International
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November 28, 2023
Gentiloni Pushes Head Office Tax Policy To Cut Biz Costs
A head office taxation policy would lower tax compliance costs for small and medium-sized enterprises, European Union tax commissioner Paolo Gentiloni said Tuesday at a conference in Brussels.
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November 28, 2023
Timing May Be Tight For OECD's Crypto Reporting Framework
The 48 jurisdictions including the U.S. that intend to implement the OECD's cryptocurrency information exchange framework by 2027 will have to work quickly to meet that deadline given the time needed to enact domestic legislation and regulations to put the framework in place.
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November 28, 2023
Kenya's Housing Levy In Jeopardy After High Court Ruling
Kenyans will continue paying a controversial 1.5% housing levy assessed on both employees and employers for the next month, but the levy's long-term continuance is in doubt after Kenya's High Court found it unconstitutional Tuesday, according to local reports.
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November 28, 2023
Australia Considering Bill Increasing Small Biz Tax Breaks
A bill being considered in the Australian Parliament would provide tax breaks for small and medium-size businesses by increasing the threshold for instant asset write-offs and introducing an extra deduction for making a business more eco-friendly.
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November 28, 2023
Feds Want No Prison Time For Ex-NY Atty Who Aided Oligarch
The government asked a New York federal judge this week to allow a former real estate attorney, who admitted to participating in a money laundering scheme to help a Russian oligarch evade U.S. sanctions, to receive no prison time, despite the guidelines calling for 37 to 46 months.
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November 28, 2023
Law Firm Leaders Cautiously Optimistic Heading Into 2024
Major U.S. law firms are steadfast in their commitment to the pursuit of further growth despite ongoing economic uncertainty. Here’s what the leaders of four Leaderboard firms have to say about how the legal industry is preparing for next year.
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November 28, 2023
The 2023 Law360 Pulse Leaderboard
Check out the Law360 Pulse Leaderboard to see which first-in-class firms made the list this year.
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November 28, 2023
HMRC Staffer Loses Claim Over Work From Home Request
A tribunal has tossed an HM Revenue and Customs staffer's claim that the tax authority unfairly rejected her bid to work remotely to look after her ill husband because her request focused on the wrong employment protections.
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November 28, 2023
EU Chair Spain Unable To Get Deal On Anti-Shell Law
The country leading meetings of European Union countries until the end of the year won't be able to shepherd through an agreement on a law against shell companies, an EU diplomat confirmed Tuesday.
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November 27, 2023
Amicus Groups Tell High Court To End Chevron Deference
Six groups, including the Ohio Chamber of Commerce and several former state supreme court judges, filed friend-of-the-court briefs on Monday urging the U.S. Supreme Court to overturn a decades-old legal doctrine stating that courts must defer to federal agencies' interpretation of ambiguous laws.
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November 27, 2023
$27M VAT Fraud Scheme Busted Up, EU Prosecuters Say
Dozens of searches, seizures and arrests in November at the request of the European Public Prosecutor's Office have dealt a blow to a sophisticated €25 million ($27.4 million) value-added tax fraud scheme, the office announced.
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November 27, 2023
60% Of Major Nations' Emissions Are Tax-Free, OECD Says
Nearly 60% of greenhouse gas emissions in major economies didn't trigger tax liabilities in 2021, when fuel excise tax rates fell because of inflation and politicians slashing rates in response to high prices at the pump, the OECD said Monday.
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November 27, 2023
South Korea Doubling Tax Break For Tourists, Report Says
South Korea hopes doubling the maximum limit for foreign tourists' purchases that are eligible for an immediate tax refund to 5 million won ($3,850) will entice more visitors, a local media outlet reported Monday.
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November 27, 2023
Norwegian Parliament Considering Global Minimum Tax Law
Norway's parliament is considering a bill implementing the 15% global minimum tax on corporations established by the Organization for Economic Cooperation and Development, the Norwegian government announced.
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November 27, 2023
Switzerland, Tajikistan Amend Treaty To Meet OECD Standards
Switzerland and Tajikistan approved an amendment to their double-taxation treaty to bring it in line with the Organization for Economic Cooperation and Development's base erosion and profit shifting standards, the Swiss government said.
