International
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May 19, 2025
Full Tax Court Sends 'Seriously Delinquent' Debt Case To Trial
The U.S. Tax Court decided Monday for the first time that its review of a challenge to an IRS certification of tax debt as "seriously delinquent" is not limited to the agency's administrative record, saying a trial is needed in a man's case to determine the facts.
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May 19, 2025
Taxpayer Data Increasingly At Risk From DOGE, Court Told
A group of unions and advocacy organizations trying to block the White House's Department of Government Efficiency from accessing confidential taxpayer data told a D.C. federal court they fear the data is already being shared with federal agencies beyond the IRS.
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May 19, 2025
Sweden May Cut Corporate Tax Rate In Response To Tariffs
Sweden's government on Monday proposed to lower its corporate tax rate by 0.6 of a percentage point, to 20%, in response to uncertainty caused by higher tariffs, part of a broader package of tax proposals issued ahead of the country's 2026 autumn budget.
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May 19, 2025
Takeout Owner Gets Suspended Sentence For VAT Tax Dodge
The former owner of a Chinese takeout restaurant in the U.K. received a one-year prison sentence, which was suspended, for fraudulently disposing property after filing for bankruptcy instead of paying his bill of over £43,000 ($57,000) in value-added tax, the U.K.'s Insolvency Service announced Monday.
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May 19, 2025
US Budget Would Hike Taxes On Foreign Firms, Individuals
Foreign firms and individuals from countries with "unfair" fiscal policies such as digital services taxes, diverted profits taxes and the global minimum tax's backstop would pay higher U.S. taxes under the spending bill approved by the House Budget Committee.
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May 19, 2025
CFTC Should Pay $3M Atty Fees After Sanctions, Firm Says
A foreign exchange firm that won dismissal of a U.S. Commodity Futures Exchange Commission case after a New Jersey federal judge sanctioned the agency for bad faith behavior now says the CFTC should have to pay nearly $3 million for failing to own up to its mistake sooner.
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May 19, 2025
Australia Seeks Ideas On Possible Corp. Tax Improvements
Australia is looking for ideas on how to improve its corporate tax regime in hope of reversing a dip in investments into factories, machines and equipment through changes that could encourage foreign investment, an agency said Monday.
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May 19, 2025
HMRC Lays Out Tax Implications For Private Co. Stock Market
Britain's Labour government is set to legislate tax rules for private companies to use a new stock market mechanism as part of its next finance bill, according to a policy update from HM Revenue & Customs.
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May 16, 2025
Harmonized EU Soda Tax Could Be Beneficial, But Difficult
European Union-wide taxes on unhealthy products, in particular sugary drinks, could help both promote public health and generate revenue, but the bloc would need to consider a number of complicating factors, said a study released Friday.
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May 16, 2025
South Africa Rolls Out Online Foreign Royalty Tax Reporting
Those needing to submit withholding tax forms for royalties paid to or for the benefit of a foreign person from a source within South Africa can now do so online, the country's revenue agency said.
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May 16, 2025
Congress Hitting Back After Int'l Tax Talks, US Official Says
The House Ways and Means Committee's tax bill includes retaliatory measures against certain foreign taxes because lawmakers were dissatisfied with international administrative guidance they thought undermined their tax sovereignty, a U.S. Treasury Department official said Friday.
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May 16, 2025
Key House Panel Advances Budget With $3.8T Tax Overhaul
The House Budget Committee voted late Sunday to approve the chamber's budget reconciliation package, including a $3.8 trillion tax bill that would renew and make permanent large parts of the GOP's 2017 tax overhaul law.
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May 16, 2025
The Tax Angle: Year-End Extenders, IRS Direct File
From a look at the possibility of Congress passing a year-end budget and tax extenders bill to efforts to keep the IRS Direct File program afloat, here's a peek into a reporter's notebook on a few of the week's developing tax stories.
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May 16, 2025
Refocus Global Tax Policy On Bilateral Treaties, Attys Say
Global tax policymakers at the OECD and United Nations should return to their original focus of advancing bilateral tax treaties among the countries they cater toward, attorneys said Friday.
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May 16, 2025
Work Agency Loses VAT Deregistration Appeal Over Tax Fraud
An agency worker supply company has lost its latest bid to challenge a decision by the U.K. tax authority to cancel its VAT registration over its alleged links to a tax fraud scheme, as a London appeals court refused its bid on Friday.
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May 16, 2025
China Floats Developing Tax Breaks To Promote Tourism
China is hoping to develop a departure tax refund and expand the coverage of tax-refund shops in a bid to expand tourism and tourist spending as a way to "cope with external shocks," its Ministry of Commerce said Friday.
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May 16, 2025
Tax Dodging By Wealthy Larger Than Thought, UK Body Says
The scale of tax avoidance and evasion by the wealthy could be much greater than the U.K. tax authority previously thought, according to a report by the National Audit Office published Friday.
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May 16, 2025
Taxation With Representation: Blakes, Davies, Goodmans
In this week's Taxation With Representation, Charter Communications Inc. merges with Cox Communications, Hub International Ltd. boosts its valuation after securing an investment, Pan American Silver Corp. acquires Mag Silver Corp. and Robinhood buys WonderFi.
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May 16, 2025
Carbon Taxes Cut Emissions Best In Many Areas, OECD Says
Carbon taxes reduced greenhouse gas emissions from the energy sector, transportation, buildings and agriculture on average more effectively than most other climate policies in a large batch of studies reviewed by the Organization for Economic Cooperation and Development, the group said.
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May 15, 2025
UK To Codify Extensions For Cos. That End VAT Registration
HM Revenue & Customs will have a regulatory basis to grant businesses canceling their value-added tax registration extensions for submitting their final tax return documents under a new measure, codifying a practice it routinely carries out now through administrative concession.
