International

  • August 14, 2024

    Other Price Rises Offset German Tampon VAT Cut, Study Says

    Germany's reduction in the value-added tax on female sanitary products, such as tampons, has led to higher prices on panty liners, a Munich-based think tank said in a news release Wednesday.

  • August 13, 2024

    Walz Backed Tax Hikes Funding Plans For Children, Families

    As Minnesota's governor, Democrat Tim Walz, now the presumed vice presidential nominee of his party, separated himself from most other governors by signing into law numerous tax increases funding progressive priorities such as a paid family leave plan and the nation's largest child tax credit.

  • August 13, 2024

    Treasury's Loss Rules Take Broad Approach To Min. Tax Deal

    The U.S. Treasury Department recently dashed the hopes of multinational corporations seeking regulations that would have carved out an international minimum tax agreement from interacting with long-standing domestic rules aimed at preventing companies from using the same economic loss twice.

  • August 13, 2024

    Firm Asks Court To Reconsider $1.5M Freeze In Tax Dispute

    A Baltimore law firm that sued the IRS for freezing $1.5 million in its operating account to satisfy a client's tax debts told a Maryland federal court it was "dead wrong" in denying the firm's request to release the money without going to trial.

  • August 13, 2024

    Developing Countries Defend 3-Year Deadline For UN Tax Pact

    Three years is enough time to finish writing a United Nations framework convention on international tax cooperation, Brazil, India, Nigeria and other developing countries said Tuesday in defense of a proposed timeline that was criticized by Canada, the U.S. and France.

  • August 13, 2024

    Canada Seeking Comments On Global Min. Tax, Capital Gains

    Canada's government is seeking comments from the public on a wide range of tax proposals included in its 2024 budget, including the introduction of the OECD's global minimum tax on large multinational corporations and adjustments to the country's taxation of capital gains, the government announced.

  • August 13, 2024

    HMRC Collected £384M In Soccer Tax Crackdowns, Firm Says

    HM Revenue & Customs has recovered £384 million ($494 million) in taxes through investigations into soccer clubs, players and agents over the past five years, including £67.5 million in the past year alone, a U.K. accounting firm said.

  • August 13, 2024

    Finland Seeking Input On Global Min. Tax Changes

    Finland's Ministry of Finance is seeking input on proposed changes to the country's implementation of the OECD's 15% global minimum tax on large multinational corporations, including clarifications, though it said the changes wouldn't impact the core principles of the law.

  • August 13, 2024

    Int'l Tax Projects Must Seek Consensus, Finance Ministers Say

    Any international tax policy project should focus on consensus-based solutions in order to keep competitive conditions fair, a group of finance ministers from German-speaking countries said Tuesday.

  • August 12, 2024

    US Seeks To Omit Fair Split Of Tax Rights From UN Tax Pact

    The U.S. government proposed on Monday dropping the fair allocation of taxing rights as a principle to guide negotiators on the United Nations framework convention on international tax cooperation, saying that the agenda risks duplication, but the organization's African bloc and others opposed its move.

  • August 12, 2024

    UN Eyes Two Early Changes For Tax Pact In Latest Draft

    Diplomats would draft two legally binding protocols under the United Nations framework convention on international tax cooperation while creating the convention itself under the latest draft guidance for negotiators after they select from a shortlist of possible topics, including the digital economy and wealth taxation.

  • August 12, 2024

    UK Railway Project Forced To Pay £6.2M Tax Bill

    A public agency building a high-speed railway in the U.K. had to pay a £6.2 million ($8 million) tax bill for failing to comply with "off-payroll rules" for the contracted employees it engages, according to the agency's annual report.

  • August 12, 2024

    FedEx Misreads Chevron Ruling In $85M Tax Dispute, US Says

    FedEx wrongly believes the recent U.S. Supreme Court decision overturning the Chevron doctrine precludes the U.S. Treasury Department from promulgating regulations to stop tax cheats and prevent FedEx from claiming $84.6 million in tax credits, the U.S. government told a Tennessee federal court.

