International
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August 07, 2025
Fuel Tax Decline Hit Australia's Coffers, Budget Report Says
The Australian government's budget is expected to have returned to a deficit this year, in part due to the decarbonization of the transportation industry, which has eroded the fuel excise tax base, according to a government report published Thursday.
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August 07, 2025
German Carmakers Press EU To Secure Tariff Relief Quickly
A German automaker association urged the European Union to finalize its trade deal with the U.S. to relieve the car manufacturing industry of the pressure of tariffs.
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August 07, 2025
Accounting Co. Faces Trial In 1st FTP Tax Evasion Case
Accounting firm Bennett Verby Ltd. faced accusations on Thursday that it had failed to prevent tax evasion alongside six individuals charged with tax evasion and fraud offenses.
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August 07, 2025
Judge Extends Freeze On Assets Of Former EY Exec's Wife
A freezing order against the assets of the wife of EY's former head of tax was maintained on Thursday by a court, following a finding that his transfer of his assets to her was a sham designed to hide them from his creditors.
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August 06, 2025
Gov'ts Seek Wider Taxing Rights Pledge In UN Tax Convention
A wide group of countries advocated Wednesday for a de-emphasis on business activities in favor of targeting economic activities in general as governments debated how to articulate a commitment to a "fair allocation of taxing rights" within the United Nations' global tax convention.
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August 06, 2025
Biz Group Urges EU To Pursue Digital Tax, Limit Min. Tax
The European Union should pursue a blocwide digital services tax as a counterbalance to its trade agreement with the U.S. and should limit the 15% minimum tax to preserve investment, an Italian business group said, calling the trade deal "appalling."
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August 06, 2025
Trump Hits India With 50% Tariff For Russian Oil Purchases
President Donald Trump announced Wednesday that he would increase India's tariff rate to 50% by late August, citing the country's imports of Russian oil.
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August 06, 2025
Troutman Adds Former Fannie Mae Associate GC In DC
The former associate general counsel at the Federal National Mortgage Association, who spent the past decade as a tax partner with Morris Manning & Martin LLP, has joined Troutman Pepper Locke LLP in the nation's capital, the firm announced Wednesday.
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August 06, 2025
Starmer Declines To Rule Out Tax Hikes In UK Budget
U.K. Prime Minister Keir Starmer declined to rule out tax hikes in the autumn budget after a think tank claimed Wednesday that the government will need to raise more tax revenue to meet its fiscal rules and prevent a deficit of £41.2 billion ($55 billion).
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August 06, 2025
G7's Tax Carveout For US Cos. Raises EU State Aid Questions
The Group of Seven nations' deal to exclude U.S. companies from Pillar Two minimum tax rules would give those companies a competitive advantage, experts say, prompting questions about the carveout's compatibility with EU state aid rules and whether a viable path exists to challenge the deal.
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August 06, 2025
3 Key Foreign Entity Issues In Claiming Clean Energy Credits
Stricter foreign supply chain and business ownership rules were tacked onto clean energy tax credits that weren't eliminated under the new budget reconciliation law, raising major compliance hurdles that have practitioners eagerly awaiting implementation rules from the U.S. Treasury Department. Here, Law360 outlines key issues the agencies need to address in coming guidance on restrictions targeting projects linked to foreign entities of concern.
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August 06, 2025
Japan, Ukraine Update Tax Treaty Rates, Avoidance Rule
Japan and Ukraine have updated their tax treaty with lower withholding rates for certain shareholders, an anti-avoidance rule and a new time frame used to determine a tax exemption for short-term visitors, the Japanese tax authority said Wednesday.
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August 05, 2025
EU Looks To Expand Sectors For Emissions Trading State Aid
The European Union is looking to expand sectors that are eligible to receive state aid to compensate for increased costs of operation from complying with the bloc's emissions trading system, as well as updating related benchmarks for electricity consumption efficiency, according to a consultation.
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August 05, 2025
McGuireWoods Adds Loeb & Loeb Tax Pro In Los Angeles
McGuireWoods LLP is enhancing its corporate team, announcing Tuesday it is bringing in a Loeb & Loeb LLP tax expert as a partner in its Los Angeles office in Century City.
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August 05, 2025
Simpson Thacher Adds Tax, Funds Pro From Dechert
Simpson Thacher & Bartlett LLP announced Monday that it has continued its growth in the tax and registered funds spaces, welcoming a partner from Dechert LLP to its New York office.
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August 05, 2025
Gov'ts Aim For Broad Pledges To Form UN Tax Convention
Diplomats broadly agreed Tuesday to draft high-level commitments for the U.N. global tax convention and leave the technical details of how to operationalize those commitments to binding protocols that would supplement the convention.
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August 05, 2025
Swiss President Hustles To DC To Address 39% Tariff
Swiss President Karin Keller-Sutter traveled Tuesday to Washington, D.C., for trade talks with the White House after Switzerland was hit with a 39% tariff on exports to the United States.
