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May 13, 2026
Meta Must Share Option Costs Post-Altera, IRS Says
The Ninth Circuit's 2019 ruling against Altera Corp., which upheld rules requiring companies to share the cost of employee stock options with foreign affiliates, means that Meta's income for 2017-18 should be increased by roughly $3 billion, the IRS told the U.S. Tax Court.
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May 13, 2026
Accendra Pays $19M To Settle IRS Transfer Pricing Matter
Accendra Health Inc. paid $19 million to the Internal Revenue Service to conclude tax matters related to international transfer pricing activity between 2015 and 2018, according to a recent earnings call with investors.
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May 13, 2026
Trump 1st-Term Tariff Hikes On China Legal, Feds Tell Justices
President Donald Trump's first administration was well within its legal authority to increase tariffs on Chinese goods under a law utilized to address unfair trading practices, and the U.S. Supreme Court doesn't need to consider a challenge to those measures, the government told the justices.
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May 13, 2026
Tax Court Won't Rethink Nix Of Russian Scientist's Exemption
The U.S. Tax Court won't rethink its decision that the U.S. Department of Energy's payments to a Russian scientist for his subatomic particle research in Virginia don't fall under a tax exemption for grants in the U.S.-Russia tax treaty.
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May 13, 2026
GM Unit's Pricing Shift Doesn't Affect VAT, EU High Court Says
The Portuguese government should not have increased the value-added tax bill for automaker Stellantis, the European Union's top court ruled Wednesday, holding that intercompany transactions between the former General Motors Co. subsidiary and European manufacturers fell outside the VAT's scope.
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May 13, 2026
HMRC Warns Against New Fraud Trend
A growing number of taxpayers are falling for scammers promoting bills of exchange as a means of paying off a tax liability, Britain's tax authority warned Wednesday.
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May 13, 2026
Suspect Arrested In €18M Electronics VAT Fraud Scheme
European prosecutors said Wednesday that German authorities arrested one suspect and carried out a series of raids in an investigation into an alleged €18 million ($21 million) value-added tax carousel fraud involving the cross-border sale of small electronics.
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May 13, 2026
Hungary Issues Guidance On Global Minimum Tax Return Info
Hungary issued guidance Wednesday for companies, covering how to file information returns for the 15% global minimum tax.
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May 12, 2026
9th Circ. Orders New Tax Fraud Trial Over Juror's Racial Bias
An Idaho federal court wrongly denied a man of Mexican descent a new trial after discovering a juror had made racially biased comments about people of Mexican ethnicity during deliberations on whether to convict him of preparing false tax returns, a split Ninth Circuit panel said Tuesday.
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May 12, 2026
Over 8 Million Imports In Line For Over $35B In Tariff Refunds
Over 8.3 million imports are pending tariff refunds after clearing the final system processes developed by Customs and Border Protection, accounting for almost $35.5 billion in duty refunds with interest, according to the latest declaration filed Tuesday by an agency official in the U.S. Court of International Trade.
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May 12, 2026
Fed. Circ. Pauses Trade Court Ruling Blocking Trump Tariffs
The Federal Circuit halted a permanent injunction issued by the U.S. Court of International Trade that was scheduled to take effect on Tuesday, which would have stopped the collection of duties under President Donald Trump's temporary global tariff from two businesses and the state of Washington.
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May 12, 2026
Shell Wins Australia Tax Fight Over $71.6M In Added Taxes
The Australian Taxation Office wrongly assessed AU$98.9 million ($71.6 million) in additional taxes to a Shell plc subsidiary by denying its entitlement to add a premium to its cost basis for a deemed acquisition of shares, the Federal Court of Australia said.
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May 12, 2026
Australia Aims to Curb Property Loss Tax Deductions
The Australian government plans to implement measures aimed at limiting tax deductions in situations where interest expenses tied to rental properties exceed related income, which will raise 3.6 billion Australian dollars ($2.6 billion) over five years, according to a budget released Tuesday.
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May 12, 2026
Farmers Can't Challenge UK Inheritance Tax Relief Cut Plans
Two Cambridgeshire farmers and a campaign group can't challenge the U.K. government's plans to slash inheritance tax relief for farms on the grounds that there should have been a public consultation before the proposals were announced, a London court ruled Tuesday.
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May 12, 2026
EU Readies Legal Action Over Weak Tax Reporting Penalties
The European Union's executive branch may take member countries to court for failing to impose adequately high penalties on those that breach the bloc's rules on tax information sharing, an EU official said Tuesday.
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May 12, 2026
Gov't Clarifies Inheritance Tax Rules On Pension Wealth
The government has issued a statement clarifying how it wants pension wealth to be brought into the scope of inheritance tax next year.
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May 11, 2026
Trump Asks Federal Circuit To Pause Trade Court Tariff Ruling
President Donald Trump on Monday asked the Federal Circuit to block the U.S. Court of International Trade's order last week deeming his temporary global 10% tariffs unlawful, arguing the trade court misinterpreted the legislative history of the Trade Act.
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May 11, 2026
APA Results Should Make Sense Annually, IRS Official Says
Taxpayers seeking advance pricing agreements with the Internal Revenue Service will now be expected to have the results of an agreed-upon transfer pricing method comply with the method on an annual basis rather than only over the multiple years covered by the APA, an IRS official said Monday.
