International
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February 14, 2025
Alvarez & Marsal Appoints Tax Leader For Southeast Asia
Alvarez & Marsal has appointed a former PwC senior tax partner as a managing director and head of tax for the Southeast Asia region.
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February 14, 2025
Brown Rudnick Bolsters Firm With Tax Pro From Fieldfisher
Brown Rudnick LLP announced it added a former Fieldfisher partner to work in the firm's London-based litigation and dispute resolution practice as a tax partner.
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February 14, 2025
Tariffs On Drugs And Chips May Not Bring Makers Stateside
The White House's planned tariffs on semiconductors, computer chips and pharmaceuticals are likely to raise prices for consumers and businesses, but won't necessarily lead to the president's stated goal of growing domestic manufacturing, attorneys and others told Law360.
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February 14, 2025
Canadian Owes Taxes On Foreign Earnings, Court Rules
A Canadian must pay taxes and penalties on foreign earnings he didn't report to the country's revenue agency from 1998 to 2013, the Tax Court of Canada said in a decision released Friday, rejecting his claim that he was unaware of his reporting obligations.
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February 14, 2025
Australia Releases Thin Capitalization Test Choice Form
The Australian Taxation Office released a form to be used by multinational entities looking to choose between two of the country's new alternative thin capitalization tests, which generally must be done by the time an entity files its tax return for the income year in question.
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February 14, 2025
India Tax Agency Sends Simplification Bill To Parliament
Proposed simplifications to India's income tax code would lop off more than 250,000 words and eliminate over 280 sections in hopes of improving the clarity of the code, among other benefits, an Indian tax agency said.
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February 14, 2025
Trump Tariff Plan Sparks UK Fears Of Retaliation For VAT
The U.K. could be hit with tariffs as part of U.S. President Donald Trump's plan to impose reciprocal measures on countries that levy value-added taxes on American products, with sectors such as pharmaceuticals under threat, experts in Britain warned.
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February 13, 2025
FedEx Avoids Haircut In $85M Tax Credit Fight
The Internal Revenue Service cannot put a haircut on nearly $85 million in tax credits claimed by FedEx for foreign taxes it paid on overseas earnings because statutory law forbids it, a Tennessee federal court ruled Thursday.
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February 13, 2025
Trump Reciprocal Tariff Plan Could Spur Supply 'Nightmares'
The U.S. will explore imposing reciprocal tariffs that equal rates levied by other countries importing American products, President Donald Trump announced Thursday, a move some experts worry will lead to "compliance nightmares" and COVID-level disruptions to supply chains.
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February 13, 2025
Brazil, Spain Push For Global Wealth Tax Standards
The international community must continue to strive toward establishing standards for the taxation of high-net-worth individuals, building on progress made last year, the leaders of Brazil and Spain said Thursday during a conference in Vatican City.
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February 13, 2025
UK Seeking Comments On E-Invoicing Promotion For Biz
The U.K. government is considering standardizing e-invoicing for business transactions to help with the overall promotion of its adoption, HM Revenue & Customs announced Thursday, saying the potential benefits include greater tax accuracy and closing the tax gap.
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February 13, 2025
DOJ Seeks Sanctions Against Widow In FBAR Fight
A widow defending her husband's estate against a $275,000 claim alleging he didn't disclose his Indian bank account to the Internal Revenue Service should be sanctioned for not complying with court-ordered discovery, the U.S. government told a New York federal court.
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February 13, 2025
UK Can't Tax Irish Resident's £8M In Dividends, Court Says
A woman who moved from England to Ireland does not owe U.K. tax on £8 million ($10 million) in dividends she received through shares transferred by her husband, the Court of Appeal ruled Thursday, finding she qualified for an exemption from a residency test.
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February 13, 2025
Italian Gold Smuggler Evaded $27.6M In Taxes, Swiss Say
Swiss authorities filed charges against an Italian citizen they said led a scheme that smuggled gold into Switzerland from Italy that dodged roughly 25 million Swiss francs ($27.6 million) in taxes.
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February 13, 2025
Drilling Contractor Appeals HMRC Win Over £6.7M Tax Bill
A drilling contractor serving offshore oil and gas rigs took its fight against HM Revenue and Customs to the U.K. Supreme Court on Thursday, arguing the tax office was wrong to restrict the company's tax deductions by £6.7 million ($8.4 million).
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February 12, 2025
Ireland Should Broaden Tax Base, OECD Says
Ireland can shore up its medium-term revenue projections by broadening its tax base, the Organization for Economic Cooperation and Development said Wednesday, saying the country's reliance on taxes from multinational entities opens it up to risk.
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February 12, 2025
EU To Consider 3% Digital Tax, Economic Presence Tax
The European Commission plans to look this year at proposals for a blocwide 3% digital services tax, a significant economic presence tax and a framework for income taxation, according to its program of work, signaling its intent to revive past discussions.
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February 12, 2025
Fenwick Brings On IRS Trial Attorney In Seattle
Fenwick & West LLP has added an attorney from the Internal Revenue Service's Office of Chief Counsel to its Seattle office, the firm announced.
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February 12, 2025
Winthrop & Weinstine Brings In Tax Counsel Duo As Co-Chairs
Minneapolis-based Winthrop & Weinstine PA has added tax attorneys from Kirkland & Ellis LLP and Shartsis Friese LLP to become shareholders of the firm and co-chairs of its tax practice, the firm announced Wednesday.
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February 12, 2025
Aussie Greens Party Proposes 10% Tax On Billionaires
The Australian Greens party has proposed a 10% tax on the wealth of the country's 150 billionaires, with projections that the plan would generate AU$50 billion ($31.4 billion) over the next decade to help fund essential services.
