International
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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 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
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 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 £43,000 ($57,000) in value-added tax, the U.K.'s Insolvency Service announced Monday.
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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
Key House Panel Advances Budget With $3.8T Tax Overhaul
The House Budget Committee voted late Sunday to approve the chamber's budget reconciliation package, including a $3.8 trillion tax bill that would renew and make permanent large parts of the GOP's 2017 tax overhaul law.
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May 16, 2025
The Tax Angle: Year-End Extenders, IRS Direct File
From a look at the possibility of Congress passing a year-end budget and tax extenders bill to efforts to keep the IRS Direct File program afloat, here's a peek into a reporter's notebook on a few of the week's developing tax stories.
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May 16, 2025
Refocus Global Tax Policy On Bilateral Treaties, Attys Say
Global tax policymakers at the OECD and United Nations should return to their original focus of advancing bilateral tax treaties among the countries they cater toward, attorneys said Friday.
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May 16, 2025
Work Agency Loses VAT Deregistration Appeal Over Tax Fraud
An agency worker supply company has lost its latest bid to challenge a decision by the U.K. tax authority to cancel its VAT registration over its alleged links to a tax fraud scheme, as a London appeals court refused its bid on Friday.
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May 16, 2025
China Floats Developing Tax Breaks To Promote Tourism
China is hoping to develop a departure tax refund and expand the coverage of tax-refund shops in a bid to expand tourism and tourist spending as a way to "cope with external shocks," its Ministry of Commerce said Friday.
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May 16, 2025
Tax Dodging By Wealthy Larger Than Thought, UK Body Says
The scale of tax avoidance and evasion by the wealthy could be much greater than the U.K. tax authority previously thought, according to a report by the National Audit Office published Friday.
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May 16, 2025
Taxation With Representation: Blakes, Davies, Goodmans
In this week's Taxation With Representation, Charter Communications Inc. merges with Cox Communications, Hub International Ltd. boosts its valuation after securing an investment, Pan American Silver Corp. acquires Mag Silver Corp. and Robinhood buys WonderFi.
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May 16, 2025
Carbon Taxes Cut Emissions Best In Many Areas, OECD Says
Carbon taxes reduced greenhouse gas emissions from the energy sector, transportation, buildings and agriculture on average more effectively than most other climate policies in a large batch of studies reviewed by the Organization for Economic Cooperation and Development, the group said.
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May 15, 2025
UK To Codify Extensions For Cos. That End VAT Registration
HM Revenue & Customs will have a regulatory basis to grant businesses canceling their value-added tax registration extensions for submitting their final tax return documents under a new measure, codifying a practice it routinely carries out now through administrative concession.
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.
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.
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.
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.
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.
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.
Featured Stories
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The Tax Angle: Year-End Extenders, IRS Direct File
From a look at the possibility of Congress passing a year-end budget and tax extenders bill to efforts to keep the IRS Direct File program afloat, here's a peek into a reporter's notebook on a few of the week's developing tax stories.
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House Tax Bill's Foreign Rules May Finish Off Energy Perks
House Republicans' mammoth tax bill proposes phasing out two popular clean electricity business tax credits, but additional restrictions on eligible development projects' foreign business ties could have the same effect as immediately repealing them.
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Tariffs And Tax Breaks Offer Risky Lifeline To US Film Industry
President Donald Trump's call for a 100% tariff on films made outside the U.S. has potential to improve a struggling domestic industry if it is considered in conjunction with new federal tax incentives to restore production, but the idea hasn't yet gathered support in Congress, according to lawyers who spoke to Law360.
Expert Analysis
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$38M Law Firm Settlement Highlights 'Unworthy Client' Perils
A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies.
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Jurisdictional Issues At Play In 9th Circ.'s FCA Trade Case
A decision by the Ninth Circuit in Island Industries v. Sigma Corp. could result in the U.S. Court of International Trade’s exclusive jurisdiction over trade-related FCA cases, a big shift in the enforcement landscape just as tariffs take center stage in trade policy, say attorneys at Haynes Boone.
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Evolving Federal Rules Pose Further Obstacles To NY LLC Act
Following the Financial Crimes Enforcement Network's recent changes to beneficial ownership information reporting under the federal Corporate Transparency Act — dramatically reducing the number of companies required to make disclosures — the utility of New York's LLC Transparency Act becomes less apparent, say attorneys at Pillsbury.
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Reassessing Corporate Separateness After Explosion Of LLCs
Following the dramatic increase of limited liability companies in the U.S., the Corporate Transparency Act's enactment and the Trump administration's subsequent narrowing of that law, it's worth revisiting the underlying legal principles that govern shell companies in order to remedy the problems that initially motivated the CTA, says Jeff Newton at Omni Bridgeway.
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Crisis Management Lessons From The Parenting Playbook
The parenting skills we use to help our kids through challenges — like rehearsing for stressful situations, modeling confidence and taking time to reset our emotions — can also teach us the fundamentals of leading clients through a corporate crisis, say Deborah Solmor at the Wisconsin Alumni Research Foundation and Cara Peterman at Alston & Bird.
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Adapting To Private Practice: From NY Fed To BigLaw
While the move to private practice brings a learning curve, it also brings chances to learn new skills and grow your network, requiring a clear understanding of how your skills can complement and contribute to a firm's existing practice, and where you can add new value, says Meghann Donahue at Covington.
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Top 3 Litigation Finance Deal-Killers, And How To Avoid Them
Like all transactions, litigation finance deals can sometimes collapse, but understanding the most common reasons for failure, including a lack of trust or a misunderstanding of deal terms, can help both parties avoid problems, say Rebecca Berrebi at Avenue 33 and Boris Ziser at Schulte Roth.
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A 2-Step System For Choosing A Digital Asset Reporting Path
Under the Internal Revenue Service's new digital asset reporting regulation, each type of asset may have three potential reporting destinations, so a detailed testing framework can help to determine the appropriate path, says Keval Sonecha at Sonecha & Amlani.
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How Attys Can Use A Therapy Model To Help Triggered Clients
Attorneys can lean on key principles from a psychotherapeutic paradigm known as the "Internal Family Systems" model to help manage triggered clients and get settlement negotiations back on track, says Jennifer Gibbs at Zelle.
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3 Steps For In-House Counsel To Assess Litigation Claims
Before a potential economic downturn, in-house attorneys should investigate whether their company is sitting on hidden litigation claims that could unlock large recoveries to help the business withstand tough times, says Will Burgess at Hilgers Graben.
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IRS And ICE Info Sharing Could Drive Payroll Tax Enforcement
Tax crimes are historically difficult to prosecute, but the Internal Revenue Services’ recent agreement with U.S. Immigration and Customs Enforcement to share taxpayer records of non-U.S. citizens could be used to enhance payroll tax-related enforcement against their employers, say attorneys at Holland & Knight.
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Adapting To Private Practice: From DOJ Enviro To Mid-Law
Practitioners leaving a longtime government role for private practice — as when I departed the U.S. Department of Justice’s environmental enforcement division — should prioritize finding a firm that shares their principles, values their experience and will invest in their transition, says John Cruden at Beveridge & Diamond.
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Legal Ethics Considerations For Law Firm Pro Bono Deals
If a law firm enters into a pro bono deal with the Trump administration in exchange for avoiding or removing an executive order, it has an ethical obligation to create a written settlement agreement with specific terms, which would mitigate some potential conflict of interest problems, says Andrew Altschul at Buchanan Angeli.