International
-
October 22, 2026
OECD Says Agencies Should Help Monitor Tax Expenditures
Government departments responsible for policy goals linked to tax expenditures should share in the responsibilities of managing such measures, the OECD said Thursday.
-
October 22, 2026
Treasury Aiming to Float CAMT Rules by Feb., Official Says
The U.S. Treasury Department is still on track to propose revised regulations for the corporate alternative minimum tax by February, a department official said Thursday.
-
October 22, 2026
EU Windfall Tax On Energy Profits Legal, ECJ Adviser Says
A European Union windfall tax introduced in response to the energy crisis following the invasion of Ukraine is consistent with union law, an adviser to the EU's top court said Thursday, finding the measure urgent, temporary and proportionate.
-
October 22, 2026
UK Banks Face 46% Tax Rate, Outpacing Global Finance Hubs
The U.K. financial industry pays £47.8 billion ($63.9 billion) in taxes, with London banks facing a 46% tax rate, higher than financial hubs such as New York and Frankfurt, Germany, according to an industry group report.
-
October 21, 2026
IRS Says Eaton Misportrayed Intercompany Loan Example
Eaton misportrayed the IRS' argument about a regulatory example concerning the relevance of companies' relatedness when analyzing an arm's-length price of a transaction, the agency told the U.S. Tax Court, defending its denial of related-party interest and fee deductions.
-
October 21, 2026
Wyden Questions Big 4 Execs On Int'l Tax Shelter Consulting
The Senate Finance Committee's top Democrat said Wednesday that he was launching an inquiry into whether the Big Four accounting firms — PwC, KPMG, Deloitte and EY — have helped large multinational corporations avoid billions in taxes by creating tax shelters in Malta.
-
October 21, 2026
UK Financial Tax Hike Would Risk Growth, Group Warns
The Labour government risks economic growth by putting higher taxes on banks on the agenda ahead of the autumn budget, the Confederation of British Industry warned Wednesday.
-
October 21, 2026
EU Vows VAT Tool Review As Countries Flag Fraud Risks
Experts leading negotiations at the Council of the European Union pledged that the European Commission would examine potential weaknesses of a value-added tax tool used to streamline import customs in order to unblock talks on its eligibility criteria, three EU officials told Law360 on Wednesday.
-
October 21, 2026
Welsh Gov't Delays Property Tax Revaluation
The Welsh government announced that it is delaying until 2032 the property revaluation for council tax originally planned for April 2028, while the British government is set to go ahead with revaluations for the mansion tax in England.
-
October 21, 2026
ScottishPower's £28M Redress Payments Are Not Deductible
ScottishPower must pay tax on £28 million ($37.5 million) in redress for regulatory failures after Britain's top court ruled on Wednesday that the compensation was similar to a penalty.
-
October 20, 2026
Biz Says 50% Canadian Tariff Is Yet Another Illegal Regime
President Donald Trump's retaliatory 50% tariffs against Canadian goods are the latest in a string of illegal trade actions and should be struck down, just like two previous regimes, according to a lawsuit filed Tuesday at the U.S. Court of International Trade.
-
October 20, 2026
EU Lawmakers Seek Stronger Coordination Against VAT Fraud
The European Parliament wants the European Union to step up coordination against value-added tax carousel fraud, including with binding information-sharing protocols, automatic interagency referrals and making more fraud cases count as EU criminal matters, according to a nonbinding resolution adopted Tuesday.
-
October 20, 2026
Treasury Drops Proposed 'Per Se' Test For Tax-Free Spinoffs
The U.S. Treasury Department on Tuesday scrapped regulations proposed in 2016 that would have used a "per se" test and other bright-line rules to determine whether corporate spinoff transactions qualify for tax-free status.
-
October 20, 2026
UK Chancellor Rejects Capital Gains Tax Hike, Report Says
Chancellor of the Exchequer John Healey has rejected calls from other Labour figures to raise capital gains tax in the U.K.'s upcoming budget, according to a newspaper report, in favor of taxes on banks.
-
October 20, 2026
OECD Updates Min. Return Guidance For Tax Authorities
The OECD on Tuesday released updated guidance for tax authorities regarding the system to exchange taxpayer returns under the 15% global minimum tax, incorporating changes related to the deal to exempt U.S. companies from its international provisions and other technical adjustments.
-
October 20, 2026
Ryanair Cuts Belgian Routes In Response To Aviation Tax Hike
Ryanair has cut 20 routes across Belgium's two biggest airports over the winter because of a scheduled increase in the country's aviation tax, the airline announced Tuesday.
-
October 20, 2026
Reality Show Worker Was Employee, Canada Tax Court Says
A social media manager for a reality TV show was an employee of a production company for tax purposes, even though her employer intended for her to be an independent contractor, the Tax Court of Canada said.
-
October 20, 2026
Gov't Urged To Scrap Premium Tax On Health Insurance
The government should scrap the tax added to health insurance policies as a "practical step" to support employers investing in workplace health and wellbeing, a financial services consultancy said Tuesday.
-
October 19, 2026
How The Midterms Are Likely To Shape Tax Policy
While the outcome of the midterm elections won't change tax policy overnight, the winning party should at the very least have the chance to signal its priorities and work on bipartisan legislation that could become law even in a divided government. Here, Law360 breaks down different tax policy scenarios that could come from the elections.
