International
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May 08, 2025
NFTC Warns US Against Tariffs On Semiconductors, Pharma
The Trump administration should work to avoid using tariffs to address the perceived threat to national security caused by importing semiconductors and pharmaceuticals, the National Foreign Trade Council said, calling for extreme caution.
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May 08, 2025
Brazilian Grocer Seeks Tax Arbitration With Former Parent Co.
Brazilian food retailer GPA said it has requested arbitration against its largest shareholder and former parent, French retailer Groupe Casino, over a dispute regarding tax payments going back over a decade.
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May 08, 2025
Widow Says Husband's Estate Liable For $2M FBAR Fines
A nonagenarian widow told an Idaho federal court Thursday that her husband's estate — not she — should be liable for more than $2 million in penalties for his unreported foreign accounts, calling the government's attempt to penalize her an unprecedented overreach.
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May 08, 2025
EU Weighs Tariffs, Restrictions On $112B Of US Trade
All options remain on the table for the European Commission as it aims to finalize plans by mid-July to tariff or restrict nearly €100 billion ($112 billion) worth of trade with the U.S., a commission spokesperson told Law360 on Thursday as the bloc launched a consultation.
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May 08, 2025
Milbank Hires King & Spalding Tax Planning Atty In DC
Milbank LLP has added a former King & Spalding LLP tax attorney as a partner in its global project, energy and infrastructure finance group in Washington, D.C.
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May 08, 2025
Trump, Starmer Announce Limited Deal To Cut Tariffs
The U.S. and U.K. governments have agreed to reduce tariffs and avoid counter-tariffs in a limited trade deal announced Thursday by President Donald Trump and Prime Minister Keir Starmer.
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May 07, 2025
China Economic Official To Ask US For U-Turn On Tariffs
China's top economic official will ask the U.S. to reverse course on its tariffs while meeting with Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer this weekend in Switzerland, China's Ministry of Commerce said Wednesday.
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May 07, 2025
Woman Settles FBAR Case Over Russian, French Accounts
A Rhode Island woman has resolved a case by the government alleging that she failed to disclose her Russian and French bank accounts, agreeing to a penalty of almost $89,000 plus interest and late payment penalties.
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May 07, 2025
Greece Referred To EU Court For Car Taxation Violation
The European Commission referred Greece to the Court of Justice of the European Union on Tuesday for noncompliance with the bloc's rules regarding car taxation while also sending Sweden to the court over not bringing its income tax laws in line with EU standards.
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May 07, 2025
Don't Scrap US-China Tax Treaty, Biz Groups Tell Treasury
Business lobbying groups have urged the U.S. Treasury Department to reject the White House's plans to scrutinize the U.S.-China tax treaty, warning that scrapping the accord would lead to higher Chinese taxes on U.S. companies.
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May 07, 2025
HMRC Can Deny Tax Offset Extension With Case Open
HM Revenue & Customs can deny a tax offset of almost £825,000 ($1.1 million) that a group of heating and cooling companies claimed long after the two-year time limit expired even though the case remains open, Britain's Upper Tribunal ruled.
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May 07, 2025
UK Supreme Court Boosts Creditor Protection In Fraud Cases
Britain's highest court has handed administrators more power to pursue businesses that turn a blind eye to fraud, with a ruling on Wednesday that will bolster protection for creditors and could raise the stakes for companies flying too close to the wind, lawyers say.
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May 07, 2025
EU OKs €5.4B Italian Tax Breaks For Shipping Industry
The European Commission approved Italy's €5.4 billion ($6.1 billion) state aid system that will give tax breaks to ships that register in Europe and comply with environmental and safety standards, it announced Wednesday.
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May 07, 2025
Consultant Disputes Golf Retailer's VAT Invoice Claim
A former consultant to a U.K. golf retailer on Wednesday disputed the company's allegations in London court that he overcharged it nearly $1 million and failed to pay value-added tax to HM Revenue & Customs.
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May 07, 2025
Top UK Court Expands Fraud Liability In Carbon Credits Case
Britain's highest court ruled Wednesday that a major brokerage firm can be held liable for millions of pounds owed to Britain's tax collector from a carbon credits tax fraud, a decision that could expand the reach of insolvency proceedings.
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May 06, 2025
Tax Reforms Can Be Key To Ukraine's Stability, OECD Says
Ukraine has remained resilient during the war with Russia, but changes to its tax regime, including reducing compliance burdens and working to narrow some exemptions and reduced rates, could help establish fiscal stability, the Organization for Economic Cooperation and Development said Tuesday.
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May 06, 2025
EU Tax Committee Looking To Streamline Avoidance Measures
A European Commission tax subcommittee is considering ways to simplify the European Union's various measures aimed at preventing corporate tax avoidance, the subcommittee said ahead of a public hearing on the topic next week.
