International

  • November 12, 2024

    Biffa Sues Contractor For £2M Over Waste Scheme Tax Scam

    Biffa is suing one of its contractors for £2.2 million ($2.8 million) for allegedly conspiring with two other waste management companies to disguise their waste in a scheme to secure lower tax rates.

  • November 11, 2024

    HMRC To Refund £700M To Businesses After ECJ Ruling

    Britain's tax authority is expected to pay £700 million ($900 million) in refunds to ITV PLC and several other companies after the U.K.'s successful appeal at the European Union's highest court over tax breaks for controlled foreign companies.

  • November 11, 2024

    Hospitality Industry Group Warns Chancellor Over Tax Plans

    More than 200 leaders of U.K. companies in the hospitality sector issued an open letter Monday warning Chancellor Rachel Reeves that her decision to raise employers' national insurance contributions will harm businesses.

  • November 08, 2024

    Italy's Finance Minister Says EU Must Adopt Digital Tax

    The European Union must adopt a digital services tax despite the threat of retaliatory trade measures by the U.S., Italy's finance minister told the country's Parliament as it seeks to widen the scope of its own measure to domestic companies.

  • November 08, 2024

    Aussie Accounting Group Says No Need For New Gov't Body

    A group representing Australian accounting professionals pushed back Friday on a parliamentary committee's recommendation that the government review the processes of professional accounting bodies with an eye to potentially replacing them with an independent one.

  • November 08, 2024

    Shutts & Bowen Adds Complex Taxation Pro In Sarasota

    Shutts & Bowen LLP has brought on a new partner at the firm's growing Sarasota, Florida, office, bringing close to 20 years of private practice tax law experience to the firm's private client services practice group.

  • November 08, 2024

    Audits Of Large Australian Cos. Generate $1.64B

    Audits and reviews of 24 large companies in Australia generated AU$2.5 billion ($1.64 billion) in tax revenue in 2023-24, the Australian Taxation Office said.

  • November 08, 2024

    Apache To Pull North Sea Investments Over UK Windfall Tax

    Texas-based oil giant Apache Corp. said Friday that it will wind up its North Sea oil operations by 2030 in response to the U.K.'s plan to raise the energy profits levy — known as the windfall tax — by 3 percentage points.

  • November 08, 2024

    8 EU Countries Call For Increased Russian Import Duties

    A group of eight European Union member countries called on the bloc's executive body to consider increased import duties on Russian goods in response to the war in Ukraine, Sweden's Ministry of Foreign Affairs said Friday.

  • November 07, 2024

    Danish Gov't Can't Exclude 2012 Evidence In $2B Tax Case

    A New York federal judge allowed U.S. pension plans to present a Danish firm's 2012 opinion as key evidence in an upcoming trial in the Danish government's $2 billion tax fraud case against them, but barred three other pieces of evidence.

  • November 07, 2024

    EU's Anti-Tax Avoidance Rules Underperforming, Group Says

    The European Union should strengthen its rules for combating tax avoidance by categorically including certain income of controlled foreign corporations and by limiting deductions for intragroup royalties and service fees, the Tax Justice Network said in response to a consultation by the bloc.

  • November 07, 2024

    Varian Not Relevant In Liberty Global Case, US Tells 10th Circ.

    A U.S. Tax Court decision that granted medical device company Varian Medical Systems a deduction for dividends received from foreign subsidiaries does not support Liberty Global's claims to a $110 million tax refund, the federal government told the Tenth Circuit on Thursday.

  • November 07, 2024

    ECJ Says VAT Applies To Land Prepared For Building

    Land with foundations to build residential housing is subject to value-added tax as a supply of land in the European Union, the European Court of Justice said Thursday in a dispute between Denmark's tax authority and a real estate company.

  • November 07, 2024

    Transparency Act Should Exclude Housing Co-Ops, Court Told

    A group of housing cooperatives asked a Michigan federal judge to grant them an exemption from the "dragnet" Corporate Transparency Act, claiming the disclosure requirements will deter members from serving on boards that govern affordable housing developments.

