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July 23, 2026
Author Trust Royalties Are Capital, Not Income, UK Court Says
Royalty payments accrued in a family trust for the grandchildren of the author of the "Thomas the Tank Engine" books should be considered capital for trust law purposes instead of income, a London court found, siding with the trustees.
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July 23, 2026
US To Impose Widespread Tariffs As Temporary Duties Expire
Tariffs covering most imports into the U.S. at 10% and 12.5% will take effect Friday as President Donald Trump's temporary global duty expires, the Office of the U.S. Trade Representative announced Thursday.
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July 23, 2026
Kate Hudson Activewear Customer Drops Tariff Refund Claim
A customer of Kate Hudson's activewear business Fabletics has dropped her claim for refunds of global tariffs she alleged the actress's company passed on to customers before the U.S. Supreme Court found them illegal.
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July 23, 2026
Owner Of Dissolved UK Biz Allowed To Fight Capital Gains Tax
A London court declined to toss a taxpayer's challenge to a capital gains tax bill on a £1.6 million ($2.1 million) payout he made before liquidating his company, while dismissing his claims of double taxation and other allegations.
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July 23, 2026
Senate Finance Committee Clears 4 Trump Treasury Picks
The Senate Finance Committee approved President Donald Trump's picks for four top positions at the U.S. Treasury Department in a series of party-line votes Thursday, sending their nominations to the full Senate.
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July 23, 2026
USTR Sets Large Canadian Tariff Quotas For Sugar Products
The U.S. will allocate a large portion of its fiscal 2027 tariff rate quotas for refined sugar products and certain sugar-containing goods to Canada, according to a notice published Wednesday by the office of the U.S. Trade Representative.
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July 23, 2026
Biz Group Urges OECD To Clarify Transfer Pricing Updates
The Organization for Economic Cooperation and Development should clarify aspects of its guidelines for pricing intragroup services across borders, according to the National Foreign Trade Council, which said clearer guidance could reduce inconsistent applications among tax authorities.
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July 23, 2026
Burnham Plans 20% Cut To Property Tax For Pubs, Venues
U.K. Prime Minister Andy Burnham said Thursday that he would cut pubs' and live music venues' business property tax bills by 20% while potentially raising rates for vape shops.
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July 22, 2026
House Panel OKs Limits, Reporting For Tax-Exempt Orgs
The House Ways and Means Committee passed several bills Wednesday that would impose limits and reporting requirements on tax-exempt organizations, including legislation to require those organizations to report the amount of donations they receive from foreign nationals.
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July 22, 2026
Keep Liberty Global's Loss In $2.4B Tax Row, 10th Circ. Told
The Tenth Circuit shouldn't allow telecommunications giant Liberty Global to rehash its defense of "economically meaningless" transactions that formed a tax avoidance strategy producing a $2.4 billion deduction correctly rejected by the IRS, the government said Wednesday.
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July 22, 2026
Feds Ask Wash. Judge To Back Canadian's $700K FBAR Fines
A Canadian man living in the United States should remain on the hook for more than $700,000 in penalties for failing to report foreign bank accounts, the U.S. government told a Washington federal court, arguing he willfully disregarded disclosure requirements.
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July 22, 2026
Trump's Expiring Global Tariff Is Valid, US Tells Fed. Circ.
President Donald Trump's temporary global tariff is lawfully authorized under a statute allowing the executive branch to address serious balance-of-payment deficits, a term that can easily be construed to include the economic conditions referenced in the implementing order, the government told the Federal Circuit.
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July 22, 2026
Irish To Propose €1.5B In Tax Cuts For Workers, Gov't Says
The Irish government will propose €1.5 billion ($1.7 billion) in new tax cuts for workers in its €8.5 billion budget for next year, the country's Department of Finance said Wednesday.
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July 22, 2026
Burnham Keeping Tax Threshold Freeze For Now
British Prime Minister Andy Burnham said Wednesday that he doesn't plan on ending the freeze on income tax thresholds for basic ratepayers, though he left open the possibility of raising the threshold in the future.
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July 22, 2026
US Expatriations In Q2 Up 68.5% From Last Year, IRS Says
The number of people who lost or renounced their U.S. citizenship totaled nearly 1,800 in the second quarter of 2026 as logged by the U.S. Treasury Department, up 68.5% year-over-year and 21.8% from the previous quarter, the IRS said Wednesday.
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July 21, 2026
UK Lawmakers Call For Tax Cut For Hiring Young Workers
The U.K. government should cut payroll tax for employers that hire workers under 25 since more than 1 million young people are unemployed and outside of education or training, a parliamentary committee says in a report.
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July 21, 2026
Amgen To Pay $74M To End Investor Suit Over $10.7B Tax Bill
Pharmaceutical giant Amgen has agreed to pay $74 million to resolve an investor class action alleging it hid a $10.7 billion tax bill from shareholders, according to an agreement filed in New York federal court.
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July 21, 2026
AI Could Raise US Tax Take $216B By 2030, Report Says
Rapid adoption of artificial intelligence could grow U.S. federal tax revenues by up to $216 billion in 2030, yet that figure would be twice as large if income gains weren't skewed toward capital instead of labor, the Yale Budget Lab said.
