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July 21, 2026
UK Lawmakers Call For Tax Cut For Hiring Young Workers
The U.K. government should cut payroll tax for employers that hire workers under 25 since more than 1 million young people are unemployed and outside of education or training, a parliamentary committee says in a report.
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July 21, 2026
AI Could Raise US Tax Take $216B By 2030, Report Says
Rapid adoption of artificial intelligence could grow U.S. federal tax revenues by up to $216 billion in 2030, yet that figure would be twice as large if income gains weren't skewed toward capital instead of labor, the Yale Budget Lab said.
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July 21, 2026
HMRC Investigating 13 Cos. For Failure To Prevent Tax Fraud
Britain's tax authority is carrying out 13 investigations into companies over allegations that they failed to prevent the facilitation of tax fraud, with dozens more under review after criticism that the tax authority has been too slow to police big businesses, HMRC said Tuesday.
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July 21, 2026
Nintendo Seeks Game Over For Tariff Refund Class Suit
A proposed class action looking to force Nintendo to reimburse customers for increased costs that were explicitly tied to President Donald Trump's now struck-down tariff regime should be handled in arbitration or tossed entirely, the company told a Seattle federal court.
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July 21, 2026
UN Releases Draft Protocols For International Tax Treaty
The United Nations has released draft versions of two protocols under negotiation for the framework convention on international tax cooperation.
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July 21, 2026
Budget Bill's FDII Tax Changes Head To OMB Review
The Office of Management and Budget is reviewing the U.S. Treasury Department's proposed regulations for the 2025 federal budget bill's changes to the tax treatment of domestically held intellectual property, including an anti-abuse rule for related-party transactions.
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July 20, 2026
Trump Unveils 50% Canada Tariffs Over 'Trade Discrimination'
President Donald Trump Monday unveiled plans for 50% tariffs on a slew of Canadian products, including alcoholic beverages, dairy products and motor vehicles, pointing to "discriminatory treatment of U.S. commerce" and a provision of the Tariff Act that has seldom been used.
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July 20, 2026
DOJ Hints Russian Court Ruling May Not Stop $5B Award
The Trump administration on Monday urged the D.C. Circuit to closely evaluate a Russian court's determination that an underlying arbitration agreement is invalid as it weighs whether to enforce a nearly $5 billion arbitral award against the Kremlin, saying circumstances surrounding the ruling should be a factor.
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July 20, 2026
Microsoft Hit With Tariff Refund Suit By Xbox Buyer
Microsoft Corp. stands to make an "unjustified windfall profit" through refunds of President Donald Trump's now-invalidated global tariff regime, according to a proposed consumer class action removed to Washington federal court Friday.
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July 20, 2026
IMF Paper Backs Destination-Based VAT For Digital Services
The most coherent way to tax digital services is with value-added taxes that have place-of-supply rules to ensure they apply on a destination basis to final domestic consumption, according to a working paper by the International Monetary Fund.
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July 20, 2026
HMRC Drafts Rules To Collect More Financial Tax Data
Britain's tax authority issued draft regulations Monday that would expand data collection on interest income and card sales from banks.
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July 20, 2026
Canada Tax Court Rejects Panama Trust's Residency Claim
A Panamanian trust's deemed residency in Quebec under provincial law doesn't qualify it for an abatement of federal taxes because the trust wasn't a Quebec resident under federal law despite its "sympathetic case," the Tax Court of Canada said in a judgment.
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July 20, 2026
Staffing Co. Loses VAT Credit Fight Over Fraud Knowledge
A construction recruitment company can't recover input value-added tax after a London court held Monday that its director knew or should have known that its supply chain was compromised by fraud and that the transactions giving rise to the input tax credit were related to the fraud.
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July 20, 2026
EU Urges Tighter Customs Checks Amid Small-Parcel Influx
With low-value imports on the rise, more work is needed to ensure that goods entering the European Union comply with product standards, the European Commission said Monday.
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July 18, 2026
HMRC Rewards Could Benefit 1,200 Whistleblowers Annually
At least 1,200 tax investigations last year were large enough to qualify for the U.K. tax authority's enhanced reward scheme for whistleblowers, which is expected to boost the quantity and quality of disclosures, Pinsent Masons said Saturday.
