International
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July 15, 2026
Pillar 2 Revenue Intake Falls Short Of Predictions, OECD Says
The worldwide corporate 15% minimum tax agreement known as Pillar Two has so far brought in less revenue than expected, the Organization for Economic Cooperation and Development said Wednesday.
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July 15, 2026
EU Court Says Danish VAT Rule Must Truly Target Tax Evasion
Denmark can set a 100% minimum ownership threshold for businesses wishing to form a VAT group only if national courts deem the requirement necessary and proportionate for combating tax abuse, a European Union court said Wednesday.
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July 14, 2026
Bike Seller Says IRS' Undervaluation Caused $3M Deficiency
A California bicycle seller told the U.S. Tax Court that the IRS' faulty appraisal of its value caused the agency to mischaracterize a transaction with its parent company as a discharge of indebtedness and a $15.5 million income increase, leading to a $3.3 million deficiency assessment.
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July 14, 2026
IRS Ethics Guidance Highlights AI Billing Tensions
Recent IRS ethics guidance urged attorneys to acknowledge the time-saving features of artificial intelligence when billing clients, underlining the legal industry's ongoing reckoning with how, or if, this technology fits into the traditional practice of charging by the hour.
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July 14, 2026
Port Co. Can't Claim Tax Breaks On £57M, Tribunal Told
A London tribunal was wrong to rule that Liverpool's port operator can claim tax allowances on £57.1 million ($76.4 million) spent constructing part of a deep-water container terminal, the U.K. tax authority argued Tuesday.
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July 14, 2026
US Refunded $49.2B In Tariffs Last Month, Treasury Says
The U.S. government issued tariff refunds totaling more than $49.2 billion in June, dragging down customs duties to account for a monthly net loss of $25.5 billion in the federal accounts, according to the U.S. Department of the Treasury.
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July 14, 2026
3 Convicted In €50M German VAT Fraud With Cars, Masks
A Berlin court convicted three individuals, including a tax adviser, tied to a €50 million ($57.1 million) value-added tax fraud involving luxury vehicles and medical face masks, the European Public Prosecutor's Office said Tuesday.
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July 14, 2026
Greece Seizes Evidence In Suspected €46.9M VAT Fraud
Greek authorities seized evidence and assets from companies tied to a suspected value-added tax fraud scheme involving small electronic goods that produced €46.9 million ($53.6 million) in lost tax revenue, the European Public Prosecutor's Office said Tuesday.
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July 14, 2026
EU Tax Lead Urges Reconsideration Of Interest Limit Rule
Policymakers should reflect on the rationale behind the European Union's interest limitation rule — a tool that can increase firms' tax bases — as it is hitting companies that aren't circumventing tax mandates, a senior EU official said Tuesday.
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July 13, 2026
Israeli Law Firm Counters Gov't Bid To Toss GILTI Reg Suit
An Israeli law firm asked the D.C. federal court Monday to disregard the government's attempt to end its suit aiming to scrap regulations that implemented the 2017 tax law's global intangible low-taxed income regime, arguing that its case is strong enough for a quick win.
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July 13, 2026
McKesson Says IRS Overreads Law Backing Pricing Rules
Pharmaceutical giant McKesson asked a Texas federal court to invalidate transfer pricing regulations that underpin the company's $10 million tax refund bid, arguing the U.S. government mistakenly thinks the underlying statute gives the IRS "near-limitless authority" to define key terms.
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July 13, 2026
Biofuel Tax Fraudster Loses Bid For Extra Sentence Reduction
A Utah federal judge declined to reduce further the original sentence of an accomplice in a $500 million biofuel production tax credit fraud scheme, finding that his prior reduction to 12 years had sufficiently reflected his cooperation in the trial of another defendant.
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July 13, 2026
US Biz Group Urges EU To Honor Side-By-Side Treatment
A lobbying group representing U.S. companies called on the European Union to respect the country's side-by-side agreement as the bloc continues to work on a tax simplification overhaul.
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July 13, 2026
UK Gov't To Implement Side-By-Side Tax Rules
Britain's tax authority set out new rules for the U.K.'s top-up tax regime, including the side-by-side safe harbor rule for U.S. multinational companies, according to a policy paper published Monday.
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July 13, 2026
Bin Maker Too Late To Appeal £161K Tax Bill, Tribunal Says
A trash bin maker is time-barred from appealing more than £161,000 ($215,000) in customs duties and import value-added tax levied on its products, the First-tier Tribunal said in a decision.
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July 13, 2026
UK To Exempt Stablecoins From Capital Gains Tax
Britain's tax authority will allow a capital gains tax exemption for disposals of stablecoins pegged to a fiat currency or other tangible assets, according to a policy paper published Monday.
