International
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August 27, 2026
Canadian Charity Loses Bid For Dividend Tax Refund From US
A Canadian charity cannot receive a tax refund from the Internal Revenue Service for U.S.-sourced dividend income from a unit trust because the U.S.-Canada tax treaty doesn't grant Canadian unit trusts that benefit, the United States Court of Federal Claims ruled.
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August 27, 2026
HMRC Says 240 People Had Crypto Gains Over £1M Last Year
Two hundred and forty people reported capital gains from cryptocurrency that exceeded £1 million ($1.36 million) in the 2024-2025 tax year, collectively making about £717 million, HM Revenue & Customs said Thursday in its first dissemination of capital gains tax data specific to cryptocurrencies.
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August 27, 2026
Claims Court Halts BMW's $38M Tax Bid Over COVID Tolling
The U.S. Court of Federal Claims paused reviewing luxury automaker BMW's $38.4 million tax refund suit until an appeals court issues a decision in a similar case over the tolling of a COVID-19-era filing deadline.
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August 27, 2026
States Push EU Budget Cuts As Spending, Tax Talks Ramp Up
Six European Union countries called Thursday for the bloc's long-term budget draft to be cut by several hundred billion euros from the €2 trillion ($2.33 trillion) proposed by the European Commission.
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August 27, 2026
UN Cross-Border Tax Draft Risks Double Taxation, NFTC Says
A proposed cross-border services tax framework from the United Nations could lead to double taxation due to its wide-ranging scope and broad sourcing rules, the National Foreign Trade Council said.
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August 27, 2026
Tax Pro Avoids Jail For Role In 'Singapore Solution' Fraud
A New York federal judge on Thursday allowed an English national to avoid prison for facilitating a $60 million tax evasion scheme, after he admitted helping wealthy clients move money from a Swiss bank through his Hong Kong financial services business.
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August 27, 2026
Report Urges EU Tax Alignment Alongside Avoidance Rules
The European Union should harmonize corporate tax across its member states as anti-avoidance rules have made investment more sensitive to national differences, a think tank said Thursday.
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August 26, 2026
OECD Says Peru Should Broaden Tax Base, Revise Breaks
Peru should expand its tax base to more businesses and workers, revise tax expenditures like reduced rates, apply levies to capital income at slightly higher rates and cut tax allowances for labor income to improve its underperforming tax system, the OECD said in a report.
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August 26, 2026
Tax Breaks Cost Ireland €9.8B, Report Says
The Irish government has forgone approximately €9.8 billion ($11.4 billion) in revenue in 2025 due to several tax breaks, including measures tied to personal and corporate income, the country's finance department said in a report Wednesday.
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August 26, 2026
Next Phase Of IEEPA Refund System 'Temporarily Delayed'
U.S. Customs and Border Protection has "temporarily delayed" the rollout of the next portion of its system for refunds of the struck-down global tariff regime while it makes sure the system doesn't incorrectly affect other paid duties, it told the U.S. Court of International Trade.
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August 26, 2026
Think Tank Urges UK Gov't To Tax Wealthy Pensioners
The U.K. government should shift the tax burden from younger workers toward wealth, property and passive gains, a progressive think tank said Wednesday.
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August 26, 2026
EPPO Orders Arrests In €20M AirPods VAT Fraud Scheme
The European Public Prosecutor's Office said Wednesday that five people have been arrested in Czechia on suspicion of being part of a €20 million ($23.3 million) value-added tax fraud ring involving Apple AirPod wireless earbuds.
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August 25, 2026
Albania Looks To Toss Judgment Enforcing $13M Award
Albania's state-owned oil company is urging a D.C. federal court to dismiss a default judgment enforcing a roughly $13 million arbitral award now owed to litigation funder Omni Bridgeway, saying the judgment was obtained after the litigation funder "erroneously" stated that service had been completed.
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August 25, 2026
Tribunal Lets UK Tax Offshore Developer, Avoid £1B Refunds
The U.K. can levy £5.4 million ($7.4 million) in taxes on an Isle of Man developer's profits from selling land in Kent, the Upper Tribunal said Tuesday in a case that could allow HM Revenue & Customs to avoid issuing more than £1 billion in refunds.
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August 25, 2026
HMRC Wins Pause In Ex-Construction Boss' £1.7M Tax Fight
HM Revenue & Customs can pause a case challenging its accusations that the former director of several construction companies owes almost £1.7 million ($2.3 million) in taxes while an appellate court decides underlying issues, the First-tier Tribunal said in a decision.
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August 25, 2026
Treasury Floats Foreign Income Rules After Budget Bill
The U.S. Treasury Department proposed regulations Tuesday that would address the 2025 federal budget bill's changes to how U.S. corporations account for the earnings of their offshore affiliates when calculating their taxable income.