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July 17, 2026
Keysight Invalidates IRS Rule On GILTI, Abbott Says
A 2019 rule on the calculation of global intangible low-taxed income that the IRS relied on to allocate $8 million to Abbott Laboratories in 2020 is invalid, the company said, citing a recent ruling by the U.S. Court of Federal Claims.
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July 17, 2026
Taxation With Representation: Freshfields, Slaughter And May
In this week's Taxation With Representation, Uber Technologies Inc. buys food delivery company Delivery Hero SE, engineering group ABB Ltd. acquires flow technology company Rotork PLC, and Eli Lilly and Co. buys drug developer AtaiBeckley Inc.
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July 17, 2026
EU Launches Electricity Tax Plan To Spur Clean Fuel Shift
The European Union has unveiled an initiative that will require member states to tax electricity at a lower rate than natural gas to support the bloc's climate goals.
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July 17, 2026
UK Litigation Roundup: Here's What You Missed In London
The past week in London has seen Snapchat and Dolby press on with a fresh infringement claim in their ongoing patent battle, The Telegraph face an intellectual property claim by a photo archive, a group of international human rights barristers and chambers sued, and oil business Equinor embroiled in a contract dispute with BP after recently acquiring full ownership in their offshore project. Here, Law360 looks at these and other new claims in the U.K.
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July 17, 2026
EU Countries Split On Pillar 2 Multinationals' Reporting Breaks
European Union countries are deeply divided on proposals from the European Commission to exempt Pillar 2 companies from certain rules that aim to prevent tax abuse, EU officials told Law360.
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July 16, 2026
Tile Importer Adds To Tax Dispute Over Captive Arrangement
A New York glass tile importer that had challenged IRS income adjustments of $4.8 million for 2018 through 2020 related to its captive insurance program added a fourth year to its dispute, saying the agency erred in increasing its income by $1.2 million for 2021.
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July 16, 2026
Meta Says Altera Ruling Doesn't Control In Stock Option Fight
The Ninth Circuit's 2019 ruling against Altera, which upheld an IRS regulation requiring companies to share the cost of stock options in joint ventures with foreign affiliates, has no bearing on Meta Platforms' dispute over the same issue, the social media company told the U.S. Tax Court.
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July 16, 2026
German Court Convicts Former Banker In €320M Cum-Ex Case
A former banker at an Australian firm was convicted Thursday by a German court of attempting €320 million ($366 million) in tax evasion as part of a cum-ex dividend scandal, a court spokesperson told Law360.
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July 16, 2026
Ashurst Perkins Adds Tax Pro In LA From Stradling Yocca
Ashurst Perkins Coie announced Thursday that it has bolstered its tax practice with a Los Angeles-based partner who came aboard from Stradling Yocca Carlson & Rauth PC.
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July 16, 2026
HMRC Seeks Input On Reworking Bank Levy Definitions
HM Revenue & Customs is seeking input on changing some of the definitions of terms in the U.K.'s bank levy legislation because of changes to the provisions they reference, according to a consultation launched Thursday.
Amgen To Pay $74M To End Investor Suit Over $10.7B Tax Bill
Pharmaceutical giant Amgen has agreed to pay $74 million to resolve an investor class action alleging it hid a $10.7 billion tax bill from shareholders, according to an agreement filed in New York federal court.
Burnham Removes Tax On Electric Bills To Ease Living Costs
Electricity bills will be freed from value-added tax to relieve financial pressure on British households and small businesses this winter, Prime Minister Andy Burnham said Tuesday.
CIT Judge Changes IEEPA Test Case But Retains Schedule
The U.S. Court of International Trade has selected a new underlying case as the one to test the federal government's updates on its system for refunding duties charged under President Donald Trump's struck-down global tariff regime, though it otherwise kept in place certain reporting and hearing deadlines.
Featured Stories
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Circuit-By-Circuit Guide To The US Supreme Court's Term
Federal appeals courts had wide-ranging successes and struggles during the U.S. Supreme Court's recently completed term: One had its best showing in years following its worst showing in years; one felt déjà vu after recently starting to find favor with the justices; and one saw its reputation for independence occupy a rare role in the Supreme Court spotlight.