  • November 07, 2024

    G20 Beneficial Ownership Transparency Lacking, Group Says

    While Group of 20 nations are making progress on establishing beneficial ownership registers since committing to doing so a decade ago, a nonprofit dedicated to stopping corruption and promoting transparency said Thursday that there is still work to be done, including in countries that have yet to establish their registers.

  • November 07, 2024

    Gov't Gets Default In $4.9M Son-Of-Boss Case

    A federal judge entered a $4.9 million default against the estate of a Michigan man and his widow after having threatened to dismiss the case, in which the government says the couple avoided taxes by participating in a Son-of-Boss scheme.

  • November 07, 2024

    Aussie Pols Urge Barring PwC From Gov't Work For Now

    An Australian Parliamentary committee said Thursday that PwC should be temporarily barred from taking on government work while investigations into its tax document leak scandal continue, along with other recommendations.

  • November 07, 2024

    Trinidad And Tobago Joins OECD Tax Transparency Treaty

    Trinidad and Tobago formally joined the Organization for Economic Cooperation and Development's global tax transparency agreement on combating tax avoidance and evasion by multinational corporations, the OECD announced Thursday.

  • November 07, 2024

    EU Tax Nominee Says Bloc Could Go It Alone On Digital Tax

    The nominee to serve as the European Union's next tax commissioner said Thursday that the EU should seek its own solution to digital taxation if it can't keep the U.S. on its side following the elections this week.

  • November 07, 2024

    IRS To Hold Hearing On Dual Consolidated Loss Regs

    The Internal Revenue Service plans to hold a public hearing Nov. 22 on proposed regulations that outline when foreign taxes under the Pillar Two international minimum tax agreement could trigger U.S. rules that aim to prevent companies from double-dipping the same economic loss.

  • November 06, 2024

    Finance Committee Helm Awaits Crapo After GOP Wins Senate

    Idaho Republican Mike Crapo is expected to lead the Senate Finance Committee when Congress convenes next year, following President-elect Donald Trump's win Tuesday in the election that also handed Republicans control of the U.S. Senate for the first time since 2021.

  • November 06, 2024

    Portugal Implements Global Min. Tax After EU Pressure

    Portugal officially implemented the global corporate minimum tax spearheaded by the Organization for Economic Cooperation and Development following pressure from the European Union to join the majority of the bloc in doing so.

  • November 06, 2024

    EU Court Won't Toss Commission's Tax Clawback In Portugal

    A European Union court on Wednesday tossed two challenges to a European Commission ruling that Portugal must claw back tax breaks provided to companies with no local economic activity because that ran counter to commission-approved policies.

  • November 06, 2024

    Gov't Urges 11th Circ. To Rethink FBAR Excessive Fine Ruling

    The Eleventh Circuit should reconsider its decision that some of the $12.6 million in penalties the Internal Revenue Service imposed on a man for willfully failing to report his foreign bank accounts violated the Eighth Amendment's bar on excessive fines, the U.S. government said.

  • November 06, 2024

    Hedge Fund Lawyer Defends Signing Off On £1.4B Fraud Docs

    The former top lawyer at a hedge fund accused of defrauding Denmark's tax authority of £1.4 billion ($1.8 billion), who signed off on documents falsely confirming the trades were legitimate, told a London trial he didn't think it "was a big deal at the time."

Expert Analysis

  • Lead Like 'Ted Lasso' By Embracing Cognitive Diversity

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    The Apple TV+ series “Ted Lasso” aptly illustrates how embracing cognitive diversity can be a winning strategy for teams, providing a useful lesson for law firms, which can benefit significantly from fresh, diverse perspectives and collaborative problem-solving, says Paul Manuele at PR Manuele Consulting.

  • Now More Than Ever, Lawyers Must Exhibit Professionalism

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    As society becomes increasingly fractured and workplace incivility is on the rise, attorneys must champion professionalism and lead by example, demonstrating how lawyers can respectfully disagree without being disagreeable, says Edward Casmere at Norton Rose.

