International

  • 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.

  • 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.

  • February 11, 2025

    Trump's Tariffs, GOP Tax Goals Pose Political Puzzle

    President Donald Trump's use of wholesale tariffs may generate trillions of dollars across a 10-year budget window, but the economic uncertainty associated with the U.S.'s aggressive trade posture could politically harm Republicans' must-have efforts to shepherd a tax bill into law this year, experts say.

  • February 11, 2025

    £5.5B Tax Evasion Could Be 'Tip Of Iceberg,' Watchdog Warns

    The £5.5 billion ($6.8 billion) annual cost of tax evasion drawn up by HM Revenue and Customs is probably "vastly underestimated" — and the authority has no plan to tackle the gap in the public purse, the government's spending watchdog warned Wednesday.

  • February 11, 2025

    Ill. Bill Would Trim Corp. Carryover Limit's Time Frame

    Illinois would shorten the time frame of a limit on carryover deductions for corporations under the state's income tax law and prohibit the imposition of franchise taxes on domestic or foreign corporations as part of a bill introduced in the state Senate.

  • February 11, 2025

    FBAR Default Vacated To Give Widow Another Chance

    A New York federal court agreed with a magistrate's recommendation to vacate a default judgment against a widow, giving her another chance to defend her husband's estate against the government's $275,000 claim that he failed to report his Indian bank account.

  • February 11, 2025

    UK Looking For Int'l Feedback On Carbon Tax Measure

    The U.K. is establishing an international group in order to get feedback on its upcoming carbon border tax with the hopes of helping the countries that will be most impacted by the measure to better understand it, HM Treasury said Tuesday.

  • February 11, 2025

    EU Leaders Poised For 'Proportionate' Response To US Tariffs

    European Union officials criticized President Donald Trump's decision to impose an across-the-board 25% tariff on all imported steel and aluminum, with European Commission President Ursula von der Leyen on Tuesday signaling "firm and proportionate countermeasures."

  • February 11, 2025

    Commerce Powers Key In Battle Over Corp. Transparency Law

    The question of whether Congress exceeded its powers to regulate commerce by enacting the Corporate Transparency Act is likely to feature in a potential U.S. Supreme Court resolution to around a dozen challenges to the law that are percolating through the courts.

  • February 11, 2025

    Tribunal To Consider If FCA Has Equality Duty In Cum-Ex Row

    The U.K.'s Upper Tribunal will hold a preliminary hearing to decide whether the Financial Conduct Authority has a duty to not discriminate when it fined and banned a cum-ex trader from the industry, according to a tribunal decision published Tuesday.

  • February 11, 2025

    Canadian Tax-Free Rebate Promise Broken, Group Says

    Despite public assertions that the CA$2.5 billion ($1.75 billion) in small business carbon tax rebate payments would be tax-free, a Canadian business group said it has received word from the Canada Revenue Agency that it will be subject to income tax.

  • February 10, 2025

    Pension Execs Found Liable In $2B Danish Tax Fraud Case

    A New York federal jury found Monday by "clear and convincing evidence" that Denmark's tax agency reasonably relied on the false statements made on pension plan applications that were part of a $2.1 billion tax fraud scheme by pension plan executives.

  • February 10, 2025

    UAE Lays Out Exclusions, Transition Period For Minimum Tax

    The United Arab Emirates' Ministry of Finance further explained how it is implementing the Organization for Economic Cooperation and Development's 15% global corporate minimum tax, detailing a number of exclusions and a planned transitional period.

  • February 10, 2025

    Australian Senate OKs Green Energy Production Tax Credits

    The Australian Senate passed tax incentives Monday for hydrogen and critical mineral production as part of an effort to invest in renewable energy technology and reduce carbon emissions.

  • February 10, 2025

    S. Korea Tax Revenue Dips Due To Weak Corp. Earnings

    South Korea collected 336.5 trillion won ($232 billion) in 2024, a 7.5 trillion won dip compared with 2023, the country's revenue agency said Monday, pinning the blame on a year-over-year decline in corporate performance.

  • February 10, 2025

    UK Tax Compliance Costs Cos. £15.4B Annually, Report Says

    The increasingly complex U.K. tax code has led to businesses paying at least £15.4 billion ($19 billion) annually to comply with the system, and that figure is likely an understatement, a British public spending watchdog said Monday.