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November 27, 2023
BEFIT Threshold Should Be Lowered, EU Draft Report Says
The revenue threshold that companies would need to reach to fall into the scope of proposed EU rules on corporation taxation should be drastically cut seven years after the law is scheduled to come into place, a European Parliament draft report said.
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November 27, 2023
EU Withholding Measure Is Not On Agenda Of Dec. 8 Meeting
A measure that would simplify the way withholding tax refunds are issued in European Union member countries while also helping national authorities detect fraud won't be discussed at a coming EU finance ministers meeting, a draft agenda showed.
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November 24, 2023
UK's Digital Tax Rollout Will Burden Taxpayers, MPs Warn
HM Revenue and Customs has lost sight of making tax simpler as part of its project to digitalize tax self-assessment, members of a parliamentary committee warned in a report published Friday.
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November 24, 2023
UK Gov't Seeks Powers To Combat Tax Avoidance Schemes
The U.K. government wants to make the unauthorized promotion of tax avoidance schemes a criminal offense under plans to give HM Revenue and Customs new powers to crack down on aggressive practices.
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November 23, 2023
Majority Voting On Tax Dropped From EU Parliament Bill
A passage that would have called for a form of super majority voting on tax in the European Union has been dropped from a proposal calling for changes to EU treaty law, the final text of the bill shows.
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November 22, 2023
Canada Reaffirms Plans To Enact Digital Services Tax Soon
Canada will push forward with its plans to carry out a digital services tax, or DST, by the end of this year, the country's finance minister said in her fall economic statement.
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November 22, 2023
Canada To End Tax Deductions To Rein In Short-Term Rentals
Canada intends to eliminate the ability of operators of some short-term rentals popularized by services such as Airbnb and Vrbo to claim some tax deductions, in an attempt to free up more housing stock, the country's finance minister said in her fall economic statement.
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November 22, 2023
Hungarian Parliament OKs Adopting Global Minimum Tax
Hungary is moving to become the latest country to adopt a 15% corporate global minimum tax as part of a package of tax bills approved by its Legislature.
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November 22, 2023
UN To Begin Drafting Framework For Global Tax Convention
World governments will begin to develop a framework for a global tax convention at the United Nations, where about two-thirds of the member states voted Wednesday in favor of an African-led resolution that was opposed by the European Union and most of the OECD.
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November 22, 2023
Would Ending Chevron Deference Really Make Waves?
Experts say federal agencies and courts have drifted away from relying on Chevron deference in recent years, following the lead of U.S. Supreme Court justices who have criticized it, but the doctrine hasn't been totally abandoned by lower courts — and a closely watched high court case could decide its ultimate fate.
EU Police Arrest Possible Leader Of €85M VAT Fraud Scheme
US Scrambling To Save R&D Credit Under Global Min. Tax
EU Biz Tax Plan Raises Eyebrows For Potential Complexity
EU Police Arrest Possible Leader Of €85M VAT Fraud Scheme
Police have arrested a suspect in an €85 million ($93 million) value-added tax fraud scheme as part of a multicountry investigation, European Union authorities said Monday.
US Scrambling To Save R&D Credit Under Global Min. Tax
U.S. Treasury Department officials seem to be scrambling to salvage taxpayer-favorable treatment for the U.S. research and development tax credit under the global minimum tax system known as Pillar Two, but it's unclear whether that effort will succeed.
EU Biz Tax Plan Raises Eyebrows For Potential Complexity
The European Union's plan to further harmonize tax rules for large corporations adds complexity to an already-burdensome international tax system, specialists say, noting that the proposal comes just ahead of when the global minimum tax is due to take effect.
Featured Stories
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Timing May Be Tight For OECD's Crypto Reporting Framework
The 48 jurisdictions including the U.S. that intend to implement the OECD's cryptocurrency information exchange framework by 2027 will have to work quickly to meet that deadline given the time needed to enact domestic legislation and regulations to put the framework in place.
-
Law Firm Leaders Cautiously Optimistic Heading Into 2024
Major U.S. law firms are steadfast in their commitment to the pursuit of further growth despite ongoing economic uncertainty. Here’s what the leaders of four Leaderboard firms have to say about how the legal industry is preparing for next year.
-
Would Ending Chevron Deference Really Make Waves?
Experts say federal agencies and courts have drifted away from relying on Chevron deference in recent years, following the lead of U.S. Supreme Court justices who have criticized it, but the doctrine hasn't been totally abandoned by lower courts — and a closely watched high court case could decide its ultimate fate.
