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April 30, 2026
Wyden Asks IRS To Probe Lawyers For Puerto Rico Tax Advice
Sen. Ron Wyden, D-Ore., said Thursday that he has asked the IRS to investigate whether two attorneys "inaccurately advised" wealthy individuals that they could avoid taxes on capital gains accrued in the U.S. before becoming residents of Puerto Rico.
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April 30, 2026
Germany's Budget Plan Sets Stage For Income Tax Changes
Germany shared an outline Wednesday for its 2027 budget that includes income tax relief for low and midlevel earners.
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April 29, 2026
Canadian Real Estate Broker Wins Cut To Taxable Income
A real estate broker who represented himself before Canada's Tax Court won a reduction of more than CA$81,000 ($59,000) to his taxable income by challenging the tax authority's characterization of his finances.
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April 29, 2026
Customs Says First Tariff Refunds Will Be Issued In May
Customs and Border Protection expects the first refunds for tariffs paid under the global regime struck down by the U.S. Supreme Court to be issued May 11, according to an order published at the U.S. Court of International Trade.
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April 29, 2026
More UK Businesses Face Crisis Over Taxes, War, Report Says
The number of U.K. businesses near collapse increased by almost 37% with rising taxes ahead of the economic fallout of the Iran war, an insolvency firm warned in a report Wednesday.
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April 29, 2026
Finland Looks To Cut Corporate Tax Rate To 18%
Finland is looking at cutting its corporate tax rate from 20% to 18% and extending loss carryforwards to attract investment amid sluggish economic growth, according to its Ministry of Finance.
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April 29, 2026
EU Takes Hungary To Court Over Retail Tax Regime
The European Union will pursue a case against Hungary in the European Court of Justice over the country's retail tax regime, a framework that the EU deems discriminatory against foreign firms, the bloc announced Wednesday.
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April 28, 2026
Meta Says Tax Court Has Jurisdiction Over Interest Claim
The U.S. Tax Court has jurisdiction over whether Meta is due a refund of interest for 2019 because the company claimed an overpayment for that year along with its challenge to deficiencies assessed in 2017, 2018 and 2019, the social media giant argued.
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April 28, 2026
Australia Wants Online Cos. To Pay News Media Or Be Taxed
Australia has opened a second consultation on a 2.25% digital services tax that would be imposed on large social media companies and search engines if they don't pay Australian news organizations to publish their work.
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April 28, 2026
IRS Wrongly Expanded Accounting Fix Limits, 2nd Circ. Told
The U.S. Tax Court improperly broadened the scope of rules that let the IRS adjust accounting methods when it recast a hedge fund's financial instruments as abusive tax avoidance arrangements, a tax counsel association told the Second Circuit, warning this is overreach that would hurt tax administration.
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April 28, 2026
EU Panel Seeks Fixes For 'Imbalances' From Pillar 2 Carveout
European companies are disadvantaged by the exemption that U.S. multinational corporations get from a 15% global minimum tax known as Pillar Two, according to a European Parliament committee, which called for solutions to correct "structural imbalances" under this dynamic.
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April 28, 2026
Korean Court Cancels $46.6M Of Netflix's Tax Bill, Report Says
Netflix on Tuesday secured the cancellation of 68.7 billion won ($46.6 million) in taxes imposed by the Korean government in a dispute over the characterization of payments to a Dutch subsidiary, in a partial victory at a Seoul court, according to a news report.
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April 28, 2026
US, Croatia Amend Treaty To Align With 2025 Tax Changes
U.S. and Croatian officials signed a protocol amending the income tax treaty between the two countries Tuesday, incorporating changes including those needed to align the agreement with 2025 U.S. tax legislation.
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April 28, 2026
Floridian Waived Jury Rights In $20M FBAR Case, Gov't Says
The U.S. government urged a Florida federal court to uphold a nearly $20 million tax judgment against a dual U.S.-German citizen for undisclosed foreign bank account information, arguing he "slept on his rights" to a jury trial.
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April 28, 2026
HMRC Considers VAT Updates After College Funding Ruling
The U.K. tax authority said it's considering changes to value-added tax rules for funding received by vocational and technical colleges after accepting a ruling that such a school could recover VAT because its funding fell within the scope of the VAT system.
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April 28, 2026
Budget Tax Raid Fears Spurred Pension Withdrawals
Fears over a tax raid on pensions have led to a surge in Britons cashing out of their long-term savings in the run-up to Budget announcements, a consultancy found Tuesday.
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April 27, 2026
Democratic Sen. Presses Retail Giants On Tariff Refund Plans
The top Democrat on the U.S. Senate small business committee sent letters last week to major retailers and shipping carriers asking whether they planned to pass on to consumers tariff refunds they receive.
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April 27, 2026
Certain Biz Tax Breaks Offer Gov'ts Better Value, OECD Says
Governments are more likely to receive value for their money by linking corporate tax incentives to expenditures rather than income, yet income-based tax exemptions remain the most widely used type of incentive across low- to middle-income countries, the OECD said Monday.
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April 27, 2026
Puerto Rican Woman Can't Avoid Filing Taxes, Gov't Says
A Puerto Rican woman to whom the Internal Revenue Service erroneously assigned her employer's tax debt cannot obtain a court order waiving her obligation to file returns, the government told the Puerto Rican federal district court.
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April 27, 2026
Canada Tax Agency Wrong To Let Interest Accrue, Court Says
The Federal Court of Canada upheld a couple's challenge against interest on their tax bill, holding that revenue officials failed to consider the pair's good faith belief that they were donating to a legitimate charity rather than a tax shelter.
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April 27, 2026
UK Industry Group Calls For Countermeasures To US Tariffs
A U.K. industry group urged the country's government to prepare a "trade bazooka," including a package of countermeasures to safeguard the economy from outside shocks such as U.S. tariffs and the economic fallout from the Iran war.
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April 27, 2026
Pension Overtaxation Bill Still At £44M Despite Reforms
The government was forced to refund £44.1 million ($59.7 million) in overcharged tax on pension income in the first three months of the year, a figure that has remained largely unchanged despite reforms last year.
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April 24, 2026
One Certainty As Tariff Refunds Start: 'There Will Be Litigation'
The launch of the refund process for tariffs struck down by the U.S. Supreme Court marks the start of lengthy and multifaceted court battles as companies fight with consumers — and amongst themselves — about who gets a slice of the $166 billion pie, experts told Law360.
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April 24, 2026
Taxation With Representation: Gibson Dunn, Paul Weiss
In this week's Taxation With Representation, Elon Musk's SpaceX strikes a deal with Cursor that could lead to an acquisition of the artificial intelligence startup, building products distributor QXO Inc. buys TopBuild Corp., and Eli Lilly & Co. acquires clinical-stage biotechnology company Kelonia Therapeutics.
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April 24, 2026
Hungary Keeps Freeze On Advertising Tax
Hungary is keeping its advertising tax paused past June 30, the Hungarian government announced, citing efforts to reduce burdens on businesses.
Expert Analysis
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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.
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Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar
Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.
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8th Circ. Decision Shipwrecks IRS On Shoals Of Loper Bright
The Eighth Circuit’s recent decision invalidating transfer pricing regulations in 3M Co. v. Commissioner may be the most significant tax case implementing Loper Bright's rejection of agency deference as a judicial tool in statutory construction, says Edward Froelich at McDermott.