International
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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.
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April 23, 2025
US Expatriations Doubled In 1st Quarter, IRS Says
The number of people who expatriated from the U.S. more than doubled during the first quarter of the year compared with the fourth quarter of 2024, the Internal Revenue Service said Wednesday.
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April 23, 2025
Payroll Biz Exec Banned For 8 Years Over £2.5M Tax Fraud
The boss of a defunct payroll company that failed to pay millions of pounds in value-added tax was banned as a director for eight years on Wednesday after a government investigation into the business' significant tax underpayments.
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April 23, 2025
Ivory Coast Joins OECD Transparency Pact As 150th Member
The Ivory Coast formally joined the Organization for Economic Cooperation and Development's global tax transparency agreement on combating tax avoidance and evasion by multinational corporations Wednesday, becoming the 150th jurisdiction to do so.
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April 23, 2025
Gov't Insurance Tax Revenue Rises To £8.9B In 12 Months
The U.K. government earned a record £8.9 billion ($11.8 billion) through taxing insurance premiums in the financial year to April, official figures revealed on Wednesday.
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April 22, 2025
Montana Farmers Union Asks To Join Tribe's Anti-Tariff Suit
The Montana Farmers Union wants to be included in a suit filed by members of the Blackfeet Nation challenging President Trump's tariffs on imports from Canada and abroad, arguing that the duties under scrutiny hurt the state's farmers the same way they hurt tribal members.
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April 22, 2025
Tax Incentives Make Up Majority Of R&D Support In OECD
All but four of the 38 Organization for Economic Cooperation and Development nations provided tax relief for research and development expenses in 2024, with 55% of all R&D support in those countries coming via tax incentives, the OECD said Tuesday.
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April 22, 2025
CPAs Seek Clarity On NJ's Proposed Tax Rule For Dividends
A CPA organization asked New Jersey's tax agency to clarify whether a provision in the state's proposed corporate tax regulations that involve dividends and deemed dividends is designed to subject certain earnings to state tax when they aren't taxed federally.
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April 22, 2025
Japan Responds To US Tariffs With Fuel Price Reductions
Japan is implementing a flat price reduction on gasoline next month in response to U.S. President Donald Trump's current tariffs, among other planned measures, Prime Minister Shigeru Ishiba said Tuesday.
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April 22, 2025
Billabong Founder Loses Appeal Of AU$50M Tax Bill
A Federal Court of Australia panel on Tuesday largely upheld a judge's ruling that put the founder of surf brand Billabong on the hook for AU$50 million ($32 million) in taxes stemming from the sale of a startup company.
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April 22, 2025
Vance Says US, India Finalized Guidelines For Trade Talks
Indian Prime Minister Narendra Modi and U.S. Vice President JD Vance have finalized the terms of reference for trade negotiations aimed at doubling bilateral trade by 2030, Vance said Tuesday.
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April 22, 2025
HMRC Tax Investigations Of Large Cos. Drag On, Report Says
HM Revenue & Customs investigations into the tax arrangements of large businesses take almost four years on average, according to research published by a law firm.
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April 21, 2025
Taiwan Installs Tariff Relief Measures For Exporters
Certain Taiwanese businesses that export goods to the U.S. will have access to lower loan interest rates and waived exporter insurance fees if they can show they are heavily impacted by U.S. tariffs, Taiwan's Ministry of Finance said Monday.
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April 21, 2025
US, Italy Say Tech Cos. Must Not Face Discriminatory Taxes
Italy and the U.S. agree that discrimination tech companies face in the form of digital services taxes must end in order to enable investments from those companies, according to a joint statement by Italian Prime Minister Giorgia Meloni and President Donald Trump.
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April 21, 2025
US Asks 4th Circ. To Pause Review Of Corp. Transparency Act
The U.S. government urged the Fourth Circuit to pause a challenge brought by community associations against an information disclosure law aimed at small businesses, arguing that the U.S. Treasury Department's newly narrowed rules could moot the claims.
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April 21, 2025
China Vows 'Reciprocal' Action For Anti-China Trade Deals
The Chinese government will take "reciprocal" countermeasures against countries that reach trade agreements with the U.S. aimed at countering China's interests in exchange for securing a reduction in U.S. tariffs, the country's Ministry of Commerce said Monday.