  • August 12, 2024

    2 Experts OK'd For Danish Tax Agency In $2.1B Fraud Case

    Two experts will be allowed to testify in support of a suit by Denmark's tax agency accusing U.S. pension plans of participating in a $2.1 billion tax refund fraud scheme, a New York federal district court said, overruling the pension plans' objections.

  • August 12, 2024

    OECD Publishes Transfer Pricing Framework For Lithium

    The Organization for Economic Cooperation and Development published a framework Monday to help multinational corporations price intercompany cross-border transactions involving lithium, including how to identify key economic factors that could influence pricing.

  • August 12, 2024

    Romania Seen Jumping The Gun On EU's Disclosure Law

    Romania's early implementation of the European Union's public tax disclosure law is imposing public reporting on companies without giving them sufficient time to know how data should be shared, tax specialists complained.

  • August 12, 2024

    VAT Fraudster In Austria Sentenced To 15 Months In Prison

    A 55-year-old was convicted of value-added tax fraud while trading in protective masks, Austria's Finance Ministry said in a news release.

  • August 10, 2024

    Kyocera Targets Treasury TCJA Reg, Seeking $7M Tax Refund

    The Treasury Department acted outside its bounds by issuing a regulation changing the effective date of the 2017 tax overhaul, electronics maker Kyocera argued as it urged a South Carolina federal court to void the regulation and approve the company's claim for $7 million tax refund.

  • August 09, 2024

    Partnership Clarity Expected In First Offshore Profits Rules

    Tax attorneys anticipate answers to several questions about how partnerships should properly track, report and attribute foreign income previously taxed in the U.S. when the first round of long-awaited proposed rules is published.

  • August 09, 2024

    IRS Wrongly Penalizes For Unreported Inheritance, Court Told

    The Internal Revenue Service violated the constitutional rights of a California woman when penalizing her $92,000 for failing to report inheriting $350,000 from a parent who had lived in the U.K., the woman told a federal court.

  • August 09, 2024

    Israel Resident Says She Was Never Notified Of $9M Tax Debt

    The daughter of a dead Brooklyn rabbi was a permanent resident of Israel in the early years of this century and never received IRS notices about $9.2 million in taxes and penalties, she told a New York court Friday in arguing that she doesn't owe the money.

  • August 09, 2024

    AI Helped Uncover €185M In Austrian Tax Revenue In 2023

    A special unit in Austria's Ministry of Finance used an artificial intelligence tool to help discover tax fraud cases, generating roughly €185 million ($202 million) in tax revenue in 2023, the ministry said Friday.

  • August 09, 2024

    Bermuda Seeks Comments On Administration Of Minimum Tax

    Bermuda is looking for comments on proposed administrative changes that would accompany its implementation of the OECD's 15% global corporate minimum tax on large multinational entities, including how in-scope businesses will register with the country's new Corporate Income Tax Agency.

  • August 09, 2024

    3 Indicted On Charges Of Leading €93M VAT Fraud Scheme

    Three people suspected of heading a criminal scheme that carried out €93 million ($102 million) in value-added tax fraud involving primarily Apple AirPods have been indicted in Germany, the European Public Prosecutor's Office said Friday.

  • August 09, 2024

    Australia Seeks To Take Pepsi Royalty Tax Fight To Top Court

    The Australian Taxation Office asked the country's top court for permission to appeal a decision that payments between PepsiCo subsidiaries did not qualify for royalty withholding tax or diverted profits tax, according to a news release Friday.

Expert Analysis

  • Requiring Leave To File Amicus Briefs Is A Bad Idea

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    A proposal to amend the Federal Rules of Appellate Procedure that would require parties to get court permission before filing federal amicus briefs would eliminate the long-standing practice of consent filing and thereby make the process less open and democratic, says Lawrence Ebner at the Atlantic Legal Foundation and DRI Center.