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May 11, 2026
Amgen Late To Raise Double-Taxation Claim, Tax Court Told
Biotechnology giant Amgen is making a "futile" attempt to raise a purported double-taxation issue for tax years 2016 through 2018 in a pair of transfer pricing cases before the U.S. Tax Court, the federal government said, arguing the disputed years fall outside the court's jurisdiction.
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May 11, 2026
Australia Preparing Decisions On Capital Gains Tax Issues
Australia is preparing determinations and guidance on five issues related to capital gains taxation, including when anti-avoidance laws may be applied to multiple deferrals of liabilities and how the tax applies when a cryptocurrency is pegged to another cryptocurrency, the Australian Taxation Office said Monday.
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May 11, 2026
1 In 3 Large UK Companies Faced HMRC VAT Probe
Britain's tax authority investigated one in three large companies on value-added tax matters in financial year 2024-25 as part of efforts to crack down on noncompliance, according to official data.
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May 11, 2026
McKesson Says Loper Bright Sinks IRS Cost-Sharing Rules
Pharmaceutical giant McKesson asked a Texas federal court to strike down cost-sharing transfer pricing regulations that underpin the company's $10 million tax refund bid, arguing the U.S. Supreme Court's Loper Bright ruling forecloses previous deference to rule writers.
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May 09, 2026
IRS Scrutiny Of Immigrant Employment Tax Fraud To Continue
Scrutinizing businesses with potential employment tax fraud issues related to undocumented immigrants will remain among the Internal Revenue Service Criminal Investigation division's top priorities, a senior division executive said Saturday.
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May 09, 2026
Spinoff Letter Rulings Valuable For IRS Too, Agency Atty Says
The Internal Revenue Service has resumed issuing letter rulings on significant issues in tax-free spinoffs, and an IRS attorney on Saturday encouraged companies to use the program, as it provides the agency with valuable information on the transactions.
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May 09, 2026
Admin Cost Of Tax Presence Shouldn't Top Profit, Pros Say
The administrative costs for a company or individual triggering a taxable presence, or permanent establishment, in a jurisdiction shouldn't exceed the profit allocable to the entity, transfer pricing specialists said Friday.
Expert Analysis
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6 Changes I Would Make If I Ran A Law School
Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.
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Firms Still Have The Edge In Lateral Hiring, But Buyer Beware
Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.
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Think Like A Lawyer: 1 Type Of Case Complexity Stands Out
In contrast to some cases that appear complex due to voluminous evidence or esoteric subject matter, a different kind of complexity involves tangled legal and factual questions, each with a range of possible outcomes, which require a “sliding scale” approach instead of syllogistic reasoning, says Luke Andrews at Poole Huffman.
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Think Like A Lawyer: Note 3 Simple Types Of Legal Complexity
Cases can appear complex for several reasons — due to the number of issues, the volume of factual and evidentiary sources, and the sophistication of those sources — but the same basic technique can help lawyers tame their arguments into a simple and persuasive message, says Luke Andrews at Poole Huffman.
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Litigation Inspiration: Reframing Document Review
For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.
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3 Ways To Train Junior Lawyers In 30 Minutes Or Less
Today’s junior lawyers are experiencing a skills gap due to pandemic-era disruptions, but firms can help bring them up to speed by offering high-impact skill building content in bite-sized, interactive training sessions, say Stacey Schwartz at Katten, Diane Costigan at Winston & Strawn and Lauren Tierney at Freshfields.
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The Bar Needs More Clarity On The Discovery Objection Rule
Almost 10 years after Federal Rule of Civil Procedure 34 was amended, attorneys still seem confused about what they should include in objections to discovery requests, and until the rules committee provides additional clarity, practitioners must beware the steep costs of noncompliance, says Tristan Ellis at Shanies Law Office.
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So You Want To Move Your Law Practice To Canada, Eh?
Google searches for how to move to Canada have surged in the wake of the U.S. presidential election, and if you’re an attorney considering a move to the Great White North, you’ll need to understand how the practice of law differs across the border, says David Postel at Henein Hutchison.
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Promoting Diversity In The Selection Of ADR Neutrals
Excerpt from Practical Guidance
Choosing neutrals from diverse backgrounds is an important step in promoting inclusion in the legal profession, and it can enhance the legitimacy and public perception of alternative dispute resolution proceedings, say attorneys at Lowenstein Sandler.
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Striking A Balance Between AI Use And Attorney Well-Being
As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor.
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How Judiciary Can Minimize AI Risks In Secondary Sources
Because courts’ standing orders on generative artificial intelligence and other safeguards do not address the risk of hallucinations in secondary source materials, the judiciary should consider enlisting legal publishers and database hosts to protect against AI-generated inaccuracies, say attorneys at Lankler Siffert & Wohl.
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How Attorneys Can Break Free From Career Enmeshment
Ambitious attorneys can sometimes experience career enmeshment — when your sense of self-worth becomes unhealthily tangled up in your legal vocation — but taking the time to discover and realign with your core personal values can help you recover your identity, says Janna Koretz at Azimuth Psychological.
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Lawyers With Disabilities Are Seeking Equity, Not Pity
Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.