Expert Analysis
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Former Minn. Chief Justice Instructs On Writing Better Briefs
Former Minnesota Supreme Court Chief Justice Lorie Gildea, now at Greenberg Traurig, offers strategies on writing more effective appellate briefs from her time on the bench.
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Stay Interviews Are Key To Retaining Legal Talent
Even as the economy shifts and layoffs continue, law firms still want to retain their top attorneys, and so-called stay interviews — informal conversations with employees to identify potential issues before they lead to turnover — can be a crucial tool for improving retention and morale, say Tina Cohen Nicol and Kate Reder Sheikh at Major Lindsey.
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Neb. Justices Should Weigh IRC Terms In Dividend Tax Case
Nebraska’s highest court, which will hear oral arguments in Precision CastParts v. Department of Revenue on April 1, should recognize that the Internal Revenue Code provides key clues to defining “dividends received or deemed to be received,” and therefore limits Nebraska’s tax on foreign-sourced corporate income, says Joseph Schmidt at Ryan.
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Judicial Independence Is Imperative This Election Year
As the next election nears, the judges involved in the upcoming trials against former President Donald Trump increasingly face political pressures and threats of violence — revealing the urgent need to safeguard judicial independence and uphold the rule of law, says Benes Aldana at the National Judicial College.
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Spartan Arbitration Tactics Against Well-Funded Opponents
Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.
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What Recent Study Shows About AI's Promise For Legal Tasks
Amid both skepticism and excitement about the promise of generative artificial intelligence in legal contexts, the first randomized controlled trial studying its impact on basic lawyering tasks shows mixed but promising results, and underscores the need for attorneys to proactively engage with AI, says Daniel Schwarcz at University of Minnesota Law School.
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How FinCEN Proposal Expands RE Transaction Obligations
Against a regulatory backdrop foreshadowing anti-money laundering efforts in the real estate sector, the Financial Crimes Enforcement Network's proposed rule significantly expands reporting requirements for certain nonfinanced residential real estate transfers and necessitates careful review, say attorneys at Fried Frank.
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Litigation Inspiration: A Source Of Untapped Fulfillment
As increasing numbers of attorneys struggle with stress and mental health issues, business litigators can find protection against burnout by remembering their important role in society — because fulfillment in one’s work isn’t just reserved for public interest lawyers, say Bennett Rawicki and Peter Bigelow at Hilgers Graben.
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Unpacking FinCEN's Proposed Real Estate Transaction Rule
Phil Jelsma and Ulrick Matsunaga at Crosbie Gliner take a close look at the Financial Crimes Enforcement Network's recently proposed rulemaking — which mandates new disclosures for professionals involved in all-cash real estate deals — and discuss best next steps for the broad range of businesses that could be affected.
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Think Like A Lawyer: Forget Everything You Know About IRAC
The mode of legal reasoning most students learn in law school, often called “Issue, Rule, Application, Conclusion,” or IRAC, erroneously frames analysis as a separate, discrete step, resulting in disorganized briefs and untold obfuscation — but the fix is pretty simple, says Luke Andrews at Poole Huffman.
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How New EU Tax And Transfer Pricing Rules May Affect M&A
Companies involved in mergers and acquisitions may need to adjust fiscal due diligence procedures to ensure they consider potential far-reaching effects of newly implemented transfer pricing measures, such as newly implemented global minimum tax and European Union anti-tax avoidance directives and proposals, says Patrick Tijhuis at BDO.
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How Firms Can Ensure Associate Gender Parity Lasts
Among associates, women now outnumber men for the first time, but progress toward gender equality at the top of the legal profession remains glacially slow, and firms must implement time-tested solutions to ensure associates’ gender parity lasts throughout their careers, say Kelly Culhane and Nicole Joseph at Culhane Meadows.
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7 Common Myths About Lateral Partner Moves
As lateral recruiting remains a key factor for law firm growth, partners considering a lateral move should be aware of a few commonly held myths — some of which contain a kernel of truth, and some of which are flat out wrong, says Dave Maurer at Major Lindsey.