  • 4 Ways To Motivate Junior Attorneys To Bring Their Best

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    As Gen Z and younger millennial attorneys increasingly express dissatisfaction with their work and head for the exits, the lawyers who manage them must understand and attend to their needs and priorities to boost engagement and increase retention, says Stacey Schwartz at Katten.

  • Former Minn. Chief Justice Instructs On Writing Better Briefs

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    Former Minnesota Supreme Court Chief Justice Lorie Gildea, now at Greenberg Traurig, offers strategies on writing more effective appellate briefs from her time on the bench.

  • Stay Interviews Are Key To Retaining Legal Talent

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    Even as the economy shifts and layoffs continue, law firms still want to retain their top attorneys, and so-called stay interviews — informal conversations with employees to identify potential issues before they lead to turnover — can be a crucial tool for improving retention and morale, say Tina Cohen Nicol and Kate Reder Sheikh at Major Lindsey.

  • Neb. Justices Should Weigh IRC Terms In Dividend Tax Case

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    Nebraska’s highest court, which will hear oral arguments in Precision CastParts v. Department of Revenue on April 1, should recognize that the Internal Revenue Code provides key clues to defining “dividends received or deemed to be received,” and therefore limits Nebraska’s tax on foreign-sourced corporate income, says Joseph Schmidt at Ryan.

  • Judicial Independence Is Imperative This Election Year

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    As the next election nears, the judges involved in the upcoming trials against former President Donald Trump increasingly face political pressures and threats of violence — revealing the urgent need to safeguard judicial independence and uphold the rule of law, says Benes Aldana at the National Judicial College.

  • Spartan Arbitration Tactics Against Well-Funded Opponents

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    Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.

  • What Recent Study Shows About AI's Promise For Legal Tasks

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    Amid both skepticism and excitement about the promise of generative artificial intelligence in legal contexts, the first randomized controlled trial studying its impact on basic lawyering tasks shows mixed but promising results, and underscores the need for attorneys to proactively engage with AI, says Daniel Schwarcz at University of Minnesota Law School.

  • How FinCEN Proposal Expands RE Transaction Obligations

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    Against a regulatory backdrop foreshadowing anti-money laundering efforts in the real estate sector, the Financial Crimes Enforcement Network's proposed rule significantly expands reporting requirements for certain nonfinanced residential real estate transfers and necessitates careful review, say attorneys at Fried Frank.

  • Litigation Inspiration: A Source Of Untapped Fulfillment

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    As increasing numbers of attorneys struggle with stress and mental health issues, business litigators can find protection against burnout by remembering their important role in society — because fulfillment in one’s work isn’t just reserved for public interest lawyers, say Bennett Rawicki and Peter Bigelow at Hilgers Graben.

  • Unpacking FinCEN's Proposed Real Estate Transaction Rule

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    Phil Jelsma and Ulrick Matsunaga at Crosbie Gliner take a close look at the Financial Crimes Enforcement Network's recently proposed rulemaking — which mandates new disclosures for professionals involved in all-cash real estate deals — and discuss best next steps for the broad range of businesses that could be affected.

  • Think Like A Lawyer: Forget Everything You Know About IRAC

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    The mode of legal reasoning most students learn in law school, often called “Issue, Rule, Application, Conclusion,” or IRAC, erroneously frames analysis as a separate, discrete step, resulting in disorganized briefs and untold obfuscation — but the fix is pretty simple, says Luke Andrews at Poole Huffman.

  • How New EU Tax And Transfer Pricing Rules May Affect M&A

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    Companies involved in mergers and acquisitions may need to adjust fiscal due diligence procedures to ensure they consider potential far-reaching effects of newly implemented transfer pricing measures, such as newly implemented global minimum tax and European Union anti-tax avoidance directives and proposals, says Patrick Tijhuis at BDO.

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