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International
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May 21, 2026
EPPO Conducts Searches In €2.6M VAT Fraud Case
Authorities across Europe have searched several properties tied to a €2.6 million ($3 million) value-added tax fraud by suspects whom the European Public Prosecutor's Office believe are linked to other VAT frauds worth hundreds of millions of euros, the office said Thursday.
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May 21, 2026
UK To Block Foreign Co. Losses From Lowering Domestic Tax
The U.K. will require companies to exempt profits and losses attributed to a foreign permanent establishment from domestic taxation beginning next year, HM Revenue & Customs said Thursday.
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May 21, 2026
'Check-The-Box' Correctly Applied To Partnership, IRS Says
The U.S. Tax Court properly applied what are commonly known as check-the-box rules in determining that a company contributing a promissory note for a stake in a partnership had zero basis in the note, the IRS said in objecting to the partnership's motion for reconsideration.
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May 21, 2026
ECJ Adviser Backs Challenge To Sweden's Bank Risk Tax
The European Union's lower court was wrong to uphold Sweden's risk tax on the country's largest credit institutions, an adviser to the bloc's top court said Thursday, because the levy could create a potential selective advantage for untaxed companies.
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May 21, 2026
Trade Court Won't Pause Tariff Ruling During US Appeal
The U.S. Court of International Trade won't stay its ruling blocking the collection of temporary global duties for two businesses and the state of Washington while the federal government appeals the judgment to the Federal Circuit, according to an opinion.
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May 21, 2026
Taiwan Outlines Filing Extensions For Controlled Foreign Cos.
Companies filing taxes in Taiwan are required to declare income from controlled foreign corporations and must apply for a one-time extension by midyear if they're unable to submit audited financial statements, the tax authority said Thursday.
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May 21, 2026
EU Elects New Chair Of Int'l Tax Conduct Group
The European Union group that monitors foreign jurisdictions' tax practices for potential harm elected a Slovenian official Thursday as its chair for the next two years.
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May 21, 2026
UK To Crack Down On Energy Giants' Offshore Tax Planning
U.K. Chancellor of the Exchequer Rachel Reeves announced plans Thursday to restrict offshore tax planning by energy multinationals as part of a series of fiscal measures, including cuts to fuel duty and value-added tax.
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May 20, 2026
Bolt Argues Ride-Hailing Apps Qualify For UK VAT Break
The U.K.'s tax authority can't bar ride-hailing companies from claiming a value-added tax exemption for travel agents, Bolt's counsel told a London court Wednesday, because the agency has long recognized in official guidance that taxi firms can receive the tax break.
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May 20, 2026
EU Lawmakers Agree To Include Safeguards In US Trade Deal
The Parliament and Council of the European Union reached a provisional agreement Wednesday morning to strengthen safeguards to the trade deal reached last year with the U.S., according to a press release.
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May 20, 2026
UK Extends Cut To Fuel Tax As War In Iran Raises Prices
The U.K. will extend a tax cut of 5 pence (7 cents) per liter of fuel through the rest of the year to address higher prices linked to the war in Iran, the government said Wednesday.
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May 20, 2026
Hong Kong Seeks To Adopt Crypto Tax Transparency System
Hong Kong's government will ask lawmakers to adopt the OECD's crypto asset reporting framework next month, expects the system to take effect next year and anticipates exchanges between tax authorities to start in 2028, the territory's tax authority said Wednesday.
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May 20, 2026
Hong Kong Hikes Transaction Tax For High-End Homes
Hong Kong lawmakers adopted legislation Wednesday to hike the rate of a tax on residential real estate transactions valued above HK$100 million ($12.7 million).
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May 20, 2026
KC Used Expertise To Dodge £2M In Tax, Prosecutors Say
A senior tax barrister cheated the public purse out of almost £2 million ($2.7 million) through a series of "elaborate arrangements," a prosecutor said on the first day of the lawyer's criminal trial on Wednesday.
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May 19, 2026
States Tell CIT To Reject Gov't's Request To Stay Tariff Ruling
The federal government's arguments to stay a permanent injunction against the collection of President Donald Trump's temporary global duties for two small businesses and the state of Washington while it appeals the ruling are overblown, a coalition of states told the U.S. Court of International Trade on Tuesday.
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May 19, 2026
Costco Calls Suit Over Tariff Refunds Premature
Costco urged an Illinois federal court to toss a putative consumer class action seeking to recoup the higher costs that shoppers paid under President Donald Trump's global tariffs, contending that the case is premature in the wake of uncertain corporate refunds.
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May 19, 2026
IRS Finalizes Changes To Partnership Interest Sales
The IRS issued final regulations Tuesday that remove a requirement for partnerships to include information in tax returns to help partners who sold interests in businesses with noncapital assets determine their gain or loss, preserving the rules as proposed last year.
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May 19, 2026
UK Eyes Property Tax Charge For Multimillion-Pound Homes
The U.K. government is seeking feedback on a property tax surcharge for homes worth at least £2 million ($2.67 million), according to a consultation launched Tuesday.
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May 19, 2026
Ride-Hail App Bolt Can't Get £190M VAT Break, HMRC Argues
Ride-hailing company Bolt shouldn't be able to claim a £190 million ($254.3 million) value-added tax exemption for travel agents and tour operators because its drivers provide transportation and don't lead tours or book vacations, the U.K.'s tax authority argued before a London court on Tuesday.
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May 19, 2026
Maynard Nexsen Adds Transactional Tax Pro In NC
Maynard Nexsen PC announced that it has added a partner to the firm's tax practice group from Nelson Mullins Riley & Scarborough LLP, adding that the Charlotte, North Carolina, hire brings expertise in transactional tax structuring and planning.
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May 18, 2026
Ex-Austrian Bank CEO To Plead Out In $170M Odebrecht Case
The former CEO of Austrian lender Meinl Bank AG who was extradited from the U.K. has reached a tentative deal to resolve criminal charges that he helped Odebrecht SA hide $170 million in funds used to bribe officials around the world and defraud the Brazilian government, a Brooklyn federal court heard Monday.
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May 18, 2026
Timing Wrinkle Could Muddle Foreign Currency Tax Rules
The U.S. Treasury Department has signaled plans to simplify the process for determining the taxable corporate income of affiliates that conduct business in foreign currencies, but the unclear timeline of upcoming guidance could complicate compliance initially.
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May 18, 2026
HMRC Wins Appeal In £56M Supplements Dispute
A supplements provider can rely only on expert evidence limited to the nutritional quality of the products in a £56 million ($75 million) value-added tax dispute with HM Revenue & Customs, a London tribunal said in a ruling siding with the tax agency released Monday.
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May 18, 2026
Switzerland Should Repeal Global Minimum Tax, Study Says
Switzerland should repeal the 15% global minimum tax because it's far short of worldwide adoption, the United States' exemption could damage Swiss tax revenues and legal risks could trigger large refunds, according to a study published Monday by academics commissioned by a business lobby.
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May 18, 2026
K&L Gates Tax Trio Joins Holland & Knight In Dallas
Holland & Knight LLP announced Monday that three Dallas-based state and local tax attorneys from K&L Gates LLP have joined the firm's tax, executive compensation and benefits practice.
Expert Analysis
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5 Litigation Funding Trends To Note In 2025
Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.
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Rethinking Litigation Risk And What It Really Means To Win
Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.
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Small Biz Caught In Corporate Transparency Act Crossfire
Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.
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No, Litigation Funders Are Not 'Fleeing' The District Of Del.
A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway.
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5 E-Discovery Predictions For 2025 And Beyond
In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.