International
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April 25, 2025
Sen. Crapo Calls Exec Session For Commerce, Treasury Noms
U.S. Senate Finance Committee Chairman Mike Crapo, R-Idaho, announced Friday that it will hold an executive session Tuesday to consider President Donald Trump's picks for roles at the U.S. Department of Commerce and U.S. Department of the Treasury.
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April 25, 2025
Canada Court OKs Late Tax Assessment For Unreported Gains
A real estate company owes taxes on more than CA$12 million ($8.7 million) in unreported capital gains that tax authorities discovered after the statute of limitations expired, the Tax Court of Canada said in a ruling released Friday, because the company had negligently failed to review its returns.
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April 25, 2025
State Coffers, Businesses Brace For Tariffs' SALT Impacts
President Donald Trump's new tariffs could impose further pressures on state coffers that were already experiencing a slowdown in tax collections while underscoring the need for businesses to ensure they are complying with state sales tax obligations on the charges.
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April 25, 2025
South Africa Backs Off VAT Rate Increase
South Africa won't increase its value-added tax rate to 15.5% as scheduled on May 1, which will cost the country an estimated 75 billion rand ($4 billion), the country's Finance Ministry said.
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April 25, 2025
Belgian Data Watchdog Blocks FATCA Transfers To US
Belgium's data privacy watchdog ruled that a government agency's transfers of personal data to the U.S. tax authority as part of the Foreign Account Tax Compliance Act is prohibited under European law.
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April 25, 2025
Pope Francis Leaves Behind Tax Justice Legacy
Pope Francis, who died Monday at age 88, helped advance calls for tax justice by speaking out against the social costs of tax avoidance and raised awareness of the need for tax reform, according to proponents of income equality.
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April 25, 2025
Taxation With Representation: Dechert, Brown Rudnick
In this week's Taxation With Representation, Boeing sells parts of its digital aviation solutions business to Thoma Bravo, Baker Tilly and Moss Adams join forces, Mobico sells its U.S. school bus business to I Squared Capital, and Apollo commits to a joint venture with Bullrock Energy Ventures.
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April 25, 2025
Nightclub Owner And Accountant Guilty Of £4.9M Tax Fraud
A court has convicted a nightclub owner and his accountant of evading £4.9 million ($6.5 million) in tax, with the venue boss spending the money on luxury cars and a yacht, the U.K. tax authority said Friday.
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April 25, 2025
Gov't Repaid £1.4B In Pension 'Overtaxation' Since 2015
The U.K. government was forced to pay back £44 million ($58.6 million) in the first quarter to people who have been charged too much tax on pension withdrawals, bringing the total repaid to date to £1.4 billion.
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April 24, 2025
Gov't Stands By $1.7M In FBAR Penalties Against Texan
Constitutional law does not stop the U.S. from imposing $1.7 million in penalties against a Texan for failure to report foreign bank accounts, the U.S. told a federal court in arguing against the "myriad" of arguments she has made to dismiss the case.
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April 24, 2025
Methanol Giant's $85M Dividend Chain Ruled Not A Tax Dodge
Dividends totaling $85 million that were paid between subsidiaries of the world's largest methanol producer didn't reach the standard of dodging taxes in Trinidad and Tobago, the top appeals court for some Commonwealth countries ruled, saying the transactions followed the nation's tax law.
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April 24, 2025
Taiwanese Taxpayers Hit By US Tariffs Can Claim Extensions
Businesses and individuals in Taiwan that have difficulties paying their tax bills because of U.S. tariffs can apply for up to a year extension to make their payments or enter into installment plans of up to 36 months, the country's Ministry of Finance said Thursday.
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April 24, 2025
Think Tank Says Tariffs Hit Lower-Income Workers Hardest
President Donald Trump's tariffs currently being collected disproportionately harm lower- and middle-income earners in the U.S., according to an updated study by the Institute on Taxation and Economic Policy.
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April 24, 2025
Cyprus Reaches Double-Tax Agreement With Curaçao
Cyprus and Curaçao have reached an agreement on a treaty to prevent double taxation that will take effect once it is approved by both countries' legislatures, Cyprus' Ministry of Finance said Thursday.
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April 24, 2025
NY Tribunal Says Spouse Who Worked In UK Owes State Tax
A man who worked in London during an unofficial separation from his New York-based spouse qualified as a New York resident for income tax purposes, the state's Tax Appeals Tribunal said in an opinion released Thursday.
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April 24, 2025
HMRC Seeks Comments On Carbon Import Tax Legislation
HM Revenue & Customs asked for public comments Thursday on the draft legislation for the U.K.'s levy on carbon-intensive imports, which is set to come into force in 2027.
