International
-
May 23, 2025
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
May 22, 2025
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
May 21, 2025
New Zealand Ditches Digital Services Tax Proposal
New Zealand's government has withdrawn a proposal to enact a digital services tax, which was initially planned to take effect this year, saying the country would prefer a global solution to the challenges of taxing the digital economy.
-
May 20, 2025
Trump Gets Fla. Judge To Lob China Tariff Suit To Trade Court
A Florida federal judge Tuesday relinquished jurisdiction over five small businesses' lawsuit challenging President Donald Trump's tariffs on Chinese imports, agreeing with Trump that the case fell within the U.S. Court of International Trade's "exclusive jurisdiction."
-
May 20, 2025
Finance Panel's Dems Pan Trump IRS Pick Over Ethical Issues
Senate Finance Committee Democrats deemed former Rep. Billy Long unfit to lead the IRS during his confirmation hearing Wednesday, citing ethical concerns over his promotion of pandemic-era employee retention claims, and of tribal tax credits they called dubious, while working as a business consultant after leaving Congress.
-
May 20, 2025
Task Force Lays Out Principles For Beneficial Tax Incentives
A task force created by many of the world's largest intergovernmental organizations laid out what it said are the six most important principles for establishing tax incentives in order for countries to achieve the desired social gains while minimizing negative outcomes.
-
May 20, 2025
Tax Credits Beat IP Incentives For R&D, EU Study Finds
Input-based tax incentives such as tax credits and large deductions are more effective at encouraging research and development spending compared with output-based incentives, according to a study by the European Parliament.
-
May 20, 2025
IRS Urged To Scrap Biden-Era Economic Substance Ruling
The National Association of Manufacturers asked the IRS to withdraw a revenue ruling that invokes the economic substance doctrine to disregard certain intercompany transactions, arguing in a letter published Tuesday that it exceeds the agency's authority.
Expert Analysis
-
After Chevron: Uniform Tax Law Interpretation Not Guaranteed
The loss of Chevron deference will significantly alter the relationship between the IRS, courts and Congress when it comes to tax law, potentially precipitating more transparent rulemaking, but also provoking greater uncertainty due to variability in judicial interpretation, say Michelle Levin and Carneil Wilson at Dentons.
-
Texas Ethics Opinion Flags Hazards Of Unauthorized Practice
The Texas Professional Ethics Committee's recently issued proposed opinion finding that in-house counsel providing legal services to the company's clients constitutes the unauthorized practice of law is a valuable clarification given that a UPL violation — a misdemeanor in most states — carries high stakes, say Hilary Gerzhoy and Julienne Pasichow at HWG.
-
How To Clean Up Your Generative AI-Produced Legal Drafts
As law firms increasingly rely on generative artificial intelligence tools to produce legal text, attorneys should be on guard for the overuse of cohesive devices in initial drafts, and consider a few editing pointers to clean up AI’s repetitive and choppy outputs, says Ivy Grey at WordRake.
-
Industry Self-Regulation Will Shine Post-Chevron
The U.S. Supreme Court's Loper decision will shape the contours of industry self-regulation in the years to come, providing opportunities for this often-misunderstood practice, says Eric Reicin at BBB National Programs.
-
3 Ways Agencies Will Keep Making Law After Chevron
The U.S. Supreme Court clearly thinks it has done something big in overturning the Chevron precedent that had given deference to agencies' statutory interpretations, but regulated parties have to consider how agencies retain significant power to shape the law and its meaning, say attorneys at K&L Gates.
-
Atty Well-Being Efforts Ignore Root Causes Of The Problem
The legal industry is engaged in a critical conversation about lawyers' mental health, but current attorney well-being programs primarily focus on helping lawyers cope with the stress of excessive workloads, instead of examining whether this work culture is even fundamentally compatible with lawyer well-being, says Jonathan Baum at Avenir Guild.
-
Unpacking The Circuit Split Over A Federal Atty Fee Rule
Federal circuit courts that have addressed Rule 41(d) of the Federal Rules of Civil Procedure are split as to whether attorney fees are included as part of the costs of a previously dismissed action, so practitioners aiming to recover or avoid fees should tailor arguments to the appropriate court, says Joseph Myles and Lionel Lavenue at Finnegan.
-
After A Brief Hiccup, The 'Rocket Docket' Soars Back To No. 1
The Eastern District of Virginia’s precipitous 2022 fall from its storied rocket docket status appears to have been a temporary aberration, as recent statistics reveal that the court is once again back on top as the fastest federal civil trial court in the nation, says Robert Tata at Hunton.
-
Recruitment Trends In Emerging Law Firm Frontiers
BigLaw firms are facing local recruitment challenges as they increasingly establish offices in cities outside of the major legal hubs, requiring them to weigh various strategies for attracting talent that present different risks and benefits, says Tom Hanlon at Buchanan Law.
-
How Associates Can Build A Professional Image
As hybrid work arrangements become the norm in the legal industry, early-career attorneys must be proactive in building and maintaining a professional presence in both physical and digital settings, ensuring that their image aligns with their long-term career goals, say Lana Manganiello at Equinox Strategy Partners and Estelle Winsett at Estelle Winsett Professional Image Consulting.
-
Firms Must Rethink How They Train New Lawyers In AI Age
As law firms begin to use generative artificial intelligence to complete lower-level legal tasks, they’ll need to consider new ways to train summer associates and early-career attorneys, keeping in mind the five stages of skill acquisition, says Liisa Thomas at Sheppard Mullin.
-
Think Like A Lawyer: Always Be Closing
When a lawyer presents their case with the right propulsive structure throughout trial, there is little need for further argument after the close of evidence — and in fact, rehashing it all may test jurors’ patience — so attorneys should consider other strategies for closing arguments, says Luke Andrews at Poole Huffman.
-
Litigation Inspiration: Attys Can Be Heroic Like Olympians
Although litigation won’t earn anyone an Olympic medal in Paris this summer, it can be worthy of the same lasting honor if attorneys exercise focused restraint — seeking both their clients’ interests and those of the court — instead of merely pursuing every advantage short of sanctionable conduct, says Bennett Rawicki at Hilgers Graben.