  • Reading Between The Lines Of Justices' Moore Ruling

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    The U.S. Supreme Court's recent Moore v. U.S. decision, that the Internal Revenue Code Section 965 did not violate the 16th Amendment, was narrowly tailored to minimally disrupt existing tax regimes, but the justices' various opinions leave the door open to future tax challenges and provide clues for what the battles may look like, say Caroline Ngo and Le Chen at McDermott.

  • A Midyear Forecast: Tailwinds Expected For Atty Hourly Rates

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    Hourly rates for partners, associates and support staff continued to rise in the first half of this year, and this growth shows no signs of slowing for the rest of 2024 and into next year, driven in part by the return of mergers and acquisitions and the widespread adoption of artificial intelligence, says Chuck Chandler at Valeo Partners.

  • States Should Loosen Law Firm Ownership Restrictions

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    Despite growing buzz, normalized nonlawyer ownership of law firms is a distant prospect, so the legal community should focus first on liberalizing state restrictions on attorney and firm purchases of practices, which would bolster succession planning and improve access to justice, says Michael Di Gennaro at The Law Practice Exchange.

  • After Chevron: Uniform Tax Law Interpretation Not Guaranteed

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    The loss of Chevron deference will significantly alter the relationship between the IRS, courts and Congress when it comes to tax law, potentially precipitating more transparent rulemaking, but also provoking greater uncertainty due to variability in judicial interpretation, say Michelle Levin and Carneil Wilson at Dentons.

  • Texas Ethics Opinion Flags Hazards Of Unauthorized Practice

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    The Texas Professional Ethics Committee's recently issued proposed opinion finding that in-house counsel providing legal services to the company's clients constitutes the unauthorized practice of law is a valuable clarification given that a UPL violation — a misdemeanor in most states — carries high stakes, say Hilary Gerzhoy and Julienne Pasichow at HWG.

  • How To Clean Up Your Generative AI-Produced Legal Drafts

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    As law firms increasingly rely on generative artificial intelligence tools to produce legal text, attorneys should be on guard for the overuse of cohesive devices in initial drafts, and consider a few editing pointers to clean up AI’s repetitive and choppy outputs, says Ivy Grey at WordRake.

  • Industry Self-Regulation Will Shine Post-Chevron

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    The U.S. Supreme Court's Loper decision will shape the contours of industry self-regulation in the years to come, providing opportunities for this often-misunderstood practice, says Eric Reicin at BBB National Programs.

  • 3 Ways Agencies Will Keep Making Law After Chevron

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    The U.S. Supreme Court clearly thinks it has done something big in overturning the Chevron precedent that had given deference to agencies' statutory interpretations, but regulated parties have to consider how agencies retain significant power to shape the law and its meaning, say attorneys at K&L Gates.

  • Atty Well-Being Efforts Ignore Root Causes Of The Problem

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    The legal industry is engaged in a critical conversation about lawyers' mental health, but current attorney well-being programs primarily focus on helping lawyers cope with the stress of excessive workloads, instead of examining whether this work culture is even fundamentally compatible with lawyer well-being, says Jonathan Baum at Avenir Guild.

  • Unpacking The Circuit Split Over A Federal Atty Fee Rule

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    Federal circuit courts that have addressed Rule 41(d) of the Federal Rules of Civil Procedure are split as to whether attorney fees are included as part of the costs of a previously dismissed action, so practitioners aiming to recover or avoid fees should tailor arguments to the appropriate court, says Joseph Myles and Lionel Lavenue at Finnegan.

  • After A Brief Hiccup, The 'Rocket Docket' Soars Back To No. 1

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    The Eastern District of Virginia’s precipitous 2022 fall from its storied rocket docket status appears to have been a temporary aberration, as recent statistics reveal that the court is once again back on top as the fastest federal civil trial court in the nation, says Robert Tata at Hunton.

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