Expert Analysis
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The Case For Post-Bar Clerk Training Programs At Law Firms
In today's competitive legal hiring market, an intentionally designed training program for law school graduates awaiting bar admission can be an effective way of creating a pipeline of qualified candidates, says Brent Daub at Gilson Daub.
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AI Can Help Lawyers Overcome The Programming Barrier
Legal professionals without programming expertise can use generative artificial intelligence to harness the power of automation and other technology solutions to streamline their work, without the steep learning curve traditionally associated with coding, says George Zalepa at Greenberg Traurig.
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Preparing Law Students For A New, AI-Assisted Legal World
As artificial intelligence rapidly transforms the legal landscape, law schools must integrate technology and curricula that address AI’s innate challenges — from ethics to data security — to help students stay ahead of the curve, say Daniel Garrie at Law & Forensics, Ryan Abbott at JAMS and Karen Silverman at Cantellus Group.
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General Counsel Need Data Literacy To Keep Up With AI
With the rise of accessible and powerful generative artificial intelligence solutions, it is imperative for general counsel to understand the use and application of data for myriad important activities, from evaluating the e-discovery process to monitoring compliance analytics and more, says Colin Levy at Malbek.
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Navigating Discovery Of Generative AI Information
As generative artificial intelligence tools become increasingly ubiquitous, companies must make sure to preserve generative AI data when there is reasonable expectation of litigation, and to include transcripts in litigation hold notices, as they may be relevant to discovery requests, say Nick Peterson and Corey Hauser at Wiley.
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Finding Focus: Strategies For Attorneys With ADHD
Given the prevalence of ADHD among attorneys, it is imperative that the legal community gain a better understanding of how ADHD affects well-being, and that resources and strategies exist for attorneys with this disability to manage their symptoms and achieve success, say Casey Dixon at Dixon Life Coaching and Krista Larson at Stinson.
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Attorneys, Law Schools Must Adapt To New Era Of Evidence
Technological advancements mean more direct evidence is being created than ever before, and attorneys as well as law schools must modify their methods to account for new challenges in how this evidence is collected and used to try cases, says Reuben Guttman at Guttman Buschner.
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1st Tax Easement Convictions Will Likely Embolden DOJ, IRS
After recent convictions in the first criminal tax fraud trial over allegedly abusive syndicated conservation easements, the IRS and U.S. Department of Justice will likely pursue other promoters for similar alleged conspiracies — though one acquittal may help attorneys better evaluate their clients' exposure, say Bill Curtis and Lauren DeSantis-Then at Polsinelli.
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Tips For Litigating Against Pro Se Parties In Complex Disputes
Litigating against self-represented parties in complex cases can pose unique challenges for attorneys, but for the most part, it requires the same skills that are useful in other cases — from documenting everything to understanding one’s ethical duties, says Bryan Ketroser at Alto Litigation.
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Anticipating Intensified Partnership Enforcement From IRS
The Internal Revenue Service's decadeslong difficulties with partnership audits led to the recent announcement of a clear, well-funded, focused initiative, and businesses operating in the partnership form will feel the impact, with definite changes ahead, says Sharon Katz-Pearlman at Greenberg Traurig.
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Pro Bono Work Is Powerful Self-Help For Attorneys
Oct. 22-28 is Pro Bono Week, serving as a useful reminder that offering free legal help to the public can help attorneys expand their legal toolbox, forge community relationships and create human connections, despite the challenges of this kind of work, says Orlando Lopez at Culhane Meadows.
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The Pop Culture Docket: Judge Espinosa On 'Lincoln Lawyer'
The murder trials in Netflix’s “The Lincoln Lawyer” illustrate the stark contrast between the ethical high ground that fosters and maintains the criminal justice system's integrity, and the ethical abyss that can undermine it, with an important reminder for all legal practitioners, say Judge Adam Espinosa and Andrew Howard at the Colorado 2nd Judicial District Court.
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How And Why Your Firm Should Implement Fixed-Fee Billing
Amid rising burnout in the legal industry and client efforts to curtail spending, pivoting to a fixed-fee billing model may improve client-attorney relationships and offer lawyers financial, logistical and stress relief — while still maintaining profit margins, say Kevin Henderson and Eric Pacifici at SMB Law Group.