  • February 10, 2025

    Skadden Adds Designer Of Tax Cut Act's Int'l Provisions In DC

    Skadden Arps Slate Meagher & Flom LLP announced Monday it has hired a tax attorney who helped create some international provisions in the Tax Cuts and Jobs Act of 2017, and who joins the firm as House Republicans signal they'll vote to renew some measures of that bill that are set to expire.

  • February 10, 2025

    Proskauer Hires Tax Pro In Paris From Addleshaw Goddard

    Proskauer Rose LLP added a tax professional in Paris from Addleshaw Goddard LLP who advises private equity funds and multinational groups on mergers and acquisitions.

  • February 10, 2025

    Pillsbury Recruits Former Mayer Brown Tax Pro In NY

    Pillsbury Winthrop Shaw Pittman LLP said it has recruited a former Mayer Brown LLP tax expert to serve as a partner in Pillsbury's New York office.

  • February 10, 2025

    Financier Bids To Resurrect HMRC Bungled Prosecution Claim

    A corporate financier sought permission Monday to challenge a decision to dismiss his claim against HM Revenue and Customs and the Crown Prosecution Service for wrongly prosecuting him, arguing that the judge had failed to properly consider the evidence.

  • February 10, 2025

    Film Executives Ran £13M VAT Fraud, Prosecutors Tell Jury

    Four former managers at a film production company best known for "Avatar" cheated taxpayers out of £13 million ($16.14 million) through a "convoluted" VAT scheme run out of the back garden of a modest home in London, prosecutors told a jury on Monday.

  • February 07, 2025

    Feds Defend Corporate Transparency Act In 5th And 4th Circuits

    The U.S. government defended the Corporate Transparency Act in the Fifth and Fourth Circuits on Friday, urging the former to reverse a Texas federal judge's nationwide injunction on the law and the latter to affirm a Virginia federal judge's rejection of a bid to block the law's enforcement.

  • February 07, 2025

    Tax Take Is Up But Lagging In Developing Nations, OECD Says

    Average tax revenue as a percentage of gross domestic product in developing countries rose to 17.1% from 16.5% between 2015 and 2022 despite the challenges of the COVID-19 pandemic, the Organization for Economic Cooperation and Development said Friday, though difficulties still remain for building up those countries' coffers.

  • February 07, 2025

    Taxation With Representation: Kirkland, Latham, Skadden

    In this week's Taxation With Representation, Triumph Group goes private via Berkshire Partners and Warburg Pincus affiliates, alternative asset manager TPG buys Altus Power, Globus Medical buys Nevro Corp., and Honeywell separates its automation and aerospace technology businesses, resulting in the formation of three distinct companies.

  • February 07, 2025

    Former Top Congressional Investigator Leaves Lasting Legacy

    Elise J. Bean, former chief counsel for the U.S. Senate Permanent Subcommittee on Investigations, is remembered for leading landmark bipartisan congressional probes, which exposed massive tax and financial scandals with findings that helped pave the way for game-changing legislation.

Expert Analysis

  • 5 Litigation Funding Trends To Note In 2025

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    Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.

  • Rethinking Litigation Risk And What It Really Means To Win

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    Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.

  • Small Biz Caught In Corporate Transparency Act Crossfire

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    Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.

  • No, Litigation Funders Are Not 'Fleeing' The District Of Del.

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    A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway.

  • 5 E-Discovery Predictions For 2025 And Beyond

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    In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler.

  • What's Ahead As Transparency Act Comes To A Crossroads

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    Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.

  • 7 Ways 2nd Trump Administration May Affect Partner Hiring

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    President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.

  • E-Discovery Quarterly: Rulings On Custodian Selection

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    Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.

  • Exploring Venue Strategy For Trump-Era Regulatory Litigation

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    Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.

  • An Associate's Guide To Career Development In 2025

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    As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.

  • Making The Pitch To Grow Your Company's Legal Team

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    In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.

  • Tax Court Should Update Framework For Defining Insurance

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    ​​​​​​​The U.S. Tax Court's unnecessary determination in Royalty Management Insurance v. Commissioner that a fraudulent transaction did not contain the hallmarks of a legitimate insurance transaction applies an outdated analysis that threatens the captive insurance sector and illustrates the need for a more modern framework to define true insurance, says Matthew Queen at the Queen Firm.

  • When US Privilege Law Applies To Docs Made Outside The US

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    As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.

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