International
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April 09, 2025
Canada Retaliates With 25% Tariffs On US Cars And Parts
Canada began slapping 25% tariffs on American cars and parts Wednesday as retaliation against tariffs on Canadian products implemented by President Donald Trump, the country's Department of Finance announced.
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April 09, 2025
Eaton Asks To Redact Docs Before Court Review Of Tax Case
Multinational power company Eaton Corp. asked an Ohio district court to allow it to redact information related to employees' sexual orientation and religious beliefs before the court's Sixth Circuit-ordered review of their records, saying such information isn't relevant to its transfer pricing dispute.
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April 09, 2025
EU Votes To Hike Levies In Response To US Metal Tariffs
The European Union approved raising tariffs on U.S. goods in response to President Donald Trump's tariffs on steel and aluminum imposed in March, although the bloc has not yet made public the final list of products affected.
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April 09, 2025
US Tariffs Threaten Global Growth, Bank Of England Says
The U.S. government's tariff policy has created intense uncertainty for global trade and has increased risks to economic growth around the world, the Bank of England warned Wednesday.
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April 08, 2025
Feds Call Exec Charged With Tax Evasion A Flight Risk
An aerospace company founder facing tax evasion and other fraud charges should remain in pretrial detention because he's a major flight risk, prosecutors told a D.C. federal court.
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April 08, 2025
Poland To Consider Updates To Global Minimum Tax
Poland's Legislature will consider adopting administrative guidance for its implementation of the Organization for Economic Cooperation and Development's global corporate minimum tax later this year, according to an administrative agenda.
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April 08, 2025
South Korea Readies Steps For Responding To US Tariffs
South Korea will monitor other countries' responses to tariffs, try to negotiate with the U.S. and prepare to roll out measures to shore up its domestic industries in reaction to President Donald Trump's 25% tariffs on goods from the country, its finance ministry said Tuesday.
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April 08, 2025
Hughes Hubbard Expands Finance Practice With Tax Expert
Hughes Hubbard & Reed LLP announced it is expanding the firm's project finance practice by adding a former Norton Rose Fulbright attorney with a background in tax law to its Washington, D.C., office.
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April 08, 2025
IRS Acting Chief To Depart Amid ICE Info Sharing Deal
The Internal Revenue Service's acting commissioner Melanie Krause plans to step down, the White House confirmed Tuesday, after the agency struck an agreement with immigration enforcement authorities to share taxpayer records of non-U.S. citizens under criminal investigation.
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April 08, 2025
HMRC Beats Locum Doctor's Employee Tax Status Appeal
A U.K. tribunal has upheld a decision that a locum urologist's contract with a hospital qualifies as employment for tax and national insurance purposes, despite an earlier decision misconstruing the nature of the arrangement.
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April 08, 2025
EU Urges China To Respond Cautiously To US Tariffs
European Commission President Ursula von der Leyen urged China on Tuesday to seek a negotiated solution to the tariffs imposed on Chinese goods by the U.S. administration, according to a statement by her office.
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April 08, 2025
Clarity Needed For Public Tax Reporting Rules, Australia Told
The National Foreign Trade Council urged the Australian government Tuesday to clarify exemptions for the country's new public corporate tax disclosure legislation, arguing it is otherwise difficult for companies to predict whether they are eligible for a carveout.
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April 07, 2025
Minn. Justices Quiz DuPont On Currency Hedge In Tax Row
Minnesota Supreme Court justices pressed DuPont on Monday on its argument that the state revenue commissioner should have considered the gross receipts from currency hedging activities when determining the company's income apportionable to the state.
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April 07, 2025
Trump Threatens Triple-Digit Tariff Rates If China Retaliates
President Donald Trump on Monday threatened an additional 50% tariff on Chinese imports entering the U.S., which would drive the total rate above 100%, if Beijing follows through on the retaliatory tariffs announced last week in response to Trump's reciprocal plan.
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April 07, 2025
Poland Uncovers Improper $12M VAT Refund For Foreign Co.
A Polish e-commerce company was wrongly granted a 46 million Polish zloty ($11.7 million) value-added tax refund, the country's revenue agency said Monday, announcing it had discovered the company's claimed economic activity was actually being conducted by an unregistered foreign company.
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April 07, 2025
TCJA Designer Tapped For Key Policy Role At Treasury
An architect of the 2017 federal tax overhaul has been picked to serve as assistant secretary for legislative affairs at the U.S. Treasury Department, Treasury Secretary Scott Bessent said in announcing several appointments at the agency.
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April 07, 2025
UK Tax Pros Seek Input On Updated Qualifications
A group representing U.K. tax professionals is looking for feedback on its plans to modernize its academic entry requirements for those seeking to be deemed a chartered tax adviser, which includes making sure individuals are up-to-date on digitalization efforts, the organization said Monday.
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April 07, 2025
Starmer Calls For US Trade Deal That Avoids Tax Hikes
The Labour government would sign a trade deal with the U.S. only if the terms fit Britain's national interest, which would mean avoiding the need for further domestic tax hikes, Prime Minister Keir Starmer said in a news conference Monday.
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April 07, 2025
UAE Establishes Nexus Rules For Foreign Trust Investors
The United Arab Emirates' Ministry of Finance has laid out rules for when nonresident investors in certain funds and trusts will be subject to taxation based on distributions made by the funds.
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April 07, 2025
HMRC Says Hospital Parking Should Not Be VAT-Free
HM Revenue and Customs told Britain's top court on Monday that a National Health Service trust providing car parking services should not be exempt from value-added tax, a case that could affect dozens of stayed appeals by NHS entities that total £70 million ($90 million).
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April 07, 2025
Brit Jailed For Money Laundering Plot After 7 Yrs On The Run
An extradited tax fugitive has been jailed for five-and-a-half years for his involvement in a £3.5 million ($4.5 million) money laundering scheme, HM Revenue and Customs said Monday.
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April 06, 2025
Senate Passes Amended Budget With Permanent Tax Cuts
The Senate sent back to the House an amended budget bill that would permanently extend the Tax Cuts and Jobs Act and allow for up to $1.5 trillion in other tax cuts, setting the stage for negotiations on the bill between the two chambers.
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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.
Expert Analysis
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Lean Into The 'Great Restoration' To Retain Legal Talent
As the “great resignation,” in which employees voluntarily left their jobs in droves, has largely dissipated, legal employers should now work toward the idea of a “great restoration,” adopting strategies to effectively hire, onboard and retain top legal talent, says Molly McGrath at Hiring & Empowering Solutions.
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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.