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May 06, 2025
Actor Voight, Film Biz Adviser To Trump, Floats Tax Incentives
Actor Jon Voight, whom President Donald Trump tapped as an adviser on the Hollywood film industry, told Trump that tax incentives, international treaties and limited tariffs could revitalize production, while California Gov. Gavin Newsom separately floated a $7.5 billion federal film tax credit, according to statements shared Tuesday with Law360.
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May 06, 2025
Stationery Co. Fights Bid To Move Tariff Case To Trade Court
The U.S. Court of International Trade does not have exclusive jurisdiction to hear disputes over President Donald Trump's global tariffs, a stationery company told a Florida federal court Monday in opposing the administration's bid to transfer to the suit.
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May 06, 2025
Eversheds Sutherland Brings On EY Tax Pro In Atlanta
Eversheds Sutherland has added a former EY senior manager of international tax and transaction services to its Atlanta office, further strengthening its tax practice after adding a dozen tax controversy attorneys from Chamberlain Hrdlicka White Williams & Aughtry PC in March, the firm announced Tuesday.
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May 06, 2025
EU Must Not Go Protectionist, Council President Says
The European Union "must not respond to protectionism with more protectionism," the bloc's council president warned Tuesday, while stressing the need to look after European interests.
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May 06, 2025
Money Laundering Surges To £377M In UK Amid Fall In Fraud
Money laundering was the biggest source of fraud and economic crime by value in the U.K. in 2024, with the average value of individual cases increasing 10-fold compared with 2023, a professional services firm reported Tuesday.
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May 05, 2025
Credit Suisse To Pay Feds $510.6M For Helping Hide Assets
Credit Suisse Services AG has agreed to shell out more than $510 million under agreements with federal prosecutors in which the company admitted to helping customers hide more than $4 billion from the IRS in hundreds of offshore accounts, the U.S. Department of Justice announced Monday.
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May 05, 2025
Trump Seeks 100% Tariff On Foreign-Made Movies
President Donald Trump asked his administration to place a 100% tariff on foreign-made movies, with a spokesperson telling Law360 on Monday that a final decision on the plan hadn't been made.
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May 05, 2025
EU Prosecutors Expand Jurisdiction To Poland, Sweden
The European Public Prosecutor's Office's jurisdiction expanded to include Poland and Sweden with the swearing-in of prosecutors to represent both countries, the EPPO said Monday.
Expert Analysis
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7 Tips For Associates To Thrive In Hybrid Work Environments
Excerpt from Practical Guidance
As the vast majority of law firms have embraced some type of hybrid work policy, associates should consider a few strategies to get the most out of both their in-person and remote workdays, says James Argionis at Cozen O’Connor.
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IRS Should Revise Overbroad Microcaptive Regs
Rather than seeking to curtail use of congressionally sanctioned microcaptive insurance programs by imposing burdensome disclosure obligations, the Internal Revenue Service should revisit its recently finalized regulations and implement rules tailored to address areas of specific abuse, say attorneys at Zerbe Miller.
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What's Next For Russia Sanctions After Task Force Disbanded
Attorney General Pam Bondi’s recent disbanding of Task Force KleptoCapture, which was initially aimed at seizing Russian oligarchs’ funds and assets, is unlikely to mean the end of Russia sanctions enforcement and other economic countermeasures, as the architecture for criminal enforcement remains in place, say attorneys at BakerHostetler.
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How Law Firms Can Counteract The Loneliness Epidemic
The legal industry is facing an urgent epidemic of loneliness, affecting lawyer well-being, productivity, retention and profitability, and law firm leaders should take concrete steps to encourage the development of genuine workplace connections, says Michelle Gomez at Littler and Gwen Mellor Romans at Herald Talent.
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5 Keys To Building Stronger Attorney-Client Relationships
Attorneys are often focused on being seen as the expert, but bonding with clients and prospects by sharing a few key personal details provides the basis for a caring, trusted and profoundly deeper business relationship, says Deb Feder at Feder Development.
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Attorneys Must Act Now To Protect Judicial Independence
Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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Reading The Tea Leaves On Mexico, Canada And China Tariffs
It's still unclear whether the delay in the imposition of U.S. tariffs on Canadian and Mexican imports will result in negotiated resolutions or a full-on trade war, but the outcome may hinge on continuing negotiations and the Trump administration's possible plans for tariff revenues, say attorneys at Eversheds Sutherland.
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How Design Thinking Can Help Lawyers Find Purpose In Work
Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.
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The Pros And Cons Of A 2nd Trump Term For UK Tech Sector
While U.S. President Donald Trump’s protectionist stance on trade could disrupt global supply chains on which many U.K. tech firms are reliant, anticipated deregulation could provide fertile ground for investment and growth, and the U.K. tech sector is bracing for a mix of opportunities, say lawyers at Shoosmiths.
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Corp. Transparency Act's Future Under Treasury's Bessent
The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.
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A Look At A Possible Corporate Transparency Act Exemption
Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.
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Inconsistent Injury-In-Fact Rules Hinder Federal Practice
A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.