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June 18, 2026
Securitization Cos. Can Duck EU Interest Limits, Adviser Says
Luxembourg correctly exempted securitization companies from the interest limitation rule under the European Union's anti-tax avoidance directive because they are comparable to financial undertakings that are explicitly exempted, an adviser to the European Court of Justice said Thursday.
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June 18, 2026
Meta Says IRS Seeks 'Do-Over' Of Facebook Case
The IRS, in increasing Meta's income under the periodic adjustment rule for years 2017-2019, is seeking a "do-over" of the Facebook case decided in 2025, valuing the same intangibles the U.S. Tax Court already valued under a different method, Meta argued.
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June 18, 2026
Medtronic Ruling Supports IRS In Amgen Case, Tax Court Told
The IRS urged the U.S. Tax Court to back the agency's decision to allocate drugmaker Amgen's profits from the company's Puerto Rican subsidiary, arguing that the Eighth Circuit's ruling in Medtronic's case supports its pricing method.
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June 18, 2026
Indian Court Sides With US Gem Co. In Transfer Pricing Row
A U.S. gem grading organization didn't have a taxable permanent establishment in India, and the government cannot tax royalties that the company refunded to its Indian counterpart, the Bombay High Court said in a judgment.
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June 18, 2026
Karaoke Chain Loses Bid For COVID VAT Refund
A karaoke chain can't claim a value-added tax refund on bookings under a reduced rate for cultural shows and venues during the COVID-19 pandemic, a London tribunal has ruled, because the business's private rooms are exclusive.
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June 18, 2026
Tax Chief Expects Swift EU Agreement On Carbon Levy
The Council of the European Union and the European Parliament are likely to agree on changes to carbon tax legislation within nine months, as their positions are largely aligned, the top civil servant in the European Commission's tax unit said Thursday.
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June 17, 2026
Tractor Supply Wrongly Shifted Income, SC Court Affirms
South Carolina's tax agency did not exceed its authority when it imposed an alternative apportionment method on Tractor Supply Co. after asserting that the company and two affiliates had inappropriately shifted income to reduce state corporate tax liability, an appellate panel affirmed Wednesday.
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June 17, 2026
Tax Court Won't Rethink Basis Ruling Against Partnership
A U.S. Tax Court judge said Wednesday that he won't reconsider his ruling that a company electing to be treated as a disregarded entity and attempting to pay for interest in a partnership with a promissory note from its parent can't claim a basis in the partnership.
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June 17, 2026
Varian Owes $7.2M After Deduction Limited, Tax Court Says
Varian Medical Systems owes more than $7.2 million to the IRS as a result of the U.S. Tax Court limiting its deemed dividends deduction, the court said, accepting an agreement reached between the parties.
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June 17, 2026
Danish Financier Denied Tax Appeal For Missing Deadline
A Danish financier and his company can't appeal a decision over a tax bill of over £866,000 ($1.2 million) despite his claim that they face a 200% tax rate, a London tribunal ruled, saying he had no good reason for missing a previous appeal deadline.
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June 17, 2026
Insurance Co.'s $1.35B Tax Fight Sent To Nova Scotia Court
The Tax Court of Canada declined to hear Canadian revenue authorities' bid to include over CA$1.9 billion ($1.35 billion) worth of shares in a life insurance company's taxable capital, holding that jurisdiction belongs to a Nova Scotia court.
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June 17, 2026
VAT Break For Credit Management Has Limits, EU Court Says
The European Union's value-added tax exemption for managing credit doesn't apply to management services provided by an entity that granted, transferred and continued managing the credit, an EU court said Wednesday in deciding questions for a Finnish bank's tax challenge.
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June 17, 2026
Hong Kong Tightens Bank Rules For Tax Info Exchanges
Hong Kong lawmakers adopted a bill Wednesday to tighten requirements on financial institutions pursuant to the automatic exchange of information between tax authorities, building off suggestions made during a peer review of the jurisdiction's legal framework, the Inland Revenue Department said.
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June 17, 2026
HMRC Wins Top Court Case On Taxation Of Partnership Pay
Britain's top court ruled on Wednesday that deferred pay distributed to individual partners at a foreign exchange trading firm must be taxed as income, giving a win to HM Revenue and Customs in its challenge to the company's remuneration structure.
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June 16, 2026
2nd Circ. Won't Let Man Reverse Tax Plea Over Bad Advice
The Second Circuit issued a summary order Tuesday affirming the conviction of a Connecticut man who pled guilty to tax crimes, disagreeing that allegedly misleading advice from trial attorneys about the immigration implications of his plea warranted his withdrawing it.
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June 16, 2026
Israeli Law Firm Has No Case Against GILTI Regs, Gov't Says
An Israeli law firm cannot challenge IRS regulations implementing the 2017 tax law's global intangible low-taxed income regime largely because any connected compliance burden is borne by its U.S. shareholder, not the firm itself, the government told a D.C. federal court.
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June 16, 2026
Arizonan Owes $1.9M For Unreported Accounts, 9th Circ. Says
An Arizona man is on the hook for $1.9 million in penalties for undisclosed foreign bank accounts, the Ninth Circuit ruled, rejecting his contention that a district court mishandled the process for facilitating the IRS' recalculation of the amount.
