US Coverage
Law360 | The Practice of Law
State Specific Coverage
Law360 Authority | Deep News & Analysis
International
-
April 14, 2026
Siemens Says It Met Conditions For $671M Deduction
Siemens Medical Solutions is entitled to a $670.6 million foreign-dividend tax deduction because it met the three prerequisites set forth in the statute governing the deduction, the company told the U.S. Tax Court.
-
April 14, 2026
Canada To Suspend Fuel Taxes Amid War In Iran
Canada will temporarily suspend excise taxes on fuel, a CA$2.4 billion ($1.7 billion) expenditure aimed at combating price spikes linked to the U.S. and Israel's war in Iran, Prime Minister Mark Carney said Tuesday in his first action after winning a governing majority.
-
April 14, 2026
IRS Audited 3% Of Rich Taxpayers Pegged As Flouting FATCA
The IRS audited just 3% of taxpayers with $6.2 trillion offshore who were identified as noncompliant with the Foreign Account Tax Compliance Act and assessed no penalties to the vast majority of "egregious nonfilers," the Treasury Inspector General for Tax Administration said in a report.
-
April 14, 2026
Customs Casts Doubt On Automating Certain Tariff Refunds
U.S. Customs and Border Protection's automated tariff refund system is nearly complete, but thousands of imports may require a more cumbersome manual process that could undermine the agency's other priorities, an official told the U.S. Court of International Trade on Tuesday.
-
April 14, 2026
Canada Appeals Court Denies Costs To Gov't In Tax Disputes
Canada's government will not receive enhanced legal costs for tax disputes with two companies where it largely prevailed because it failed to demonstrate that related cases held in abeyance justified the extra award, according to the Federal Court of Appeal.
-
April 14, 2026
2nd Circ. Urged To Rethink IRS Win In Foreign Reporting Case
A New York business owner asked the Second Circuit to rethink a panel's decision that held the IRS could automatically assess and administratively collect certain foreign information reporting penalties, arguing that the ruling deepens a nationwide conflict about the agency's assessment authority.
-
April 14, 2026
Fire Alarm Biz Boss Banned Over £327K Tax Dodging
The owner of two fire alarm companies has been banned from running businesses for six years after dodging more than £327,000 ($444,000) in income tax and value-added tax owed to the U.K.'s tax authority, the Insolvency Service said Tuesday.
-
April 13, 2026
EU Biz Plan Aims To Avoid Unanimous Tax Vote, Official Says
The European Commission purposefully stopped short on prescribing tax changes in its EU Inc. company support proposal to avoid having to put the plans to a unanimous vote that may have delayed or derailed the package, an official said Monday.
-
April 13, 2026
Starbucks Claims £13.7M Tax Credit Amid Sales Growth
Starbucks received a £13.7 million ($18.4 million) corporate tax credit in the U.K. in 2025, according to company filings, offsetting losses even as its sales increased 6% in the country.
-
April 13, 2026
Reform UK Leader Defends Deputy On Claims Of Unpaid Tax
Reform UK leader Nigel Farage said Monday that he is "satisfied" that his deputy Richard Tice's company paid the "full amount of tax" in response to allegations that Tice's property company failed to pay £120,000 ($161,500) in taxes on dividends.
-
April 13, 2026
Weil Adds Kirkland, DLA Piper Attys To Private Funds Platform
Weil Gotshal & Manges LLP announced two additions to its private funds platform on Monday, one from Kirkland & Ellis and the other from DLA Piper.
-
April 13, 2026
IRS Updates Rates For Foreign Insurance Co. Equations
The Internal Revenue Service on Monday published updated domestic asset/liability and yields percentages for 2025 that foreign life insurance companies and foreign property and liability insurance companies need to compute their minimum effectively connected net investment income.
-
April 13, 2026
Australia Eyes Higher Penalties For Misconduct By Tax Pros
Australia wants a sizable increase in civil penalties for tax professionals, new categories of misconduct and stronger enforcement capacities for the profession's regulator in response to PricewaterhouseCoopers LLP leaking confidential tax policies to clients, according to the government.
-
April 13, 2026
Details On Electricity Tax Relief Coming In May, EU Chief Says
The president of the European Union's executive arm said Monday that work was advancing on plans to modify electricity taxes amid the fuel price spike caused by the U.S.-Iran war, adding that a legislative proposal will be presented in May.
-
April 13, 2026
Ireland To Cut Energy Taxes Amid Blockades By Protesters
Ireland will spend €505 million ($592 million) on further cuts to fuel taxes, deferring a carbon tax increase and offering financial aid to fuel-intensive industries after protesters blockaded infrastructure over rising costs linked to the U.S. and Israel's war in Iran, according to the government.
