International
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May 27, 2025
Novelist Facing FBAR Penalties Says She Relied On CPAs
A California-based Japanese novelist should not have to face $715,000 in penalties for unreported Swiss bank accounts, she told a federal court, contending that any nondisclosure was the result of an honest misunderstanding shared by her certified public accountants.
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May 27, 2025
15 EU States Seek To Fast-Track Tobacco Tax Reform Plans
Government officials representing 15 European Union member states called on the European Commission on Tuesday to fast-track plans to make changes to the bloc's tobacco tax policy.
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May 27, 2025
Suspected Ringleader Of €520M VAT Scheme Turns Self In
The suspected ringleader of a €520 million ($589 million) value-added tax fraud scheme that was under a cross-border investigation has turned himself in, law enforcement agencies said Tuesday.
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May 27, 2025
EU Eyes Simplifying CBAM With Omnibus Measures
The Council of the European Union said Tuesday that it will push ahead with talks to simplify the carbon border adjustment mechanism as part of the EU's green policies.
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May 23, 2025
Trade Court Says Wis. Man Can't Sue Over Trump Tariffs
The U.S. Court of International Trade dismissed a Wisconsin resident's case against President Donald Trump's tariffs Friday, holding that the man's allegations of economic injury are too speculative to create standing to sue.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Expert Analysis
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How BigLaw Executive Orders May Affect Smaller Firms
Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.
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Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Tariffs And FCA Create Perfect Storm For Importers
The Trump administration's aggressive tariff policies pose a high risk to certain importation practices that are particularly likely to trigger False Claims Act enforcement, say attorneys at Jeffer Mangels.
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US Reassessment Of OECD Tax Deal Is Right Move
The wholesale U.S. reevaluation of the Organization for Economic Cooperation and Development's global tax deal ordered by President Donald Trump is a positive step that could ultimately create a more durable international tax system, says Anne Gordon at the National Foreign Trade Council.
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Measuring And Mitigating Harm From Discriminatory Taxes
In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.
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Adapting To Private Practice: From DOJ Leadership To BigLaw
The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.
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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.