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July 13, 2026
HMRC Sets Out Oil & Gas Levy To Replace Windfall Tax
Britain's tax authority laid out the new tax regime for North Sea oil and gas to replace the windfall levy on energy giants in a policy paper published Monday.
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July 10, 2026
US-Canada Stalemate Expected To Hold Amid USMCA Review
The trade stalemate between the U.S. and Canada is likely to continue through a drawn-out review process for the U.S.-Mexico-Canada Agreement, though companies will benefit from an underlying level of stability as the deal remains in effect, trade lawyers said.
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July 10, 2026
German, Dutch Arrest 2 In €300M VAT Fraud Involving Autos
German and Dutch authorities have arrested two individuals linked to a group involved in a value-added tax fraud with imported cars that has created around €300 million ($342 million) in estimated losses, the European Public Prosecutor's Office in Cologne said Friday.
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July 10, 2026
Vague IRS Rules Should Nix Foreign Gift Penalties, Court Told
A California civil service worker asked a federal court to waive penalties imposed by the IRS over her failure to report wedding gifts received from family in China, contending the agency was unclear about filing requirements.
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July 10, 2026
Taxation With Representation: Cleary, Paul Weiss, Fried Frank
In this week's Taxation With Representation, Solstice Advanced Materials Inc. acquires specialty chemicals technology company Element Solutions Inc., Vertex Pharmaceuticals Inc. buys Crinetics Pharmaceuticals Inc., and Lockheed Martin acquires naval defense company Ultra Maritime.
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July 10, 2026
Min.-Tax Safe Harbor Will Curb Hassles, OECD Official Says
Complying with the global minimum tax will not be difficult for businesses when the permanent safe harbor — a policy add-on to simplify the process — kicks in, a senior official from the Organization for Economic Cooperation and Development said Friday.
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July 10, 2026
Labor Tax Reliance Riskier In Aging World, EU Report Warns
Labor levy revenues make up an increasingly greater share of tax takings in the European Union, although the stability of this income is in jeopardy as populations age, the European Commission warned Friday in its annual tax report.
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July 09, 2026
US Pillar 2 Deal Cuts UK Tax Take By £600M, Report Says
The U.K.'s tax revenue from the global minimum corporate rate will fall by around £600 million ($804.7 million) annually as a result of U.S. corporate giants' exemption from the rules, according to a parliamentary report published Friday.
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July 09, 2026
France Pushes Back Deadline For Minimum Tax Returns
France will allow multinational corporations to file information declarations for the 15% global minimum tax until Sept. 1, extending the deadline from the end of June, the Ministry of Public Action and Accounts said Thursday.
Expert Analysis
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How The CRE Industry Is Adapting To Tariff Uncertainty
Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.
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Law Firm Executive Orders Create A Legal Ethics Minefield
Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.
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Trade Policy Shifts Raise Hurdles For Gov't And Cos. Alike
The persistent tension between the Trump administration's fast-moving and aggressive trade policies and the compliance-heavy nature of the trade industry creates implementation challenges for both the business community and the government, says Sara Schoenfeld at Kamerman.
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Firms Must Embrace Alternative Billing Models Or Fall Behind
As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.
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How Attorneys Can Master The Art Of On-Camera Presence
As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.
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Firms Still Have Lateral Market Advantage, But Risks Persist
Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.
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We Must Allow Judges To Use Their Independent Judgment
As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.
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Preparing For Tariffs On Canadian Power In The Northeast
The on-again, off-again risk of import and export tariffs on energy transactions between the U.S. and Canada may have repercussions for U.S. energy stakeholders in the ISO New England and New York Independent System Operator electricity markets — but there are options that could help reduce cost impacts, say attorneys at Husch Blackwell.
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Making The Case For Rest In The Legal Profession
For too long, a culture of overwork has plagued the legal profession, but research shows that attorneys need rest to perform optimally and sustainably, so legal organizations and individuals must implement strategies that allow for restoration, says Marissa Alert at MDA Wellness, Carol Ross-Burnett at CRB Global, and Denise Robinson at The Still Center.
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Mitigating Tariff Risks For Healthcare In US And Canada
Healthcare stakeholders should take steps to evaluate the impact of cross-border tariffs, as the historically strong ties between Canada and the U.S. demonstrate the potential for real disruption and harm to the healthcare industry in both countries, say attorneys at Norton Rose.
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4 Ways Women Attorneys Can Build A Legal Legacy
This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 10 minutes to make a plan, says Jackie Prester, a former shareholder at Baker Donelson.
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A Judge's Pointers For Adding Spice To Dry Legal Writing
U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.
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7 Tips For Associates To Thrive In Hybrid Work Environments
Excerpt from Practical Guidance
As the vast majority of law firms have embraced some type of hybrid work policy, associates should consider a few strategies to get the most out of both their in-person and remote workdays, says James Argionis at Cozen O’Connor.