025
Limited Corp. Disclosure Regs May Spark Legal Challenges
The U.S. Treasury Department's newly narrowed information disclosure regulations, which cover less than 1% of the 33 million small businesses operating in the U.S., likely lay the groundwork for legal challenges contending that the guidance flouts underlying corporate transparency legislation.
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April 04, 2025
Bulgarian Tax Authorities Violated EU VAT Law, ECJ Rules
Bulgarian tax authorities violated European Union value-added tax law by removing a construction company from the nation's VAT registry for nonpayment of taxes without conducting a thorough investigation into whether it should be stricken, the European Court of Justice ruled.
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April 04, 2025
Ireland Seeks Feedback On R&D Tax Credit Regime
Ireland's Ministry of Finance is looking for input on the country's research and development tax credit system, asking for comments on whether it's still operating effectively and how it could be improved.
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April 04, 2025
The Tax Angle: Dueling Economic Outlooks For TCJA Renewal
From a look at opposite economic projections for renewing the 2017 Tax Cuts and Jobs Act during the Senate debate on the Republicans' fiscal 2026 budget resolution, here's a peek into a reporter's notebook on a few of the week's developing tax stories.
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April 04, 2025
Norway Proposes New Digital, Crypto Tax Disclosures
Digital services platforms and certain crypto-asset platforms doing business in Norway would be required to submit information on their users to the country's tax administration under a proposal from the Ministry of Finance on Friday.
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April 04, 2025
China Issues Tariffs, WTO Challenge To Hit Back At Trump
Chinese officials began honing their response to the Trump administration's expansive new tariffs on Friday, setting up retaliatory duties and announcing plans for a challenge at the World Trade Organization.
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April 04, 2025
Taxation With Representation: Ropes & Gray, Paul Hastings
In this week's Taxation With Representation, Siemens AG acquires Dotmatics from Insight Partners, LPL Financial acquires Commonwealth Financial Network, Brookfield Asset Management takes a majority stake in Angel Oak Cos., and TowneBank acquires Old Point Financial Corp.
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April 04, 2025
Denmark's £56M Cum-Ex Fraud Case Struck Out On Appeal
Denmark's roughly £56 million ($72 million) tax refund fraud claim against an English brokerage was struck out Friday after a London appeals court ruled that an issue "fundamental" to the case had been decided in earlier proceedings.
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April 03, 2025
EU Top Court Backs €4.2M Tax Levy Against Game Developer
Lithuanian tax authorities did not err when disallowing a video games company's tax deductions for dividends it received from a subsidiary, resulting in a charge of €4.2 million ($4.6 million) in taxes, interest and penalties, the European Union's top court said Thursday.
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April 03, 2025
DOGE Cuts Overlook Long-Standing Bids To Improve IRS
As President Donald Trump moves to downsize the federal government, the new administration may be missing an opportunity to evaluate long-standing proposals that aim to make the Internal Revenue Service run more efficiently, such as major technology upgrades and improving the dispute resolution process.
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April 03, 2025
Taiwan's Executive Calls US Tariffs 'Totally Unreasonable'
Taiwan's executive branch said Thursday that the new U.S. tariffs of 32% on all goods from the island are "totally unreasonable," questioning the "scientific basis" of the U.S. government's methodology.
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April 03, 2025
Senate Passes Long-Shot Bill To End Trump's Canada Tariffs
The U.S. Senate on Wednesday evening passed a resolution to eliminate the national emergency President Donald Trump declared to impose 25% tariffs on Canadian imports, but the measure is likely to stall in the House and certain to be vetoed.
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April 03, 2025
Japan To Subsidize Biz Affected By Trump's Tariffs, PM Says
Japan's government is planning to subsidize businesses affected by the U.S. placing a 24% tariff on all goods imported from the country and to relax requirements for government loans, Prime Minister Shigeru Ishiba said Thursday.
