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February 25, 2026
Cayman Fund Tells 3rd Circ. Error Sinks $100M Tax Ruling
The Internal Revenue Service has been unable to show that a Cayman Islands hedge fund carried out an on-shore business, the fund told the Third Circuit in challenging a U.S. Tax Court decision that said the fund owed $100 million in taxes.
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February 25, 2026
Tax Group Of The Year: Baker McKenzie
Baker McKenzie's tax practice conquered several high-profile cases in the past year, advising prominent companies like Meta Platforms Inc. on its challenge of a multibillion-dollar income adjustment and S&P Global on its spin-off transaction, earning the firm a spot as one of the 2025 Law360 Tax Groups of the Year.
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February 25, 2026
Fed. Circ. Pressed To Immediately Release Tariff Mandate
Small businesses behind the successful challenge to President Donald Trump's emergency tariffs asked the Federal Circuit Tuesday to immediately issue its mandate so the lower U.S. Court of International Trade can consider how to order the government to issue refunds for importers that paid the unlawful duties.
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February 25, 2026
Polsinelli Brings On Tax Atty In Atlanta From Smith Gambrell
Polsinelli PC has expanded its tax practice with a new shareholder in Atlanta who came aboard from Smith Gambrell & Russell LLP, Polsinelli announced Tuesday.
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February 25, 2026
Treasury To Float Simplified Foreign Currency Rules
The U.S. Treasury Department announced plans Wednesday to simplify existing regulations that cover how companies can determine the taxable income of affiliates that conduct business in a foreign currency, including new rules that would allow for a single annual calculation.
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February 25, 2026
Hong Kong Floats One-Off Income Tax Cut In Budget
Hong Kong's government wants a one-off reduction to its profits tax and other income taxes, an expansion of stamp duty relief for intragroup transfers of immoveable property and a higher stamp duty for mansions, according to a budget summary released Wednesday.
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February 24, 2026
Trump Says Countries Will Keep Deals Despite Tariff Ruling
President Donald Trump said trade deals reached with countries underpinned by tariffs invalidated by the U.S. Supreme Court would continue to be honored during his State of the Union on Tuesday evening, although it remained unclear precisely how those duty terms will be reimposed domestically.
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February 24, 2026
EU Trade Chief Urges Skeptical Lawmakers To Pass US Deal
The European Union's trade commissioner pleaded Tuesday with the bloc's lawmakers to ratify a trade deal with the U.S. next month, attempting to reassure skeptical lawmakers that President Donald Trump's administration has promised to respect its terms.
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February 24, 2026
Treasury Eyeing Pillar 2 Safe Harbor Guidance, Official Says
The U.S. Treasury Department expects to negotiate international guidance for the recently agreed-to side-by-side safe harbor under the worldwide corporate minimum tax agreement known as Pillar Two, including updates to the regime's global information return, a Treasury official said Tuesday.
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February 24, 2026
Canadian Investor Loses Tax Battle Over BVI Arrangement
A Canadian investor who redomiciled his holding company to the British Virgin Islands days before a profitable share sale bypassed anti-deferral rules through a tax scheme, Canada's Federal Court of Appeal said in overturning a lower court ruling.
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February 24, 2026
Lords Slam Labour's 'Regressive' Salary Sacrifice Reforms
Conservative peers told the government on Tuesday that its planned £2,000 ($2,700) cap on salary sacrifice pension saving arrangements will unfairly harm lower-earning workers.
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February 24, 2026
DC Circ. Won't Stop IRS From Sharing Data With DHS
Immigrant advocacy groups challenging the legality of an information-sharing agreement between federal immigration authorities and the IRS are not entitled to a court order stopping the tax agency from sharing taxpayer addresses for enforcement purposes, the D.C. Circuit said Tuesday.
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February 24, 2026
EU Approves €400M Greek State Aid, Including Tax Perks
The European Commission approved a Greek clean technology state aid scheme on Tuesday that will come partly in the form of tax advantages, the commission announced.
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February 23, 2026
FedEx, Bausch, Other Cos. Join Race For Tariff Refunds
FedEx, Bausch & Lomb and L'Oreal are among the companies that raced to the U.S. Court of International Trade on Monday seeking full refunds of the trade duties they paid as a result of the 2025 tariffs that President Donald Trump illegally imposed under the International Emergency Economic Powers Act.
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February 23, 2026
Senate Dems Aim To Require Refunds Of Illegal Trump Tariffs
Senate Democratic lawmakers introduced legislation Monday to require the federal government to issue refunds to importers for duties paid that were imposed by President Donald Trump under the International Emergency Economic Powers Act, following the U.S. Supreme Court's ruling deeming those measures unlawful.
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February 23, 2026
EU Lawmakers Delay Vote On US Trade Deal Amid Uncertainty
The European Parliament agreed Monday to postpone a vote on the bloc's trade deal with the U.S. as lawmakers were unclear on whether new tariffs violate its terms, though the White House told Law360 the levies won't breach the agreed maximum rate on the European Union.
