International
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June 06, 2025
Arizona Mining Co. Challenges $417M Ruling In Peru Dispute
Peru breached its U.S. trade agreement by imposing $417 million in penalties and interest on the unpaid royalties of an Arizona-based mining company's local operator, the company said while asking international arbiters to partially annul an award that it claimed mistakenly ignored the issue.
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June 06, 2025
Labour Gov't Eases Carried Interest Rules On Fund Managers
The Labour government has unveiled a series of concessions on changes to the tax rules for carried interest, the investment income passed onto fund managers, following a consultation on the plans.
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June 06, 2025
Taxation With Representation: Winston, Stibbe, Weil, Goodwin
In this week's Taxation With Representation, Chart Industries Inc. and Flowserve Corp. merge, Aedifica NV and Cofinimmo NV unite, Sanofi buys Blueprint Medicines Corp., and Kimberly-Clark Corp. sells a majority stake in its international tissue business to Suzano.
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June 06, 2025
Darts Champ Banned As Director Over Unpaid £450K Tax Bill
A former darts world champion has been banned from running companies for five years after his business failed to pay more than £450,000 ($610,000) in tax, the Insolvency Service has revealed.
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June 06, 2025
Switzerland Plans Tax Data Reporting For Crypto
The Swiss government said Friday that it has approved a plan to extend the automatic exchange of information for tax matters to apply to crypto-assets.
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June 05, 2025
Swedish Tax Cuts Could Imperil Emission Targets, OECD Says
Energy tax cuts included in Sweden's 2025 budget run counter to greenhouse gas reduction goals and may result in Sweden failing to meet its legally binding targets, the Organization for Economic Cooperation and Development said Thursday.
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June 05, 2025
OECD Suggests South Africa Expand Tax Base To Cut Debt
South Africa overly limits its tax base through expenditures like deductions and exemptions, the Organization for Economic Cooperation and Development said Thursday, recommending the country broaden its base in order to reduce its debt.
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June 05, 2025
Trump Expects China Trade Talks To Resume After Xi Phone Call
President Donald Trump said he and Chinese President Xi Jinping spoke over the phone Thursday about an impasse in ongoing trade talks over U.S. claims China was slow-walking the exports of rare earths, with Trump saying he expects meetings between the countries' negotiating teams to resume.
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June 05, 2025
EU Wants To Loosen State Aid For Affordable Housing
The European Union wants to address a lack of affordable housing by making it easier for governments to provide state aid to support the construction of new buildings and renovations of existing buildings, the bloc's executive branch said in a consultation.
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June 05, 2025
Sweden Proposes $2.6M Cap On Interest Deductions
Sweden would ignore contributions within corporate groups and deficits from prior years when calculating a company's interest deduction, under rules proposed Thursday.
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June 05, 2025
German Court Convicts 2 More Tied To €100M VAT Fraud
A German court convicted two more people for their roles in a €100 million ($114 million) value-added tax fraud scheme involving services that let users make phone calls via the internet, the European Public Prosecutor's Office said Thursday.
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June 05, 2025
HMRC Loses £47M To Phishing Targeting PAYE Accounts
HM Revenue & Customs has detected phishing attacks on 100,000 taxpayer accounts, costing the revenue service £47 million ($64 million), the tax authority's new chief executive told members of Parliament.
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June 05, 2025
US Biz Council Wants Treaty Talks With Switzerland, Taiwan
Large U.S. multinational corporations want to see the U.S. Department of the Treasury prioritize tax treaty negotiations with Switzerland and Taiwan, according to survey results published Thursday by the National Foreign Trade Council.
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June 05, 2025
EU OKs Irish Tax Credit For Unscripted Cultural TV Programs
The European Commission announced Thursday that it approved the Irish government's €211 million ($241 million) tax credit designed to support unscripted audiovisual programs with Irish and European cultural content.
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June 05, 2025
About 30% Of Firms Paying UK DST Aren't In US, Report Says
Nearly 30% of companies that paid the U.K.'s digital services tax in 2023-2024 were headquartered outside the U.S., which contrasts with the popular notion that American firms pay the tax almost exclusively, advocacy group TaxWatch said Thursday, citing data provided by HM Revenue & Customs.
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June 05, 2025
KFC Parent Co. Fights $4B IRS Bill In Tax Court
The parent company of Pizza Hut, KFC and Taco Bell is challenging $2.5 billion in taxes and penalties that the IRS claims it owes for a corporate reorganization to restructure its international operations, according to a U.S. Tax Court petition served Thursday, a figure that has topped $4 billion with interest.
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June 04, 2025
NJ Man Cops To Dodging $2M Tax Bill On Real Estate
A New Jersey man linked to an intricate pension plan scheme involving refunds from the Dutch government pled guilty to evading more than $2.4 million in U.S. taxes by concealing ownership of more than $5.5 million in real estate, the U.S. Department of Justice said Wednesday.
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June 04, 2025
Steel, Aluminum Tariff Hike Casts Cloud Over US Investment
President Donald Trump's latest tariff increases on steel and aluminum imports strengthen an existing barrier to an already duty-riddled trade environment and could put both domestic and foreign businesses' investment opportunities in the U.S. at risk, experts say.