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August 05, 2025
Aussie Unions Call For 25% Tax On Millionaires
The Australian government should impose a 25% tax on people earning more than AU$1 million ($647,000) to reduce inequality, alongside other measures targeting big business, according to a coalition of the country's labor unions.
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August 04, 2025
EU Postpones Tariffs To Finalize US Trade Agreement
The European Union will delay planned trade countermeasures for the next six months, including tariffs on over €93 billion ($107.6 billion) of U.S. goods entering the bloc, as the EU and U.S. work toward implementing the framework trade deal agreed to last week, a spokesperson for the European Commission said Monday.
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August 04, 2025
EU Court To Hear Digital Nomad Case Against VAT Rules
A European Union court will hear the case of an online short-term rental company against the bloc's deemed supplier rules for value-added tax on the grounds that the provisions disadvantage the industry, according to a notice issued Monday.
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August 04, 2025
Portugal Pushes Back On EU Tobacco Tax Overhaul
The Portuguese government opposes a European Union proposal to tax alternatives to cigarettes as heavily as actual cigarettes, to raise the overall rate on such products and to redirect revenue from national-level tobacco taxes to fund the bloc's budget, the government said.
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August 04, 2025
Thailand Eyes Tax Credits That Qualify For 15% Minimum Tax
A Thai government commission has approved amendments to introduce refundable tax credits that qualify as income under the 15% global minimum tax system, including for expenditures on research and development, according to a news release by the Thailand Board of Investment.
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August 04, 2025
Pensions Dashboards Could Ease UK Inheritance Tax 'Chaos'
The government could use new online retirement savings portals to ease the expected chaos around introducing inheritance tax on pension wealth, a professional services company said Monday.
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August 01, 2025
New Int'l Tax Rules Heighten Discrimination Worries In States
The new federal tax law's broader tax base for international income could magnify foreign commerce discrimination concerns that are already present in states that conformed to prior iterations of the federal tax code.
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August 01, 2025
ECJ Strikes Down Italy's Tax On Cross-Border Dividends
The Italian government breached the European Union's double-taxation protections for an Italian bank by taxing the bank's cross-border dividends via two separate levies, the EU's top court ruled Friday.
Expert Analysis
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Legal Ethics Considerations For Law Firm Pro Bono Deals
If a law firm enters into a pro bono deal with the Trump administration in exchange for avoiding or removing an executive order, it has an ethical obligation to create a written settlement agreement with specific terms, which would mitigate some potential conflict of interest problems, says Andrew Altschul at Buchanan Angeli.
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10 Arbitrations And A 5th Circ. Ruling Flag Arb. Clause Risks
The ongoing arbitral saga of Sullivan v. Feldman, which has engendered proceedings before 10 different arbitrators in Texas and Louisiana along with last month's Fifth Circuit opinion, showcases both the risks and limitations of arbitration clauses in retainer agreements for resolving attorney-client disputes, says Christopher Blazejewski at Sherin and Lodgen.
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Power To The Paralegals: The Value Of Unified State Licensing
Texas' proposal to become the latest state to license paraprofessional providers of limited legal services could help firms expand their reach and improve access to justice, but consumers, attorneys and allied legal professionals would benefit even more if similar programs across the country become more uniform, says Michael Houlberg at the University of Denver.
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10 Soft Skills Every GC Should Master
As businesses face shifting regulatory and technological uncertainty, general counsel will need to strengthen certain soft skills to succeed, from admitting when they make a mistake to maintaining a healthy dose of dispassion, says Douglas Brown at Manatt.
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An Unrestrained, Bright-Eyed View Of Legal AI's Future
Todd Itami at Covington offers a bright-eyed, laughing-all-the-way, skydive look at what the legal industry could look like after an artificial intelligence revolution, which he believes may happen much sooner and more dramatically than we expect.
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Tracking The Evolution In Litigation Finance
Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.
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E-Discovery Quarterly: The Perils Of Digital Data Protocols
Though stipulated protocols governing the treatment of electronically stored information in litigation are meant to streamline discovery, recent disputes demonstrate that certain missteps in the process can lead to significant inefficiencies, say attorneys at Sidley.
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A Cold War-Era History Lesson On Due Process
The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.
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How BigLaw Executive Orders May Affect Smaller Firms
Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.
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Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Tariffs And FCA Create Perfect Storm For Importers
The Trump administration's aggressive tariff policies pose a high risk to certain importation practices that are particularly likely to trigger False Claims Act enforcement, say attorneys at Jeffer Mangels.
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US Reassessment Of OECD Tax Deal Is Right Move
The wholesale U.S. reevaluation of the Organization for Economic Cooperation and Development's global tax deal ordered by President Donald Trump is a positive step that could ultimately create a more durable international tax system, says Anne Gordon at the National Foreign Trade Council.