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June 16, 2026
KC Defends Gardener Trust Deal In £2M Evasion Trial
A senior barrister accused of cheating the public purse out of almost £2 million ($2.7 million) argued Tuesday that his former gardener perfectly understood that an agreement to be compensated for his services via a trust was not binding.
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June 16, 2026
Revamp Of EU Tax Rules Set To Change Reporting Hallmarks
A shake-up of European Union rules on tax information sharing is set to change criteria that trigger reporting obligations, notably tweaking hallmarks of potentially aggressive tax arrangements, according to draft revisions seen Tuesday by Law360.
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June 16, 2026
EU Parliament Approves Trade Deal With US
European Union lawmakers voted Tuesday to approve legislation implementing the bloc's safeguard-bolstered trade deal with the U.S. founded on a series of tariff cuts, moving one step closer to implementation that is expected before the end of the month.
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June 16, 2026
UK Seeks Input On New Transfer Pricing Reporting Rules
The British government is seeking feedback from businesses and other stakeholders on draft rules for new reporting requirements for international controlled transactions, HM Revenue & Customs said Tuesday.
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June 15, 2026
HMRC Can Levy Exit Tax On Trust's £142M Gains, Court Rules
Britain's tax authority can collect an exit tax charged on over £142 million ($190 million) in gains from a real estate company and on over £330,000 in assets from a family trust, provided that the tax is paid in a five-year installment plan, a London court ruled.
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June 15, 2026
Justices Won't Review Trump's First-Term China Tariff Hikes
The U.S. Supreme Court refused Monday to review a case challenging tariffs that President Donald Trump installed and increased on Chinese goods during his first term.
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June 15, 2026
Dutch Gov't Rejects National Parcel Handling Fee
The Dutch government rejected a request from lawmakers to introduce a national handling fee for parcels and will instead rely on measures at the European Union level.
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June 15, 2026
Disqualified Director Jailed For £3M Fraud, Money Laundering
A company director has been sentenced to four years in prison for diverting more than £3 million ($4 million) through an insolvency fraud and money laundering scheme, the Insolvency Service said.
Expert Analysis
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The Ins And Outs Of Consensual Judicial References
As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.
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The BigLaw Settlements Are About Risk, Not Profit
The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.
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Customs Fraud Enforcement In The Age Of Tariffs
In the wake of the Trump administration’s new approach toward tariffs, two recent Justice Department developments demonstrate aggressive customs fraud enforcement, with the DOJ emphasizing competitive harm to American businesses, and signaling that investigations will likely involve both civil and criminal enforcement tools, say attorneys at Bernstein Litowitz and London & Naor.
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Power To The Paralegals: An Untapped Source For Biz Roles
Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.
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How Trucking Cos. Can Keep Rolling Under Tariff Burdens
Recent Trump administration tariffs present major challenges for the transportation and logistics sector — and, in particular, trucking — but providers who focus on operational efficiency, cost control, customer relationships, creative contract structures and unique offerings will stand out from the competition, say attorneys at Benesch.
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$38M Law Firm Settlement Highlights 'Unworthy Client' Perils
A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies.
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Jurisdictional Issues At Play In 9th Circ.'s FCA Trade Case
A decision by the Ninth Circuit in Island Industries v. Sigma Corp. could result in the U.S. Court of International Trade’s exclusive jurisdiction over trade-related FCA cases, a big shift in the enforcement landscape just as tariffs take center stage in trade policy, say attorneys at Haynes Boone.
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Evolving Federal Rules Pose Further Obstacles To NY LLC Act
Following the Financial Crimes Enforcement Network's recent changes to beneficial ownership information reporting under the federal Corporate Transparency Act — dramatically reducing the number of companies required to make disclosures — the utility of New York's LLC Transparency Act becomes less apparent, say attorneys at Pillsbury.
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Reassessing Corporate Separateness After Explosion Of LLCs
Following the dramatic increase of limited liability companies in the U.S., the Corporate Transparency Act's enactment and the Trump administration's subsequent narrowing of that law, it's worth revisiting the underlying legal principles that govern shell companies in order to remedy the problems that initially motivated the CTA, says Jeff Newton at Omni Bridgeway.
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Crisis Management Lessons From The Parenting Playbook
The parenting skills we use to help our kids through challenges — like rehearsing for stressful situations, modeling confidence and taking time to reset our emotions — can also teach us the fundamentals of leading clients through a corporate crisis, say Deborah Solmor at the Wisconsin Alumni Research Foundation and Cara Peterman at Alston & Bird.
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Adapting To Private Practice: From NY Fed To BigLaw
While the move to private practice brings a learning curve, it also brings chances to learn new skills and grow your network, requiring a clear understanding of how your skills can complement and contribute to a firm's existing practice, and where you can add new value, says Meghann Donahue at Covington.
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Top 3 Litigation Finance Deal-Killers, And How To Avoid Them
Like all transactions, litigation finance deals can sometimes collapse, but understanding the most common reasons for failure, including a lack of trust or a misunderstanding of deal terms, can help both parties avoid problems, say Rebecca Berrebi at Avenue 33 and Boris Ziser at Schulte Roth.
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A 2-Step System For Choosing A Digital Asset Reporting Path
Under the Internal Revenue Service's new digital asset reporting regulation, each type of asset may have three potential reporting destinations, so a detailed testing framework can help to determine the appropriate path, says Keval Sonecha at Sonecha & Amlani.