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February 23, 2026
US Customs Stops Collecting Tariffs Starting Tuesday
U.S. Customs and Border Protection will stop collecting the tariffs President Donald Trump illegally imposed under the International Emergency Economic Powers Act beginning at midnight Tuesday, according to guidance sent late Sunday.
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February 23, 2026
UK Will Uphold Tariff Deal With US, Trade Secretary Says
The British government will honor its trade deal with the United States after the U.S. Supreme Court's ruling that President Donald Trump raised tariffs unlawfully, the U.K.'s trade secretary confirmed Monday.
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February 23, 2026
India Cuts Dividend Tax For French Investors
The Indian government has changed the terms of its double taxation agreement with France, cutting its dividend tax for French investors and expanding its taxing powers over certain transactions, the Indian finance ministry said Monday.
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February 23, 2026
'Freedom Tax' On Agenda As New Dutch Gov't Sworn In
Coalition leaders of the Netherlands' new government, who were sworn in Monday, say one item on their agenda will be the introduction of what they call a freedom tax to raise contributions from individuals and companies to go toward defense spending.
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February 23, 2026
Justices Won't Review Conviction In $1B Renewables Fraud
The U.S. Supreme Court declined Monday to hear an appeal from the convicted leader of a fraudulent $1 billion renewable-energy scheme who contended that he was unlawfully ordered to forfeit a "gobsmacking" $181 million based on joint and several liability.
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February 20, 2026
3 Questions After Justices Sink Trump's Emergency Tariffs
The U.S. Supreme Court's ruling that President Donald Trump's tariffs imposed under the International Emergency Economic Powers Act are unlawful left open questions for practitioners, including how importers may qualify and claim refunds for the illegal duties paid. Here, Law360 examines three open questions following the justices' ruling.
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February 20, 2026
Full 8th Circ. Won't Revisit 3M's Win Against IRS
The full Eighth Circuit declined to rethink a panel's ruling that held the Internal Revenue Service lacked the statutory authority to allocate nearly $24 million in royalty payments that 3M Co. said it was blocked from receiving under Brazilian law.
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February 20, 2026
UK's Tax Take Surges Ahead Of Spring Budget
The U.K. Labour government's budget surplus doubled to £30.4 billion ($41 billion) in January from a year prior on the back of continued growth in tax receipts in the first 10 months of fiscal year 2025-26, according to official data published Friday.
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February 20, 2026
Taxation With Representation: Freshfields, Simpson Thacher
In this week's Taxation With Representation, science and technology company Danaher Corp. acquires medical technology company Masimo Corp., Covetrus merges with a unit of fellow animal health technology company Cencora, and private equity firm Leonard Green & Partners LP buys outstanding Mister Car Wash Inc. shares not already owned by LGP affiliates.
Expert Analysis
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US Reassessment Of OECD Tax Deal Is Right Move
The wholesale U.S. reevaluation of the Organization for Economic Cooperation and Development's global tax deal ordered by President Donald Trump is a positive step that could ultimately create a more durable international tax system, says Anne Gordon at the National Foreign Trade Council.
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Measuring And Mitigating Harm From Discriminatory Taxes
In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.
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Adapting To Private Practice: From DOJ Leadership To BigLaw
The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.
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How The CRE Industry Is Adapting To Tariff Uncertainty
Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.
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Law Firm Executive Orders Create A Legal Ethics Minefield
Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.
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Trade Policy Shifts Raise Hurdles For Gov't And Cos. Alike
The persistent tension between the Trump administration's fast-moving and aggressive trade policies and the compliance-heavy nature of the trade industry creates implementation challenges for both the business community and the government, says Sara Schoenfeld at Kamerman.
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Firms Must Embrace Alternative Billing Models Or Fall Behind
As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.
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How Attorneys Can Master The Art Of On-Camera Presence
As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.
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Firms Still Have Lateral Market Advantage, But Risks Persist
Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.
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We Must Allow Judges To Use Their Independent Judgment
As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.
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Preparing For Tariffs On Canadian Power In The Northeast
The on-again, off-again risk of import and export tariffs on energy transactions between the U.S. and Canada may have repercussions for U.S. energy stakeholders in the ISO New England and New York Independent System Operator electricity markets — but there are options that could help reduce cost impacts, say attorneys at Husch Blackwell.
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Making The Case For Rest In The Legal Profession
For too long, a culture of overwork has plagued the legal profession, but research shows that attorneys need rest to perform optimally and sustainably, so legal organizations and individuals must implement strategies that allow for restoration, says Marissa Alert at MDA Wellness, Carol Ross-Burnett at CRB Global, and Denise Robinson at The Still Center.
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Mitigating Tariff Risks For Healthcare In US And Canada
Healthcare stakeholders should take steps to evaluate the impact of cross-border tariffs, as the historically strong ties between Canada and the U.S. demonstrate the potential for real disruption and harm to the healthcare industry in both countries, say attorneys at Norton Rose.