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July 21, 2026
HMRC Investigating 13 Cos. For Failure To Prevent Tax Fraud
Britain's tax authority is carrying out 13 investigations into companies over allegations that they failed to prevent the facilitation of tax fraud, with dozens more under review after criticism that the tax authority has been too slow to police big businesses, HMRC said Tuesday.
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July 21, 2026
Nintendo Seeks Game Over For Tariff Refund Class Suit
A proposed class action looking to force Nintendo to reimburse customers for increased costs that were explicitly tied to President Donald Trump's now struck-down tariff regime should be handled in arbitration or tossed entirely, the company told a Seattle federal court.
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July 21, 2026
UN Releases Draft Protocols For International Tax Treaty
The United Nations has released draft versions of two protocols under negotiation for the framework convention on international tax cooperation.
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July 21, 2026
Budget Bill's FDII Tax Changes Head To OMB Review
The Office of Management and Budget is reviewing the U.S. Treasury Department's proposed regulations for the 2025 federal budget bill's changes to the tax treatment of domestically held intellectual property, including an anti-abuse rule for related-party transactions.
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July 21, 2026
Burnham Removes Tax On Electric Bills To Ease Living Costs
Electricity bills will be freed from value-added tax to relieve financial pressure on British households and small businesses this winter, Prime Minister Andy Burnham said Tuesday.
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July 20, 2026
Trump Unveils 50% Canada Tariffs Over 'Trade Discrimination'
President Donald Trump Monday unveiled plans for 50% tariffs on a slew of Canadian products, including alcoholic beverages, dairy products and motor vehicles, pointing to "discriminatory treatment of U.S. commerce" and a provision of the Tariff Act that has seldom been used.
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July 20, 2026
DOJ Hints Russian Court Ruling May Not Stop $5B Award
The Trump administration on Monday urged the D.C. Circuit to closely evaluate a Russian court's determination that an underlying arbitration agreement is invalid as it weighs whether to enforce a nearly $5 billion arbitral award against the Kremlin, saying circumstances surrounding the ruling should be a factor.
Expert Analysis
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Associates Can Earn Credibility By Investing In Relationships
As the class of 2025 prepares to join law firms this fall, new associates must adapt to office dynamics and establish credible reputations — which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron.
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Lessons From 7th Circ.'s Deleted Chat Sanctions Ruling
The Seventh Circuit’s recent decision in Pable v. Chicago Transit Authority, affirming the dismissal of an ex-employee’s retaliation claims, highlights the importance of properly handling the preservation of ephemeral messages and clarifies key sanctions issues, says Philip Favro at Favro Law.
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What 2 Profs Noticed As Transactional Law Students Used AI
After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, we came away with numerous observations about the opportunities and challenges such tools present to new transactional lawyers, say professors at Cornell Law School.
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BigLaw Settlements Should Not Spur Ethics Deregulation
A recent Law360 op-ed argued that loosening law firm funding restrictions would make BigLaw firms less inclined to settle with the Trump administration, but deregulating legal financing ethics may well prove to be not merely ineffective, but counterproductive, says Laurel Kilgour at the American Economic Liberties Project.
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5 Ways Lawyers Can Earn Back The Public's Trust
Amid salacious headlines about lawyers behaving badly and recent polls showing the public’s increasingly unfavorable view of attorneys, we must make meaningful changes to our culture to rebuild trust in the legal system, says Carl Taylor at Carl Taylor Law.
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Legal Jeopardy Looms Over Trump's Trade Negotiation Plans
Even as the Trump administration announces one trade deal after another, the legal authority of the executive branch to impose tariffs under consensual arrangements with leading trading partners is just as debatable as the unilateral imposition of U.S. tariffs under the president's executive orders, says Jeffrey Bialos at Eversheds Sutherland.
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What US-India Trade Deal Will Mean For Indian Pharma
Complicated by newly imposed tariffs from the U.S., the outcome of the U.S.-India trade talks is poised to reshape not just trade policy, but also the strategic alignment of the two countries' pharmaceutical ecosystems, says Jashaswi Ghosh at Holon Law Partners.
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Bar Exam Reform Must Expand Beyond A Single Updated Test
Recently released information about the National Conference of Bar Examiners’ new NextGen Uniform Bar Exam highlights why a single test is not ideal for measuring newly licensed lawyers’ competency, demonstrating the need for collaborative development, implementation and reform processes, says Gregory Bordelon at Suffolk University.
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A Simple Way Courts Can Help Attys Avoid AI Hallucinations
As attorneys increasingly rely on generative artificial intelligence for legal research, courts should consider expanding online quality control programs to flag potential hallucinations — permitting counsel to correct mistakes and sparing judges the burden of imposing sanctions, say attorneys at Lankler Siffert & Wohl and Connors.
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The Legal Education Status Quo Is No Longer Tenable
As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.
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6 Questions We Should Ask About The Trump Trade Deals
Whenever the text becomes available, certain questions will help determine whether the Trump administration’s trade deals with U.S. trading partners have been crafted to form durable economic relationships, or ephemeral ties likely to break upon interpretive disagreement or a change in political will, says Ted Posner at Baker Botts.
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E-Discovery Quarterly: Rulings On Relevance Redactions
In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.
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Section 1983 Has Promise After End Of Nationwide Injunctions
After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.