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April 03, 2025
EU Authorities Arrest 3 In €50M VAT Fraud Investigation
Authorities have arrested three people for their alleged ties to a €50 million ($55 million) value-added tax fraud scheme involving the trade of electronic goods, the European Public Prosecutor's Office said Thursday, tying this fraud to a larger €195 million scheme that is still under investigation.
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April 03, 2025
South Korea To Support Industries Hit By US Tariffs
Acting South Korean President Han Duck-soo called Thursday for support to industries like automobiles and others affected by the "global tariff war" that he said was kicked off by the U.S. when it placed a 25% tariff on the country, according to local media.
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April 03, 2025
Group Seeks To Block Swedish Tax Agency From Selling Data
The Swedish Tax Agency has flouted the country's Supreme Court by continuing to sell taxpayers' personal information to data brokers, an Austrian nonprofit organization told an administrative court in a petition seeking to block the practice.
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April 03, 2025
UK Gov't Preparing List Of US Goods For Tariffs
The U.K. government revealed a list of U.S. goods it might target with tariffs in response to the tariffs on British goods announced by the Trump administration, according to a statement Thursday.
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April 02, 2025
Attys Call Ending DOJ Tax Division 'Epic Failure' In Efficiency
The U.S. Department of Justice's plan to dissolve its Tax Division would jeopardize effective tax enforcement nationwide, a slew of tax controversy lawyers told the DOJ Wednesday, saying such a move would defeat President Donald Trump's stated overarching goal to improve government efficiency.
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April 02, 2025
Trump Unveils New Tariffs On Dozens Of Countries
President Donald Trump announced sweeping tariffs on major trading partners Wednesday, including a 10% rate on all goods entering the U.S. to take effect later this week, in a "declaration of economic independence" he says will jump-start domestic industry and production.
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April 02, 2025
6th Circ. Orders Private Review Of Docs In Eaton Tax Case
The Sixth Circuit granted a request by multinational power company Eaton Corp. to order a lower court to review in chambers sensitive performance evaluations in its transfer pricing case challenging an Internal Revenue Service summons for its European employee records.
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April 02, 2025
Ireland's Net Green Tax Revenue Totals €128M, Report Says
Ireland's tax system is climate-positive, with the country's budget for 2025 projected to collect €128 million ($139 million) more from tax policies designed to help the environment than from policies that reward climate-negative activities, the Department of Finance said in a report.
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April 02, 2025
Israel's Carbon Tax Doesn't Go Far Enough, OECD Says
Israel's carbon tax, which went into effect at the start of the year, applies too low a rate to natural gas, the Organization for Economic Cooperation and Development said Wednesday, calling on the country to bring its carbon prices in line with OECD standards.
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April 02, 2025
Control Of Kyocera's $7M Refund Suit Handed To Tax Court
The U.S. Tax Court holds jurisdiction over Kyocera's case for an approximately $7 million refund after it challenged an overlapping IRS assessment in the specialized tribunal, a South Carolina federal court ruled, agreeing with the company and the U.S. Department of Justice.
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April 02, 2025
South Korea, Andorra Tax Treaty Enters Into Force
A treaty to prevent double taxation on income and investments between South Korea and Andorra has entered into force, the South Korean Ministry of Finance announced, following approval of the agreement by the countries' legislatures.
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April 02, 2025
EU Digital Tax Could Bring In €37.5B By 2026, Report Says
A European Union digital services tax could raise €37.5 billion ($40.7 billion) in revenue by 2026, according to a report Wednesday from a Brussels-based research organization, which recommended the bloc reexamine its paused DST proposal.
Expert Analysis
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Fishing Makes Me A Better Lawyer
Atop the list of ways fishing makes me a better lawyer is the relief it offers from the chronic stress of a demanding caseload, but it has also improved my listening skills and patience, and has served as an exceptional setting for building earnest relationships, says Steven DeGeorge at Robinson Bradshaw.