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August 25, 2026
Romania Transfer Pricing Dispute Sent To Top EU Court
A Romanian court of appeal has asked the European Court of Justice to determine whether a national law requiring tax authorities to adjust transfer prices to the median value used by similar independent companies is in line with European Union law.
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August 25, 2026
France May Extend Biz Tax To Relieve Economy, Minister Says
France's tax on large companies, originally intended as a temporary measure, could be extended into 2027 to ease economic pressures, the country's finance minister said.
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August 25, 2026
Canada To Hit US With Retaliatory Tariffs, 'Dollar For Dollar'
The Canadian government struck back on Tuesday at the latest round of U.S. tariffs, announcing tariffs of its own of up to 50% on more than 800 categories of products worth CA$27.6 billion ($20 billion) that will come into force on Sept. 8.
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August 25, 2026
Director Behind £19M Fraud Hit With Forgery Contempt Claims
The liquidators of a payroll services business persuaded a court on Tuesday to allow them to bring fresh contempt allegations against the company's former director, who allegedly used a forged medical report in order to adjourn an earlier contempt hearing.
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August 24, 2026
Microsoft Says Consumer Must Arbitrate Tariff Refund Claims
Microsoft urged a Washington federal judge Friday to force arbitration of an Xbox buyer's proposed class action alleging the company seeks to pocket tariff refunds meant for customers — or toss the case entirely — contending console prices change over time "for a variety of reasons having nothing to do with tariffs."
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August 24, 2026
Reporting Prediction Market Wins A Safe Bet Amid IRS Silence
The IRS has yet to clarify how it will treat money people pocket from trading event contracts on prediction market platforms, but specialists urge against taking the agency's silence as an excuse to omit wins and losses from returns.
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August 24, 2026
Trump Threatens 50% Tariffs On Canadian Vehicles, Steel
President Donald Trump on Monday escalated his trade war against Canada, saying he would implement 50% tariffs on vehicles and steel from the country in January, after a 50% levy took effect over the weekend on other goods imported from Canada.
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August 24, 2026
Slovakia's PM Aims To Abolish Financial Transaction Tax
Slovakian Prime Minister Robert Fico has asked his cabinet to prepare legislation to repeal the country's atypical financial transaction tax, which has faced "massive criticism" since its introduction, he said Monday on social media.
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August 24, 2026
Biz Lobby Urges OECD To Cut Platform Reporting's Threshold
The OECD's model rules for platforms to report information to tax authorities shouldn't have a transaction-based threshold that excludes some sellers from platforms' reporting requirements, the official lobby for businesses at the organization said in response to a consultation.
Expert Analysis
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How OECD Tax Update Tackles Mobile Workforce Complexity
The Organization for Economic Cooperation and Development’s recently updated model tax convention — a recalibration of international tax principles in response to an increasingly mobile workforce — should prompt companies to reevaluate cross-border operations, transfer pricing policies and tax controversy strategies, say attorneys at Eversheds.
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A Uniform Federal Rule Would Curb Gen AI Missteps In Court
To address the patchwork of courts’ standing orders on generative artificial intelligence, curbing abuses and relieving the burden on judges, the federal judiciary should consider amending its civil procedure rules to require litigants to certify they’ve reviewed legal filings for accuracy, say attorneys at Shook Hardy.
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Supreme Court Term Limits Would Carry Hidden Risk
While proposals for limiting the terms of U.S. Supreme Court justices are popular, a steady stream of relatively young, highly marketable ex-justices with unique knowledge and influence entering the marketplace of law and politics could create new problems, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.
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Tariffs And Trade Volatility Drove 2025 Bankruptcy Wave
The Trump administration's tariff regime has reshaped the commercial restructuring landscape this year, with an increased number of bankruptcy filings showing how tariffs are influencing first‑day narratives, debtor-in-possession terms and case strategies, say attorneys at Thompson Hine.
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AI Evidence Rule Tweaks Encourage Judicial Guardrails
Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.
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The Law Firm Merger Diaries: Getting The Message Across
Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.
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Horizontal Stare Decisis Should Not Be Casually Discarded
Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.
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10 Commandments For Agentic AI Tools In The Legal Industry
Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.
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The Law Firm Merger Diaries: How To Build On Cultural Fit
Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.
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Rare Tariff Authority May Boost US Battery Manufacturing
Finalizing preliminary tariffs on active anode material from China — the result of a rare exercise of statutory authority finding that foreign dumping hampered the development of a nascent U.S. industry — should help domestic battery manufacturing, but potential price increases could discourage related clean-energy use, say attorneys at MoloLamken.
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Considerations When Invoking The Common-Interest Privilege
To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.
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The Law Firm Merger Diaries: Making The Case To Combine
When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.
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What To Watch As NY LLC Transparency Act Is Stuck In Limbo
Just about a month before it's set to take effect, the status of the New York LLC Transparency Act remains murky because of a pending amendment and the lack of recent regulatory attention in New York, but business owners should at least prepare for the possibility of having to comply, says Jonathan Wilson at Buchalter.