International
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April 29, 2025
Tax Breaks For Offshore Production Could Thwart Tariffs' Goal
President Donald Trump has said that his wide-ranging tariffs will jump-start domestic industry and production, but an international tax policy created under the 2017 federal overhaul may undermine the goal of bringing manufacturing back to the U.S.
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April 29, 2025
South Korea Asks IMF To Aid Global Response To US Tariffs
As President Donald Trump continues to deploy tariffs, South Korea's deputy prime minister said that the International Monetary Fund should lean into its role as a "trusted policy adviser" to help address worldwide trade tensions and overall uncertainty.
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April 29, 2025
UAE To Waive Late Tax Registration Fines For Some Cos.
Corporations in the United Arab Emirates that failed to file their tax registration applications on time will have an avenue to have associated administrative penalties waived, the country's official news agency said Tuesday.
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April 29, 2025
EU Top Court OKs Polish Property Tax Break For Railway
The Polish government may grant a property tax exemption to a private railway owner to make part of the railway available to carriers without breaking European Union law on state aid, the EU's top court ruled Tuesday.
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April 29, 2025
Automakers Get 15% Tariff Offset Under New Trump Order
President Donald Trump will sign an executive order Tuesday afternoon to provide automakers that produce and sell finished vehicles in the U.S. a 15% offset on future imported parts that face a 25% tariff for the next year.
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April 29, 2025
IRS Shouldn't Elect To Use OECD Pricing Method, AICPA Says
The IRS shouldn't unilaterally apply the Organization for Economic Cooperation and Development's streamlined approach to price-related companies' baseline distribution and marketing costs and should give companies a wide berth to choose the approach, the American Institute of Certified Public Accountants told the agency.
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April 28, 2025
Court Urged To Reconsider Jurisdiction In Tribal Tariff Row
Blackfeet Nation members are asking a Montana federal judge to reconsider an order to transfer their challenge against President Donald Trump's tariffs on imports from Canada and abroad to the U.S. Court of International Trade, saying the decision is based on the constitutional question of the Indian commerce clause.
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April 28, 2025
OECD Says Luxembourg Tax Edits Can Help Growth, Climate
Tweaks to Luxembourg's tax regime could help the country transition from a decadeslong period of rapid growth to a more sustainable system that also helps address climate change, the Organization for Economic Cooperation and Development said Monday.
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April 28, 2025
Board Game Co., 11 Others Say Trump Tariffs Unconstitutional
President Donald Trump's tariffs exceed the constitutional authority of the executive branch, argued 12 American companies, including a manufacturer of tabletop games that are printed in China, urging a federal court to halt them.
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April 28, 2025
UK Seeks Input On Replacing Diverted Profits Tax
The U.K. government is holding a consultation on plans to replace the country's diverted profits tax by changing corporation tax and transfer pricing rules, HM Revenue & Customs said Monday.
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April 28, 2025
No Harm Shown Over DOGE Access To Tax Data, US Says
The U.S. government asked a D.C. federal court to throw out four organizations' bid to keep the White House's Department of Government Efficiency from accessing confidential taxpayer data, saying their suit fails to show injury to the groups' members.
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April 28, 2025
Hong Kong, Bahrain Double-Tax Treaty Enters Into Force
A treaty to avoid double taxation between Hong Kong and Bahrain has gone into force after being approved by the jurisdictions' legislatures, Hong Kong's Inland Revenue Department said Monday.
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April 28, 2025
China Doesn't Need US Grains, Seed Oils, State Planner Says
China doesn't need to import grains and seed oils from the U.S. because it can source them domestically or internationally, an official from the country's state planning commission said Monday about the most valuable category of U.S. exports to China.
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April 28, 2025
China Says No Tariff Negotiations Underway With US
China is not currently negotiating with the United States on tariffs, and President Xi Jinping has not spoken to President Donald Trump on the phone recently, a spokesperson for China's foreign ministry said Monday.
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April 25, 2025
Finland Plans €1.1B In Income Tax Cuts, Corp. Tax Reduction
Finland's government said it has agreed to an economic plan that would drop personal income tax payments by a cumulative €1.1 billion ($1.25 billion) while also cutting the corporate tax rate by 2 percentage points.