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A Healthier Legal Industry Starts With Emotional Intelligence
The legal profession has long been plagued by high rates of mental health issues, in part due to attorneys’ early training and broader societal stereotypes — but developing one’s emotional intelligence is one way to foster positive change, collectively and individually, says attorney Esperanza Franco.
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To Make Your Legal Writing Clear, Emulate A Master Chef
To deliver clear and effective written advocacy, lawyers should follow the model of a fine dining chef — seasoning a foundation of pure facts with punchy descriptors, spicing it up with analogies, refining the recipe and trimming the fat — thus catering to a sophisticated audience of decision-makers, says Reuben Guttman at Guttman Buschner.
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Circuit Judge Writes An Opinion, AI Helps: What Now?
Last week's Eleventh Circuit opinion in Snell v. United Specialty Insurance, notable for a concurrence outlining the use of artificial intelligence to evaluate a term's common meaning, is hopefully the first step toward developing a coherent basis for the judiciary's generative AI use, says David Zaslowsky at Baker McKenzie.
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Trauma-Informed Legal Approaches For Pro Bono Attorneys
As National Trauma Awareness Month ends, pro bono attorneys should nevertheless continue to acknowledge the mental and physical effects of trauma, allowing them to better represent clients, and protect themselves from compassion fatigue and burnout, say Katherine Cronin at Stinson and Katharine Manning at Blackbird.
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How Attys Can Avoid Pitfalls When Withdrawing From A Case
The Trump campaign's recent scuffle over its bid to replace its counsel in a pregnancy retaliation suit offers a chance to remind attorneys that many troubles inherent in withdrawing from a case can be mitigated or entirely avoided by communicating with clients openly and frequently, says Christopher Konneker at Orsinger Nelson.
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Using A Children's Book Approach In Firm Marketing Content
From “The Giving Tree” to “Where the Wild Things Are,” most children’s books are easy to remember because they use simple words and numbers to tell stories with a human impact — a formula law firms should emulate in their marketing content to stay front of mind for potential clients, says Seema Desai Maglio at The Found Word.
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New Crypto Reporting Will Require Rigorous Recordkeeping
The release of a form for reporting digital asset transactions is a pivotal moment in the Internal Revenue Service's efforts to track cryptocurrency activities that increases oversight by requiring brokers to report investor sales and exchanges, say Shaina Kamen and Max Angel at Holland & Knight.
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Exploring An Alternative Model Of Litigation Finance
A new model of litigation finance, most aptly described as insurance-backed litigation funding, differs from traditional funding in two key ways, and the process of securing it involves three primary steps, say Bob Koneck, Christopher Le Neve Foster and Richard Butters at Atlantic Global Risk LLC.
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A Vision For Economic Clerkships In The Legal System
As courts handle increasingly complex damages analyses involving vast amounts of data, an economic clerkship program — integrating early-career economists into the judicial system — could improve legal outcomes and provide essential training to clerks, say Mona Birjandi at Data for Decisions and Matt Farber at Secretariat.
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A Look At New IRS Rules For Domestically Controlled REITs
The Internal Revenue Services' finalized Treasury Regulations addressing whether real estate investment trusts qualify as domestically controlled adopt the basic structure of previous proposals, but certain new and modified rules may mitigate the regulations' impact, say attorneys at Simpson Thacher.
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E-Discovery Quarterly: Recent Rulings On Text Message Data
Electronically stored information on cellphones, and in particular text messages, can present unique litigation challenges, and recent court decisions demonstrate that counsel must carefully balance what data should be preserved, collected, reviewed and produced, say attorneys at Sidley.
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Don't Use The Same Template For Every Client Alert
As the old marketing adage goes, consistency is key, but law firm style guides need consistency that contemplates variety when it comes to client alert formats, allowing attorneys to tailor alerts to best fit the audience and subject matter, says Jessica Kaplan at Legally Penned.