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May 15, 2025
IRS Reopens Comment Period For Offshore Profit Regs
The Internal Revenue Service on Thursday reopened the comment period for proposed rules that would require U.S. multinational companies to create annual shareholder accounts and adhere to new pooling concepts to properly account for previously taxed earnings and profits.
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May 15, 2025
House Tax Bill's Foreign Rules May Finish Off Energy Perks
House Republicans' mammoth tax bill proposes phasing out two popular clean electricity business tax credits, but additional restrictions on eligible development projects' foreign business ties could have the same effect as immediately repealing them.
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May 15, 2025
Pillar Two Costs May Outweigh Revenue, Tax Exec Says
The administrative requirements for complying with an international minimum tax agreement known as Pillar Two could end up costing companies more than any taxes they pay under the global regime, a Microsoft tax executive said Thursday.
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May 15, 2025
House Plans Vote On Budget Bill With Tax Package Next Week
Republican leaders in the House plan to hold a vote next week on the chamber's budget bill that includes the GOP's $3.8 trillion tax package, with the aim of sending the legislation to the Senate before Memorial Day, Ways and Means Committee Chairman Jason Smith said Thursday.
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May 15, 2025
HMRC Fights To Keep £261M In Overseas Dividends Tax Battle
The British High Court was wrong to find BAT Industries PLC could have discovered that its tax payments on foreign dividends were made by mistake, HM Revenue & Customs told an appeals court Thursday, urging it to overturn the ruling.
Expert Analysis
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What NFL Draft Picks Have In Common With Lateral Law Hires
Nearly half of law firm lateral hires leave within a few years — a failure rate that is strikingly similar to the performance of NFL quarterbacks drafted in the first round — in part because evaluators focus too heavily on quantifiable metrics and not enough on a prospect's character traits, says Howard Rosenberg at Baretz+Brunelle.
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Replacing The Stigma Of Menopause With Law Firm Support
A large proportion of the workforce is forced to pull the brakes on their career aspirations because of the taboo surrounding menopause and a lack of consistent support, but law firms can initiate the cultural shift needed by formulating thoughtful workplace policies, says Barbara Hamilton-Bruce at Simmons & Simmons.
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Planning Law Firm Content Calendars: What, When, Where
During the slower month of August, law firms should begin working on their 2025 content calendars, planning out a content creation and distribution framework that aligns with the firm’s objectives and maintains audience engagement throughout the year, says Jessica Kaplan at Legally Penned.
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Law Firms Should Move From Reactive To Proactive Marketing
Most law firm marketing and business development teams operate in silos, leading to an ad hoc, reactive approach, but shifting to a culture of proactive planning — beginning with comprehensive campaigns — can help firms effectively execute their broader business strategy, says Paul Manuele at PR Manuele Consulting.
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The Big Issues A BigLaw Associates' Union Could Address
A BigLaw associates’ union could address a number of issues that have the potential to meaningfully improve working conditions, diversity and attorney well-being — from restructured billable hour requirements to origination credit allocation, return-to-office mandates and more, says Tara Rhoades at The Sanity Plea.
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It's Time For A BigLaw Associates' Union
As BigLaw faces a steady stream of criticism about its employment policies and practices, an associates union could effect real change — and it could start with law students organizing around opposition to recent recruiting trends, says Tara Rhoades at The Sanity Plea.
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How Justices Upended The Administrative Procedure Act
In its recent Loper Bright, Corner Post and Jarkesy decisions, the U.S. Supreme Court fundamentally changed the Administrative Procedure Act in ways that undermine Congress and the executive branch, shift power to the judiciary, curtail public and business input, and create great uncertainty, say Alene Taber and Beth Hummer at Hanson Bridgett.
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Tips For Tax Equity-Tax Credit Transfers That Pass IRS Muster
Although the Internal Revenue Service has increased its scrutiny of complex partnership structures, which must demonstrate their economic substance and business purpose, recent cases and IRS guidance together provide a reliable road map for creating legitimate tax equity structures, say Ian Boccaccio and Michael Messina at Ryan Tax.
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Mirror, Mirror On The Wall, Is My Counterclaim Bound To Fall?
A Pennsylvania federal court’s recent dismissal of the defendants’ counterclaims in Morgan v. Noss should remind attorneys to avoid the temptation to repackage a claim’s facts and law into a mirror-image counterclaim, as this approach will often result in a waste of time and resources, says Matthew Selmasska at Kaufman Dolowich.
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3 Leadership Practices For A More Supportive Firm Culture
Traditional leadership styles frequently amplify the inherent pressures of legal work, but a few simple, time-neutral strategies can strengthen the skills and confidence of employees and foster a more collaborative culture, while supporting individual growth and contribution to organizational goals, says Benjamin Grimes at BKG Leadership.
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E-Discovery Quarterly: Rulings On Hyperlinked Documents
Recent rulings show that counsel should engage in early discussions with clients regarding the potential of hyperlinked documents in electronically stored information, which will allow for more deliberate negotiation of any agreements regarding the scope of discovery, say attorneys at Sidley.
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Loper Bright Limits Federal Agencies' Ability To Alter Course
The U.S. Supreme Court's recent decision to dismantle Chevron deference also effectively overrules its 2005 decision in National Cable & Telecommunications Association v. Brand X, greatly diminishing agencies' ability to change regulatory course from one administration to the next, says Steven Gordon at Holland & Knight.
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After Chevron: Delegation Of Authority And Tax Regulators
The U.S. Department of the Treasury and the Internal Revenue Service will face higher standards following Loper Bright’s finding that courts should determine whether agency rules meet the best possible interpretation of the tax code, as well as the scope of the authority delegated by Congress, says Edward Froelich at McDermott.