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April 25, 2025
Feds Say Tariff Fight Belongs In International Trade Court
The Trump administration wants to litigate a challenge to its tariffs in a federal trade court, not the D.C. district court, arguing that the U.S. Court of International Trade is the only venue with jurisdiction to hear the case.
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April 25, 2025
Sen. Crapo Calls Exec Session For Commerce, Treasury Noms
U.S. Senate Finance Committee Chairman Mike Crapo, R-Idaho, announced Friday that it will hold an executive session Tuesday to consider President Donald Trump's picks for roles at the U.S. Department of Commerce and U.S. Department of the Treasury.
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April 25, 2025
Canada Court OKs Late Tax Assessment For Unreported Gains
A real estate company owes taxes on more than CA$12 million ($8.7 million) in unreported capital gains that tax authorities discovered after the statute of limitations expired, the Tax Court of Canada said in a ruling released Friday, because the company had negligently failed to review its returns.
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April 25, 2025
State Coffers, Businesses Brace For Tariffs' SALT Impacts
President Donald Trump's new tariffs could impose further pressures on state coffers that were already experiencing a slowdown in tax collections while underscoring the need for businesses to ensure they are complying with state sales tax obligations on the charges.
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April 25, 2025
South Africa Backs Off VAT Rate Increase
South Africa won't increase its value-added tax rate to 15.5% as scheduled on May 1, which will cost the country an estimated 75 billion rand ($4 billion), the country's Finance Ministry said.
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April 25, 2025
Belgian Data Watchdog Blocks FATCA Transfers To US
Belgium's data privacy watchdog ruled that a government agency's transfers of personal data to the U.S. tax authority as part of the Foreign Account Tax Compliance Act is prohibited under European law.
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April 25, 2025
Pope Francis Leaves Behind Tax Justice Legacy
Pope Francis, who died Monday at age 88, helped advance calls for tax justice by speaking out against the social costs of tax avoidance and raised awareness of the need for tax reform, according to proponents of income equality.
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April 25, 2025
Taxation With Representation: Dechert, Brown Rudnick
In this week's Taxation With Representation, Boeing sells parts of its digital aviation solutions business to Thoma Bravo, Baker Tilly and Moss Adams join forces, Mobico sells its U.S. school bus business to I Squared Capital, and Apollo commits to a joint venture with Bullrock Energy Ventures.
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April 25, 2025
Nightclub Owner And Accountant Guilty Of £4.9M Tax Fraud
A court has convicted a nightclub owner and his accountant of evading £4.9 million ($6.5 million) in tax, with the venue boss spending the money on luxury cars and a yacht, the U.K. tax authority said Friday.
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April 25, 2025
Gov't Repaid £1.4B In Pension 'Overtaxation' Since 2015
The U.K. government was forced to pay back £44 million ($58.6 million) in the first quarter to people who have been charged too much tax on pension withdrawals, bringing the total repaid to date to £1.4 billion.
Expert Analysis
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Small Biz Caught In Corporate Transparency Act Crossfire
Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.
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No, Litigation Funders Are Not 'Fleeing' The District Of Del.
A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway.
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5 E-Discovery Predictions For 2025 And Beyond
In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler.
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What's Ahead As Transparency Act Comes To A Crossroads
Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.
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7 Ways 2nd Trump Administration May Affect Partner Hiring
President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.
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E-Discovery Quarterly: Rulings On Custodian Selection
Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.
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Exploring Venue Strategy For Trump-Era Regulatory Litigation
Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.
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An Associate's Guide To Career Development In 2025
As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.
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Making The Pitch To Grow Your Company's Legal Team
In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.
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Tax Court Should Update Framework For Defining Insurance
The U.S. Tax Court's unnecessary determination in Royalty Management Insurance v. Commissioner that a fraudulent transaction did not contain the hallmarks of a legitimate insurance transaction applies an outdated analysis that threatens the captive insurance sector and illustrates the need for a more modern framework to define true insurance, says Matthew Queen at the Queen Firm.
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When US Privilege Law Applies To Docs Made Outside The US
As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.
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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.