-
April 10, 2026
First Phase Of Tariff Refund System To Launch April 20
The first phase of an electronic system allowing U.S. importers to claim refunds for tariffs paid under the global regime struck down by the U.S. Supreme Court will launch April 20, U.S. Customs and Border Protection said Friday.
-
April 10, 2026
EU Probing Czech Cos. Over Suspected €113M VAT Evasion
Authorities in Slovakia have conducted searches connected to an investigation of Czech companies suspected of evading €113.3 million ($133 million) in value-added taxes, the European Public Prosecutor's Office said Friday.
-
April 10, 2026
Md. House OKs Study On Clarifying Foreign Income Exclusion
Maryland would study whether to clarify and codify its existing practice of extending a federal exemption for certain foreign earned income to apply to state income taxes under a Senate bill passed unanimously by the House of Delegates.
-
April 10, 2026
IRS Floats Excise Tax Regs On Overseas Money Transfers
Individuals who send funds to people abroad via a remittance transfer provider using cash, money orders, cashier's checks, traveler's checks and similar financial instruments would trigger a new 1% excise tax on the total amount remitted under proposed regulations the IRS unveiled Friday.
-
April 10, 2026
'Zombie Appeal' Of Moot Case Tossed By Canada Tax Court
A Canadian company can't bring a "zombie appeal" of a resolved dispute with revenue authorities to seek a judicial interpretation of regulations that could affect a business conflict with its insurer, the Tax Court of Canada ruled.
-
April 10, 2026
Taxation With Representation: Goodwin, CMS, Wilson Sonsini
In this week's Taxation With Representation, Gilead Sciences Inc. acquires clinical-stage biotechnology company Tubulis GmbH, private equity firm Court Square Capital Partners closes a multibillion-dollar fund and Neurocrine Biosciences Inc. buys rare-disease drugmaker Soleno Therapeutics Inc.
-
April 10, 2026
Australia Seeks Tighter Gains Tax On Foreign Residents
Australia is looking to tighten its capital gains tax on taxpayers who reside abroad by expanding the base with regard to real property, the country's Treasury Department said in a consultation.
-
April 10, 2026
Absent Taxpayer Can Pursue Appeal Over Missed Hearing
A Scottish company director can challenge a ruling on payroll tax liability following case proceedings he didn't attend, but he cannot also contest the evidence used against him, a tax tribunal said Friday.
-
April 10, 2026
US Biz Group Presses EU To Curtail Pillar 2 Clashes
A group representing U.S. business interests in the European Union called on bloc lawmakers to reduce overlaps between EU tax policy and the global minimum tax initiative from the Organization for Economic Cooperation and Development known as Pillar Two.
-
April 09, 2026
Rivera's Ex-Partner Kept Cut Of $50M Venezuela Contract
Real estate developer and convicted drug trafficker Hugo Perera told jurors Thursday he regretted "1,000%" getting involved with former U.S. Rep. David Rivera in a $50 million contract with a unit of Venezuela's state-owned oil company but admitted he kept his $5 million cut of the deal.
Expert Analysis
-
What's Ahead As Transparency Act Comes To A Crossroads
Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.
-
7 Ways 2nd Trump Administration May Affect Partner Hiring
President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.
-
E-Discovery Quarterly: Rulings On Custodian Selection
Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.
-
Exploring Venue Strategy For Trump-Era Regulatory Litigation
Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.
-
An Associate's Guide To Career Development In 2025
As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.
-
Making The Pitch To Grow Your Company's Legal Team
In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.
-
Tax Court Should Update Framework For Defining Insurance
The U.S. Tax Court's unnecessary determination in Royalty Management Insurance v. Commissioner that a fraudulent transaction did not contain the hallmarks of a legitimate insurance transaction applies an outdated analysis that threatens the captive insurance sector and illustrates the need for a more modern framework to define true insurance, says Matthew Queen at the Queen Firm.
-
When US Privilege Law Applies To Docs Made Outside The US
As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.
-
Impact Of Corporate Transparency Act Ambiguity On Banks
Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.
-
6 Changes I Would Make If I Ran A Law School
Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.
-
Firms Still Have The Edge In Lateral Hiring, But Buyer Beware
Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.
-
Think Like A Lawyer: 1 Type Of Case Complexity Stands Out
In contrast to some cases that appear complex due to voluminous evidence or esoteric subject matter, a different kind of complexity involves tangled legal and factual questions, each with a range of possible outcomes, which require a “sliding scale” approach instead of syllogistic reasoning, says Luke Andrews at Poole Huffman.
-
Think Like A Lawyer: Note 3 Simple Types Of Legal Complexity
Cases can appear complex for several reasons — due to the number of issues, the volume of factual and evidentiary sources, and the sophistication of those sources — but the same basic technique can help lawyers tame their arguments into a simple and persuasive message, says Luke Andrews at Poole Huffman.