International

  • November 13, 2024

    South Africa Considering Adjustments To Carbon Tax Regime

    South Africa's National Treasury is looking for public comments on proposed adjustments to its carbon tax regime, including cutting the basic tax-free threshold for emissions by more than half over the next decade, it said Wednesday.

  • November 13, 2024

    $545K FBAR Fine Is Unconstitutional, Ex-Professor Tells Court

    An 86-year-old former college professor's penalty of $545,000 for failing to report foreign bank accounts is excessive and violates the Eighth Amendment, he told a California federal court.

  • November 13, 2024

    90% Of Taxes Paid Online In 48 Jurisdictions, OECD Says

    About 90% of all taxes in 48 jurisdictions surveyed by the Organization for Economic Cooperation and Development were paid electronically in 2022, an increase of about 10 percentage points from 2018, the organization said Wednesday.

  • November 13, 2024

    UK Court Revives $14M Share Of Tax Case Vs. Booze Shipper

    The British First-tier Tribunal incorrectly dismissed evidence supporting a more than £11.1 million ($14.1 million) penalty assessment against a businessman accused of alcohol smuggling but was correct to dismiss £22.5 million in related assessments for lack of evidence, the U.K.'s Upper Tribunal ruled. 

  • November 13, 2024

    Norwegian Tax Head Named Vice Chair Of OECD Tax Forum

    The director of the Norwegian Tax Administration has been named vice chair of the Organization for Economic Cooperation and Development's Forum on Tax Administration, the Norwegian agency said Wednesday.

  • November 13, 2024

    NZ Lays Out Tax Work Priorities Aimed At Economic Growth

    New Zealand's Inland Revenue Department published overarching priorities Wednesday for the government's work on the country's tax regime in the name of improving the overall economy.

  • November 13, 2024

    Trump, GOP Victories May Imperil OECD Global Tax Plan

    President-elect Donald Trump's and Republicans' victories in the U.S. elections this month call into question whether the OECD's two-pillar global tax plan can be effectively implemented and whether the plan's minimum tax backstop rule can be applied amid threats of retaliatory tax measures by the U.S.

  • November 13, 2024

    UK Tax Hikes Will Drive Inflation, Industry Group Head Says

    The U.K. is set for more price rises in shops as a result of the tax increases in the autumn budget hitting many businesses, the chairman of a retail industry group warned Wednesday.

  • November 12, 2024

    UK Insurance Co. Entitled To Refund Of Dutch Dividend Tax

    A U.K. insurance company is entitled to a refund of taxes levied by the Netherlands on dividends from Dutch companies because the tax restricts the free movement of capital, the Court of Justice of the European Union ruled.

  • November 12, 2024

    Treasury's Energy Tax Perk Regs On Track Despite Trump Win

    The U.S. Treasury Department still plans to finalize remaining clean energy tax credit regulations by the end of this year despite President-elect Donald Trump's campaign promise to unravel the 2022 climate law that enacted them, a Treasury spokesperson told Law360 on Tuesday.

  • November 12, 2024

    Developing Countries Should Raise Property Taxes, IMF Says

    Property tax revenues could be at least 10 times higher in developing countries if their governments used new technologies and made certain system changes, the International Monetary Fund said, though it acknowledged the political difficulties of increasing such tax rates.

  • November 12, 2024

    Treasury To Host Webinar For Beneficial Ownership Info Filing

    The U.S. Treasury Department's Financial Crimes Enforcement Network will host a free webinar Nov. 19 to aid companies that need to file their initial beneficial ownership information under the Corporate Transparency Act by the start of 2025.

  • November 12, 2024

    Squire Patton Boggs Hires Tax Expert In Irish Expansion

    Squire Patton Boggs hired a senior associate from Eversheds Sutherland as part of building a tax strategy practice in Ireland, the firm said.

  • 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.

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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