International
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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.
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April 04, 2025
The Tax Angle: Dueling Economic Outlooks For TCJA Renewal
From a look at opposite economic projections for renewing the 2017 Tax Cuts and Jobs Act during the Senate debate on the Republicans' fiscal 2026 budget resolution, here's a peek into a reporter's notebook on a few of the week's developing tax stories.
Expert Analysis
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Impact Of Corporate Transparency Act Ambiguity On Banks
Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.
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6 Changes I Would Make If I Ran A Law School
Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.
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Firms Still Have The Edge In Lateral Hiring, But Buyer Beware
Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.
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Think Like A Lawyer: 1 Type Of Case Complexity Stands Out
In contrast to some cases that appear complex due to voluminous evidence or esoteric subject matter, a different kind of complexity involves tangled legal and factual questions, each with a range of possible outcomes, which require a “sliding scale” approach instead of syllogistic reasoning, says Luke Andrews at Poole Huffman.
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Think Like A Lawyer: Note 3 Simple Types Of Legal Complexity
Cases can appear complex for several reasons — due to the number of issues, the volume of factual and evidentiary sources, and the sophistication of those sources — but the same basic technique can help lawyers tame their arguments into a simple and persuasive message, says Luke Andrews at Poole Huffman.
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Litigation Inspiration: Reframing Document Review
For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.
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3 Ways To Train Junior Lawyers In 30 Minutes Or Less
Today’s junior lawyers are experiencing a skills gap due to pandemic-era disruptions, but firms can help bring them up to speed by offering high-impact skill building content in bite-sized, interactive training sessions, say Stacey Schwartz at Katten, Diane Costigan at Winston & Strawn and Lauren Tierney at Freshfields.
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The Bar Needs More Clarity On The Discovery Objection Rule
Almost 10 years after Federal Rule of Civil Procedure 34 was amended, attorneys still seem confused about what they should include in objections to discovery requests, and until the rules committee provides additional clarity, practitioners must beware the steep costs of noncompliance, says Tristan Ellis at Shanies Law Office.
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So You Want To Move Your Law Practice To Canada, Eh?
Google searches for how to move to Canada have surged in the wake of the U.S. presidential election, and if you’re an attorney considering a move to the Great White North, you’ll need to understand how the practice of law differs across the border, says David Postel at Henein Hutchison.
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Promoting Diversity In The Selection Of ADR Neutrals
Excerpt from Practical Guidance
Choosing neutrals from diverse backgrounds is an important step in promoting inclusion in the legal profession, and it can enhance the legitimacy and public perception of alternative dispute resolution proceedings, say attorneys at Lowenstein Sandler.
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Striking A Balance Between AI Use And Attorney Well-Being
As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor.
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How Judiciary Can Minimize AI Risks In Secondary Sources
Because courts’ standing orders on generative artificial intelligence and other safeguards do not address the risk of hallucinations in secondary source materials, the judiciary should consider enlisting legal publishers and database hosts to protect against AI-generated inaccuracies, say attorneys at Lankler Siffert & Wohl.
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How Attorneys Can Break Free From Career Enmeshment
Ambitious attorneys can sometimes experience career enmeshment — when your sense of self-worth becomes unhealthily tangled up in your legal vocation — but taking the time to discover and realign with your core personal values can help you recover your identity, says Janna Koretz at Azimuth Psychological.