-
October 19, 2026
Meta Says It Didn't Concede Stock Options Issue In Facebook
Despite IRS arguments to the contrary, Meta Platforms told the U.S. Tax Court that it didn't concede that stock option costs need to be included in cost-sharing agreements between affiliates in a prior case involving its predecessor, Facebook.
-
October 19, 2026
5 Arrested In €114M Smartphone VAT Fraud, EPPO Says
Five people have been arrested by authorities in Cyprus, Germany and Italy in connection with an investigation into a €114 million ($128 million) value-added tax fraud involving smartphones that took place across Europe, the European Public Prosecutor's Office said.
-
October 19, 2026
Ireland Aims To Update Global Min. Tax With Finance Bill
Ireland wants to update rules for the 15% global minimum tax to align with the U.S. exemption, tighten interest deductions and tweak its research and development tax credit, according to a finance bill released Monday.
-
October 19, 2026
HMRC Sets Default Emissions Values For Carbon Tax
The U.K. tax authority published guidance on the default values of products' carbon emissions to help importers calculate their liabilities under the country's upcoming carbon import levy.
-
October 19, 2026
Rajasthan Royals Owner Settles UK Investors' Tax Dispute
Three U.K.-based investors have settled their claim against an owner of India's Rajasthan Royals cricket team who they alleged misled them over the tax consequences of selling their shares and a $300 million valuation purportedly negotiated with a prospective buyer.
-
October 19, 2026
Gov't Must Not Tax Bereaved Families Over Pension Delays
A former U.K. pensions minister has called on the government to ensure that the administrative backlog in civil service pension payouts does not leave the families of deceased civil service pensioners exposed to heavy tax penalties.
Expert Analysis
-
Judges On AI: How Courts Can Survive The Tech Revolution
Colorado Supreme Court Justice Maria Berkenkotter and Colorado Court of Appeals Judge Lino Lipinsky de Orlov discuss how artificial intelligence has already fundamentally altered the legal system and offer tips for courts navigating deepfakes, hallucinations and a gap in access to AI tools.
-
3 AI Adoption Mistakes GCs Should Avoid
The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constraints and the need to evaluate a crowded market of options, sets the stage for implementation mistakes that are often difficult to undo, says former 23andMe general counsel Guy Chayoun.
-
4 Emerging Approaches To AI Protective Order Language
Over the last year, at least five federal district courts have issued or analyzed specific protective order provisions restricting the use of generative artificial intelligence platforms with protected materials, establishing that proactive AI-specific provisions are now standard practice and demonstrating that no single model works for every case, says Joel Bush at Kilpatrick.
-
Heppner Ruling Left AI Privilege Risk For Lawyers Unresolved
While a New York federal judge’s recent ruling in U.S. v. Heppner resolved a privilege question surrounding client-side artificial intelligence use, it did not address how to mitigate the risks that can arise when confidential information enters the operative context of an AI system used by an attorney, says Jianfei Chen at Quarles & Brady.
-
Speed Jigsaw Puzzling Makes Me A Better Lawyer
My passion for speed puzzling — I can complete a 500-piece jigsaw puzzle in under 50 minutes — has sharpened my legal skills in more ways than one, with both disciplines requiring patience, precision and the ability to keep the bigger picture in mind while working through the details, says Tazia Statucki at Proskauer.
-
Documenting Business Purpose After IRS' 10th Circ. Win
Following the Tenth Circuit’s recent Liberty Global v. U.S. decision, which held the economic substance doctrine does not require a threshold relevancy determination, taxpayers can prepare for potential audits by maintaining contemporaneous documentation and taking other steps that demonstrate the business purpose of transactions, say attorneys at Crowell & Moring.
-
2 AI Snafus Show Why Attys Can't Outsource Judgment
The recent incident involving Sullivan & Cromwell where citations in a filed motion were fabricated by artificial intelligence, as well as a punitive ruling from the Sixth Circuit in U.S. v. Farris, demonstrate that the obligation to supervise AI has belonged and always will belong to lawyers, says John Powell at the Kentucky School Boards Association.
-
Improving Well-Being In Law, 10 Years After Landmark Study
An important 2016 study revealed significant substance abuse and mental health issues among lawyers, and while the findings helped normalize the conversation around these topics, a decade later, structural change is still needed, says Denise Robinson at PLI.
-
Hungary CPAC Funding Probe Could Implicate US Entities
A Hungarian anti-corruption investigation into claims that the former prime minister used taxpayer funds to support the Conservative Political Action Conference could include potential cross-border political and financial dimensions that create multiple touchpoints for U.S. regulatory and enforcement interest, say attorneys at Ballard Spahr.
-
Mitigating Multistate Risks As California Expands Tax Reach
Though California's new sourcing rules and extension of the pass-through entity election have created uncertainty, practitioners should file protective returns to respect the law's ambiguity and take certain other steps to protect clients from the costs of losing a future audit, says attorney Delina Yasmeh.
-
E-Discovery Quarterly: Recent Rulings On ESI Control
Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically stored information — with judges divided on whether the standard should turn on a party's legal right or practical ability to obtain the information, say attorneys at Sidley.
-
2 Discovery Rulings Break With Heppner On AI Privilege Issue
While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.
-
CBP's $166B Tariff Refund Portal Needs 4 Safeguards
Before launching its automated web portal to process tariff-refund disbursements on April 20, U.S. Customs and Border Protection should apply the expensive lessons learned from the pandemic-era employee retention credit, says Peter Gariepy at RubinBrown.