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IRS Ethics Guidance Highlights AI Billing Tensions
Recent IRS ethics guidance urged attorneys to acknowledge the time-saving features of artificial intelligence when billing clients, underlining the legal industry's ongoing reckoning with how, or if, this technology fits into the traditional practice of charging by the hour.
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US-Canada Stalemate Expected To Hold Amid USMCA Review
The trade stalemate between the U.S. and Canada is likely to continue through a drawn-out review process for the U.S.-Mexico-Canada Agreement, though companies will benefit from an underlying level of stability as the deal remains in effect, trade lawyers said.
Expert Analysis
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Being A Magician Makes Me A Better Lawyer
The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.
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Choral Singing Makes Me A Better Lawyer
Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.
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Power To The Paralegals: Burnout As A Structural Problem
Law firm leadership can best retain their paralegals not by encouraging self-care, but by seeking top-down structural solutions for the quiet proliferation of responsibilities and the vicarious exposure to client trauma that particularly drive burnout in this vital role, says Erika Sneeringer at Brockstedt Mandalas.
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Managing Post-IEEPA Tariff Refunds, Replacements And Risks
Companies and investors reeling from the rapid changes resulting from February's U.S. Supreme Court ruling that the International Emergency Economic Powers Act doesn't authorize tariffs should focus on understanding the duty refund process, the likely replacement tariffs and the operational ways they can minimize their tariff exposure, say attorneys at Debevoise.
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Economic Questions To Ask Amid Tariff Refund Class Actions
The U.S. Supreme Court's recent holding that the International Emergency Economic Powers Act doesn't authorize the president to impose tariffs has sparked class actions, but determining whether a retailer received a windfall is complex, even if it passed tariff costs into consumer prices before receiving a refund, say economists at Ankura Consulting Group.
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Cow Horse Makes Me A Better Lawyer
Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at least for me, a surprisingly effective training ground for litigation — both demand focus, preparation over rigid planning and the willingness to act despite fear, says Ashley Zitrin at Glenn Agre.
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Checking For AI Errors Is Now A Two-Way Street
A handful of recent federal and state cases demonstrate the importance of checking for errors generated by artificial intelligence not only in your own court submissions, but also your opponent's, as well as when catching opposing counsel's AI mistakes could result in an award for attorney fees, says Tamara Barago at Hollingsworth.
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5 Things Associates Must Ask About Their Firm's Merger Plan
The associates who navigate law firm mergers best ask the right questions early, such as inquiring about partners' plans, to assess how the merger could affect their workflow and career path, says Jackie Bokser-LeFebvre at Major Lindsey.
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2 'Rocket Dockets' And The Rules That Propel Them
The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern District of Florida, and their chief judges provide insights into the court rules that keep them ahead, says Robert Tata at Hunton.
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Your Next Litigation Hold Should Cover AI Chat Logs
The Delaware Chancery Court’s recent decision in Fortis Advisors v. Krafton to treat a CEO’s artificial intelligence chats as substantive evidence is being read as a discovery warning to litigators, but there is a second duty-to-preserve lesson that is especially pertinent to in-house counsel, say attorneys at Faegre Drinker.
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Studying Foreign Languages Makes Me A Better Lawyer
Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways, including by demonstrating the importance of approaching problems from a fresh perspective and the value of practicing patience with colleagues and clients, says Anna King at Genworth Financial.
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Sold Inventory May Drive Tax Treatment Of Tariff Refunds
Companies determining the tax treatment of refunds expected following the U.S. Supreme Court's February decision invalidating tariffs imposed under the International Emergency Economic Powers Act should consider whether the tariff costs have already reduced their income considering the cost of goods sold, say attorneys at McDermott.
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Adapting To AI-Driven Scrutiny Of Foreign Asset Disclosures
As the government expands AI-driven, cross-agency fraud detection, foreign asset disclosure should be viewed as part of a broader, data‑driven enforcement ecosystem that prioritizes consistency, documentation and proactive governance, says Logan Koehring at FBT Gibbons.