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February 12, 2025
Squire Patton Brings On Polsinelli Tax Ace In Houston
Squire Patton Boggs LLP announced Wednesday that a former Polsinelli PC shareholder has joined the tax strategy and benefits practice group in Houston, an addition that helps the firm address growing client needs.
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February 12, 2025
EU Presses Greece To End Tax-Free Shops' Excise Exemption
Greece must remove its excise duty exemption for tax-free shops at borders with non-European Union countries, which has not been allowed under EU regulations since 2017, the European Commission said Wednesday.
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February 12, 2025
Berger Singerman Adds Carlton Fields Tax Pro In Miami
Florida business law firm Berger Singerman has added a new partner to its business, finance and tax team in Miami from Carlton Fields.
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February 12, 2025
EU Parliament Greenlights Changes To Digital VAT Rules
The European Parliament approved a series of changes to the European Union's plans to reform the value-added tax rules of the economic bloc including fully digitalizing VAT reporting, making it harder to dodge the tax in EU jurisdictions, according to a statement Wednesday.
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February 12, 2025
HMRC Can't Tax Canadian Bank For Oil Loan Payments
The U.K. Supreme Court ruled Wednesday that HM Revenue and Customs cannot tax loan payments made to Royal Bank of Canada connected to oil rights in the North Sea because the underlying agreement did not give an oil company the right to work the oilfield.
Expert Analysis
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To Make Your Legal Writing Clear, Emulate A Master Chef
To deliver clear and effective written advocacy, lawyers should follow the model of a fine dining chef — seasoning a foundation of pure facts with punchy descriptors, spicing it up with analogies, refining the recipe and trimming the fat — thus catering to a sophisticated audience of decision-makers, says Reuben Guttman at Guttman Buschner.
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Circuit Judge Writes An Opinion, AI Helps: What Now?
Last week's Eleventh Circuit opinion in Snell v. United Specialty Insurance, notable for a concurrence outlining the use of artificial intelligence to evaluate a term's common meaning, is hopefully the first step toward developing a coherent basis for the judiciary's generative AI use, says David Zaslowsky at Baker McKenzie.
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Trauma-Informed Legal Approaches For Pro Bono Attorneys
As National Trauma Awareness Month ends, pro bono attorneys should nevertheless continue to acknowledge the mental and physical effects of trauma, allowing them to better represent clients, and protect themselves from compassion fatigue and burnout, say Katherine Cronin at Stinson and Katharine Manning at Blackbird.
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How Attys Can Avoid Pitfalls When Withdrawing From A Case
The Trump campaign's recent scuffle over its bid to replace its counsel in a pregnancy retaliation suit offers a chance to remind attorneys that many troubles inherent in withdrawing from a case can be mitigated or entirely avoided by communicating with clients openly and frequently, says Christopher Konneker at Orsinger Nelson.
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Using A Children's Book Approach In Firm Marketing Content
From “The Giving Tree” to “Where the Wild Things Are,” most children’s books are easy to remember because they use simple words and numbers to tell stories with a human impact — a formula law firms should emulate in their marketing content to stay front of mind for potential clients, says Seema Desai Maglio at The Found Word.
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New Crypto Reporting Will Require Rigorous Recordkeeping
The release of a form for reporting digital asset transactions is a pivotal moment in the Internal Revenue Service's efforts to track cryptocurrency activities that increases oversight by requiring brokers to report investor sales and exchanges, say Shaina Kamen and Max Angel at Holland & Knight.
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Exploring An Alternative Model Of Litigation Finance
A new model of litigation finance, most aptly described as insurance-backed litigation funding, differs from traditional funding in two key ways, and the process of securing it involves three primary steps, say Bob Koneck, Christopher Le Neve Foster and Richard Butters at Atlantic Global Risk LLC.
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A Vision For Economic Clerkships In The Legal System
As courts handle increasingly complex damages analyses involving vast amounts of data, an economic clerkship program — integrating early-career economists into the judicial system — could improve legal outcomes and provide essential training to clerks, say Mona Birjandi at Data for Decisions and Matt Farber at Secretariat.
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A Look At New IRS Rules For Domestically Controlled REITs
The Internal Revenue Services' finalized Treasury Regulations addressing whether real estate investment trusts qualify as domestically controlled adopt the basic structure of previous proposals, but certain new and modified rules may mitigate the regulations' impact, say attorneys at Simpson Thacher.
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E-Discovery Quarterly: Recent Rulings On Text Message Data
Electronically stored information on cellphones, and in particular text messages, can present unique litigation challenges, and recent court decisions demonstrate that counsel must carefully balance what data should be preserved, collected, reviewed and produced, say attorneys at Sidley.
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Don't Use The Same Template For Every Client Alert
As the old marketing adage goes, consistency is key, but law firm style guides need consistency that contemplates variety when it comes to client alert formats, allowing attorneys to tailor alerts to best fit the audience and subject matter, says Jessica Kaplan at Legally Penned.
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Think Like A Lawyer: Follow The Iron Rule Of Trial Logic
Many diligent and eager attorneys include every good fact, point and rule in their trial narratives — spurred by the gnawing fear they’ll be second-guessed for leaving something out — but this approach ignores a fundamental principle of successful trial lawyering, says Luke Andrews at Poole Huffman.
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The Art Of Asking: Leveraging Your Contacts For Referrals
Though attorneys may hesitate to ask for referral recommendations to generate new business, research shows that people want to help others they know, like and trust, so consider who in your network you should approach and how to make the ask, says Rebecca Hnatowski at Edwards Advisory.