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June 04, 2025
Biz Groups Urge US To Pressure Canada To Drop Digital Tax
A coalition of business lobbying groups have urged the U.S. government to take "decisive action" against Canada's digital services tax before the June 30 payment deadline, contending that the levy will cost U.S. companies about $2 billion this year.
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June 04, 2025
Bulgaria Meets Criteria To Switch To Euro Next Year, EU Says
The European Commission and European Central Bank affirmed that Bulgaria has met all necessary criteria to adopt the euro as its currency starting Jan. 1, which would make it the 21st country to do so.
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June 04, 2025
US Again Tops Tax Advocacy Group's Financial Secrecy Index
The U.S. has again topped the list of the world's biggest enablers of financial secrecy, in part due to a continued lack of transparency for trusts, according to a report from advocacy group Tax Justice Network.
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June 04, 2025
Brazil Removes UAE From List Of Problem Tax Jurisdictions
Brazil no longer considers the United Arab Emirates to have an improper preferential tax regime, which the Middle East country said should foster greater cooperation between the two countries, the UAE said Wednesday.
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June 04, 2025
Satellite Co. Execs Released In $250M Fraud, Evasion Case
Two more satellite company executives facing charges of tricking investors out of $250 million are being released after their leader, who was additionally accused of tax crimes, was deemed a flight risk, according to D.C. federal court documents.
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June 04, 2025
Trade Talks With US Trying To Avoid Tariff Hikes, EU Says
The European Union and the U.S. aim to avoid tariff hikes threatened by President Donald Trump beginning July 9 as they negotiate this week on investments to rebalance trade in goods and on what the U.S. considers trade barriers, the bloc's trade commissioner said Wednesday.
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June 04, 2025
US, UK Clarify Tariffs On Cars, Metals As Trade Talks Continue
A trade deal between the U.S. and the U.K. that will reduce U.S. tariffs on British cars to 10% and remove those levies on some metals will come into effect "in just a couple of weeks," Prime Minister Keir Starmer told Parliament on Wednesday.
Expert Analysis
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How Judiciary Can Minimize AI Risks In Secondary Sources
Because courts’ standing orders on generative artificial intelligence and other safeguards do not address the risk of hallucinations in secondary source materials, the judiciary should consider enlisting legal publishers and database hosts to protect against AI-generated inaccuracies, say attorneys at Lankler Siffert & Wohl.
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How Attorneys Can Break Free From Career Enmeshment
Ambitious attorneys can sometimes experience career enmeshment — when your sense of self-worth becomes unhealthily tangled up in your legal vocation — but taking the time to discover and realign with your core personal values can help you recover your identity, says Janna Koretz at Azimuth Psychological.
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Lawyers With Disabilities Are Seeking Equity, Not Pity
Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.
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Judicial Committee Best Venue For Litigation Funding Rules
The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital.
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The Strategic Advantages Of Appointing A Law Firm CEO
The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.
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How Cos. Can Build A Strong In-House Pro Bono Program
During this year’s pro bono celebration week, companies should consider some key pointers to grow and maintain a vibrant in-house program for attorneys to provide free legal services for the public good, says Mary Benton at Alston & Bird.
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Home Canning Makes Me A Better Lawyer
Making my own pickles and jams requires seeing a process through from start to finish, as does representing clients from the start of a dispute at the Patent Trial and Appeal Board through any appeals to the Federal Circuit, says attorney Kevin McNish.
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Use The Right Kind Of Feedback To Help Gen Z Attorneys
Generation Z associates bring unique perspectives and expectations to the workplace, so it’s imperative that supervising attorneys adapt their feedback approach in order to help young lawyers learn and grow — which is good for law firms, too, says Rachael Bosch at Fringe Professional Development.
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Congress Can And Must Enact A Supreme Court Ethics Code
As public confidence in the U.S. Supreme Court dips to historic lows following reports raising conflict of interest concerns, Congress must exercise its constitutional power to enact a mandatory and enforceable code of ethics for the high court, says Muhammad Faridi, president of the New York City Bar Association.
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What To Make Of Dueling Corporate Transparency Act Rulings
Although challenges to the Corporate Transparency Act abound — as highlighted by recent federal court decisions from Alabama and Oregon taking opposite positions on its constitutionality — the act is still law, so companies should comply with their filing requirements or face the potential consequences, say attorneys at Lowenstein Sandler.
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The Pop Culture Docket: Justice Lebovits On Gilbert And Sullivan
Characters in the 19th century comic operas of Gilbert and Sullivan break the rules of good lawyering by shamelessly throwing responsible critical thought to the wind, providing hilarious lessons for lawyers and judges on how to avoid a surfeit of traps and tribulations, say acting New York Supreme Court Justice Gerald Lebovits and law student Tara Scown.
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State Of The States' AI Legal Ethics Landscape
Over the past year, several state bar associations, as well as the American Bar Association, have released guidance on the ethical use of artificial intelligence in legal practice, all of which share overarching themes and some nuanced differences, say Eric Pacifici and Kevin Henderson at SMB Law Group.
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8 Childhood Lessons That Can Help You Be A Better Attorney
A new school year is underway, marking a fitting time for attorneys to reflect on some fundamental life lessons from early childhood that offer a framework for problems that no legal textbook can solve, say Chris Gismondi and Chris Campbell at DLA Piper.