International
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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 鈧2 Handling Fee On Small Import Packages
The European Commission is planning to levy a flat fee of 鈧2 ($2.27) on billions of small packages imported into聽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New Zealand's government has withdrawn a proposal to enact a digital services tax, which was initially planned to take effect this year, saying the country would prefer a global solution to the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.
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May 20, 2025
Trump Gets Fla. Judge To Lob China Tariff Suit To Trade Court
A Florida federal judge Tuesday relinquished jurisdiction over five small businesses' lawsuit challenging President Donald Trump's tariffs on Chinese imports, agreeing with Trump that the case fell within the U.S. Court of International Trade's "exclusive jurisdiction."
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May 20, 2025
Finance Panel's Dems Pan Trump IRS Pick Over Ethical Issues
Senate Finance Committee Democrats deemed former Rep. Billy Long unfit to lead the IRS during his confirmation hearing Wednesday, citing ethical concerns over his promotion of pandemic-era employee retention claims, and of tribal tax credits they called dubious, while working as a business consultant after leaving Congress.
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May 20, 2025
Task Force Lays Out Principles For Beneficial Tax Incentives
A task force created by many of the world's largest intergovernmental organizations laid out what it said are the six most important principles for establishing tax incentives in order for countries to achieve the desired social gains while minimizing negative outcomes.
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May 20, 2025
Tax Credits Beat IP Incentives For R&D, EU Study Finds
Input-based tax incentives such as tax credits and large deductions are more effective at encouraging research and development spending compared with output-based incentives, according to a study by the European Parliament.
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May 20, 2025
IRS Urged To Scrap Biden-Era Economic Substance Ruling
The National Association of Manufacturers asked the IRS to withdraw a revenue ruling that invokes the economic substance doctrine to disregard certain intercompany transactions, arguing in a letter published Tuesday that it exceeds the agency's authority.
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May 20, 2025
Don't Toss US-China Tax Treaty, Industry Group Tells Treasury
The U.S. Department of the聽Treasury should reject the White House's plans to scrutinize the U.S.-China tax treaty, the American Chemistry Council said, telling the department that the industry group's members will face double taxation without the accord.
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May 20, 2025
UAE Grants Corp. Tax Exemption To Certain Foreign Entities
The United Arab Emirates is extending a corporate tax exemption to foreign entities doing business in the country that are wholly owned by certain tax-exempt groups, aligning their tax treatment with that of similarly owned entities incorporated in the UAE, the country said Tuesday.
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May 20, 2025
Russia Challenges EU Carbon Border Tax At WTO
Russia formally initiated a dispute at the World Trade Organization over the European Union's carbon border adjustment mechanism, suggesting that the emissions pricing system violates multilateral trade agreements, according to documents released by the organization.
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May 20, 2025
Romania Uncovers $50M In VAT Fraud In A Year
Romania's tax authority investigated 29 value-added tax fraud cases over the past year, uncovering 225 million Romanian lei ($50 million) in damages, it said Tuesday.
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May 20, 2025
Finnish Co. Fights For Access To Tax-Ruling State Aid File
A Finnish packaging maker appealed to the European Union's top court to gain access to documents from a state aid investigation into the company's Luxembourg tax arrangements, according to a lower聽court report released Tuesday.
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May 19, 2025
Full Tax Court Sends 'Seriously Delinquent' Debt Case To Trial
The U.S. Tax Court decided Monday for the first time that its review of a challenge to an IRS certification of tax debt as "seriously delinquent" is not limited to the agency's administrative record, saying a trial is needed in a man's case to determine the facts.
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May 19, 2025
Taxpayer Data Increasingly At Risk From DOGE, Court Told
A group of unions and advocacy organizations trying to block the White House's Department of Government Efficiency from accessing confidential taxpayer data told a D.C. federal court they fear the data is already being shared with federal agencies beyond the IRS.
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May 19, 2025
Sweden May Cut Corporate Tax Rate In Response To Tariffs
Sweden's government on Monday proposed to lower its corporate tax rate by 0.6 of a percentage point, to 20%, in response to uncertainty caused by higher tariffs, part of a broader package of tax proposals issued ahead of the country's 2026 autumn budget.
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May 19, 2025
Takeout Owner Gets Suspended Sentence For VAT Tax Dodge
The former owner of a Chinese takeout restaurant in the U.K. received a one-year prison sentence, which was suspended, for fraudulently disposing property after filing for bankruptcy instead of paying his bill of over 拢43,000 ($57,000) in value-added tax, the U.K.'s Insolvency Service announced Monday.
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May 19, 2025
US Budget Would Hike Taxes On Foreign Firms, Individuals
Foreign firms and individuals from countries with "unfair" fiscal policies such as digital services taxes, diverted profits taxes and the global minimum tax's backstop would pay higher U.S. taxes under the spending bill approved by the House Budget Committee.
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May 19, 2025
CFTC Should Pay $3M Atty Fees After Sanctions, Firm Says
A foreign exchange firm that won dismissal of a U.S. Commodity Futures Exchange Commission case after a New Jersey federal judge sanctioned the agency for bad faith behavior now says the CFTC should have to pay nearly $3 million for failing to own up to its mistake sooner.
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May 19, 2025
Australia Seeks Ideas On Possible Corp. Tax Improvements
Australia is looking for ideas on how to improve its corporate tax regime in hope of reversing a dip in investments into factories, machines and equipment through changes that could encourage foreign investment, an agency said Monday.
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May 19, 2025
HMRC Lays Out Tax Implications For Private Co. Stock Market
Britain's Labour government is set to legislate tax rules for private companies to use a new stock market mechanism as part of its next finance bill, according to a policy update from HM Revenue & Customs.
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May 16, 2025
Harmonized EU Soda Tax Could Be Beneficial, But Difficult
European Union-wide taxes on unhealthy products, in particular sugary drinks, could help both promote public health and generate revenue, but the bloc would need to consider a number of complicating factors, said a study released Friday.
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May 16, 2025
South Africa Rolls Out Online Foreign Royalty Tax Reporting
Those needing to submit withholding tax forms for royalties paid to or for the benefit of a foreign person from a source within South Africa can now do so online, the country's revenue agency said.
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May 16, 2025
Congress Hitting Back After Int'l Tax Talks, US Official Says
The House Ways and Means Committee's tax bill includes retaliatory measures against certain foreign taxes because lawmakers were dissatisfied with international administrative guidance they thought undermined their tax sovereignty, a U.S. Treasury Department official said Friday.
Expert Analysis
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No, Litigation Funders Are Not 'Fleeing' The District Of Del.
A recent study claimed that litigation funders have 鈥渇led鈥 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鈥檚 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 麻豆传媒 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 鈥 supported by metrics and cost analyses 鈥 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
鈥嬧嬧嬧嬧嬧嬧婽he 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 麻豆传媒 Applies To Docs Made Outside The US
As globalization manifests itself in disputes over foreign-created documents, a California federal court鈥檚 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 麻豆传媒 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鈥檚 market, with the average candidate demanding less compensation for a larger book of business 鈥 but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.