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April 24, 2025
UK To Address Chinese Dumping As It Seeks US Trade Deal
The U.K. government announced plans Wednesday to mitigate the risk of cheap goods from China being dumped into British markets while it pursues a trade deal with the U.S. to cancel incoming tariffs.
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April 23, 2025
NY, 11 Other States Sue Trump Administration To Block Tariffs
A dozen states are seeking to block tariffs the Trump administration imposed under the International Emergency Economic Powers Act, claiming in a lawsuit Wednesday the tariffs illegally constitute unprecedented tax hikes on Americans and violate constitutional separations of powers
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April 23, 2025
Russia Seeks Stay In $5B Award Stemming From Loan Dispute
The Russian Federation asked a D.C. federal court to pause enforcing a $5 billion arbitration award compensating Yukos Capital for Russia's alleged expropriation of loans while litigation plays out in a U.S. Supreme Court case involving the jurisdiction of American courts over international arbitration agreements.
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April 23, 2025
Spiking Canadian Capital Gains Tax Hike Would Cost CA$17B
Not following through with proposed adjustments to Canada's capital gains tax inclusion rates would cost the country more than CA$17 billion ($12.2 billion) in projected taxes through the 2029-2030 tax year, the country's parliamentary budget officer said.
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April 23, 2025
Trump Says 145% Tariffs On China Will Fall Significantly
The U.S.' tariffs on China will end up nowhere near 145%, the current level for most Chinese goods, but they will not go away entirely, President Donald Trump said in the Oval Office.
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April 23, 2025
'Bathing Resort' Part Of €20M Seized In Italian VAT Probe
Italian financial police seized assets Wednesday worth €20 million ($22.6 million), including an "exclusive bathing resort," as part of an investigation into a criminal ring suspected of evading €260 million in value-added taxes on fuel, the European Public Prosecutor's Office said.
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April 23, 2025
Eaton Allowed To Redact Employee Docs Before Court Review
Eaton Corp. may redact information about employees' religion and sexual orientation from performance reviews before the court examines them privately in chambers in the company's transfer pricing dispute, an Ohio federal court ruled in a move the government had warned would flout a Sixth Circuit order.
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April 23, 2025
US Tariffs Will Slow Global Economic Growth, IMF Says
The "abrupt increase" in U.S. tariffs has resulted in countermeasures and uncertainty that will significantly slow global economic growth, according to a report from the International Monetary Fund.
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April 23, 2025
Brazilian Cos. Appeal EU Rulings Over Madeira Tax Scheme
Several Brazilian companies are appealing the European Union's court rulings that tax breaks they received in the Madeira Free Trade Zone are considered illegal state aid provided by Portugal, according to the Official Journal of the EU.
Expert Analysis
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Think Like A Lawyer: Dance The Legal Standard Two-Step
From rookie brief writers to Chief Justice John Roberts, lawyers should master the legal standard two-step — framing the governing standard at the outset, and clarifying why they meet that standard — which has benefits for both the drafter and reader, says Luke Andrews at Poole Huffman.
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Lead Like 'Ted Lasso' By Embracing Cognitive Diversity
The Apple TV+ series “Ted Lasso” aptly illustrates how embracing cognitive diversity can be a winning strategy for teams, providing a useful lesson for law firms, which can benefit significantly from fresh, diverse perspectives and collaborative problem-solving, says Paul Manuele at PR Manuele Consulting.
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Now More Than Ever, Lawyers Must Exhibit Professionalism
As society becomes increasingly fractured and workplace incivility is on the rise, attorneys must champion professionalism and lead by example, demonstrating how lawyers can respectfully disagree without being disagreeable, says Edward Casmere at Norton Rose.
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Reading Between The Lines Of Justices' Moore Ruling
The U.S. Supreme Court's recent Moore v. U.S. decision, that the Internal Revenue Code Section 965 did not violate the 16th Amendment, was narrowly tailored to minimally disrupt existing tax regimes, but the justices' various opinions leave the door open to future tax challenges and provide clues for what the battles may look like, say Caroline Ngo and Le Chen at McDermott.
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A Midyear Forecast: Tailwinds Expected For Atty Hourly Rates
Hourly rates for partners, associates and support staff continued to rise in the first half of this year, and this growth shows no signs of slowing for the rest of 2024 and into next year, driven in part by the return of mergers and acquisitions and the widespread adoption of artificial intelligence, says Chuck Chandler at Valeo Partners.
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States Should Loosen Law Firm Ownership Restrictions
Despite growing buzz, normalized nonlawyer ownership of law firms is a distant prospect, so the legal community should focus first on liberalizing state restrictions on attorney and firm purchases of practices, which would bolster succession planning and improve access to justice, says Michael Di Gennaro at The Law Practice Exchange.
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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.
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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.
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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.
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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.
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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.
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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.
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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.