International
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March 07, 2025
Mauritius Government Lawyer Joins CMS Affiliate
CMS said an attorney with more than a decade of experience as a Mauritius government lawyer has joined CMS Prism, the firm's Mauritian affiliate.
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March 07, 2025
NFTC Supports Broader, Elective Adoption Of Amount B
The U.S.' proposed adoption of the OECD's approach to pricing certain cross-border transactions, known as Amount B, should go beyond just marketing and distribution activities, the National Foreign Trade Council said Friday, suggesting it be extended to services and other baseline activities.
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March 07, 2025
Calif. Man Must Pay $230K In FBAR Penalties After Default
A federal court ordered a Californian accused of withholding reports of his Swiss bank accounts from the Internal Revenue Service to pay more than $230,000 after awarding the U.S. government a default judgment.
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March 07, 2025
Peru Broke Trade Deal, Scotiabank Tells Arbitrators
Scotiabank asked the World Bank's international arbitration institution to consider a new argument in a value-added tax dispute with the Peruvian government, saying Peru's treatment of the bank violated a trade agreement with Canada.
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March 07, 2025
Taxation With Representation: Kirkland, Wachtell, Skadden
In this week's Taxation With Representation, Walgreens Boots Alliance goes private via a deal with Sycamore Partners, Honeywell buys Sundyne from Warburg Pincus, and Jazz Pharmaceuticals acquires Chimerix.
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March 07, 2025
Four Men Imprisoned For 43 Yrs For Money Laundering Plot
Four men involved in a plot to launder £266 million ($343 million) in criminal cash were on Friday sentenced to a total of more than 43 years in prison, in one of the biggest cases of its kind ever prosecuted in England.
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March 07, 2025
2 Arrested In €64M VAT Fraud Involving VoIP In Italy
Italian authorities arrested two people in connection with a €64 million ($69 million) value-added tax fraud scheme involving services that let users make phone calls via the internet, the European Public Prosecutor's Office said Friday.
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March 07, 2025
Switzerland Opens FATCA Consultation
The Swiss government is holding a consultation on the details of a new, reciprocal agreement for exchanging financial data with the U.S. under the Foreign Account Tax Compliance Act, according to a statement Friday.
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March 06, 2025
€130B In Added Revenue ID'd By OECD Info Exchanges
International implementation of the Organization for Economic Cooperation and Development's exchange of information programs identified €130 billion ($140 billion) in additional tax revenue from 2009 through 2023, with roughly a third of that added revenue — €45 billion — identified by developing nations, the OECD said Thursday.
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March 06, 2025
Mining Co. Seeks Arbitration Of $7B Dispute With Venezuela
The subsidiary of a Bermuda-based mining company asked an international arbitration institution to settle a dispute in excess of $7 billion against the Venezuelan government, saying its actions damaged the company's investments in a mining project.
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March 06, 2025
Trump Gives Mexico A Break Until April From New Tariffs
President Donald Trump announced Thursday an almost monthlong exemption for most Mexican imports to tariffs he had placed on the country over drug trafficking concerns, as Mexico President Claudia Sheinbaum pointed to data showing border seizures of fentanyl dropped 70% since she took office.
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March 06, 2025
Bank Of England Official Warns Of US Tariff Threat
U.S. tariffs and related trade tensions could pose "substantial" risks to the U.K. and world economies, Bank of England Governor Andrew Bailey told British lawmakers.
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March 06, 2025
Trump's Value-Added Tax Focus In Tariff Plan Stirs Angst
President Donald Trump's call to target value-added taxes in his reciprocal tariff plan could distort global supply chains and create additional burdens for U.S. companies, contrary to his stated goals of lowering prices for consumers and boosting business, experts told Law360.
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March 06, 2025
HMRC Shuttering Its Online Biz Tax Filing Service In 2026
Companies that use HM Revenue & Customs' online service to file their accounts and tax returns will need to use commercial software starting in 2026, the U.K. agency announced Thursday, saying the service didn't meet modern digital standards.
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March 06, 2025
Fried Frank Hires White & Case Partner For NY Office
Fried Frank Harris Shriver & Jacobson LLP announced it appointed a longtime White & Case LLP partner to serve as senior counsel in the firm's mergers and acquisitions and private equity practices.
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March 05, 2025
Nixon Peabody Hires Former Sheppard Mullin Partner In NY
Nixon Peabody LLP said Wednesday that a former Sheppard Mullin Richter & Hampton LLP partner has joined the New York office as a partner on the firm's nonprofit organizations team.
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March 05, 2025
€54M VAT Fraud Scheme Leads To Another Indictment
The European Public Prosecutor's Office indicted a suspect believed to have carried out €6 million ($6.5 million) worth of value-added tax fraud involving the international trade of used cars, saying he is connected to a larger ring that has caused an estimated €54 million in losses.
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March 05, 2025
UK Planning To Replace Energy Windfall Tax In 2030
The U.K. will phase out the energy profits levy, known as the energy windfall tax, in 2030, but the government plans to replace it with a new permanent tax regime for North Sea oil and gas, according to a statement Wednesday.
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March 05, 2025
Trump Delays Mexico, Canada Tariffs On Autos For A Month
President Donald Trump announced Wednesday that auto vehicles and parts imported from Canada and Mexico will get a one-month reprieve from the 25% tariffs he instituted earlier this week, according to a statement read by White House Press Secretary Karoline Leavitt.
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March 05, 2025
How Eversheds Sutherland Drew 12-Atty Tax Team In Atlanta
New Eversheds Sutherland partner Hale E. Sheppard joined Law360 Pulse to discuss how he helped lead a team of 12 tax controversy attorneys to join the firm in Atlanta from Chamberlain Hrdlicka White Williams & Aughtry PC.
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March 05, 2025
IRS Adds 4 Countries To Time Requirement Waiver List
The Internal Revenue Service added Ukraine, Iraq, Haiti, and Bangladesh to the list of countries for tax year 2024 where minimum time requirements for individuals electing to exclude their foreign earned income are waived.
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March 05, 2025
IRS Updates Foreign Housing Expense Limits For 2025
The Internal Revenue Service released adjustments to the limitation on foreign housing expense deductions and exclusions for 2025 on Wednesday.
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March 04, 2025
Trump Says He Wants To Pass Tax Cuts For Everyone
President Donald Trump said he wants to make the Tax Cuts and Jobs Act's income tax cuts permanent, make interest payments on certain car loans tax deductible and eliminate taxes on tips and overtime during a joint address to Congress on Tuesday.
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March 04, 2025
Trump's Mexico, Canada Tariffs To Face Legal Tests, Pros Say
President Donald Trump placed 25% tariffs on all goods from Canada and Mexico on Tuesday, citing drug trafficking as the core reason he used untested emergency tariff powers, a course of action that will face legal scrutiny, tax professionals told Law360.
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March 04, 2025
Wealth Taxes Must Involve Beneficial Ownership, Report Says
Countries that are considering wealth taxes should also invest in beneficial ownership transparency systems to enforce the measures, including comprehensive asset registration, according to a report published Tuesday by the advocacy group Tax Justice Network.
Expert Analysis
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As Promised, IRS Is Coming For Crypto Tax Evaders
The IRS is fulfilling its promise to crack down on those who have neglected to pay taxes on cryptocurrency earnings, as demonstrated by recently imposed prison sentences, enforcement initiatives and meetings with international counterparts — suggesting a few key takeaways for taxpayer compliance, say attorneys at BakerHostetler.
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5 Reasons Associates Shouldn't Take A Job Just For Money
As a number of BigLaw firms increase salary scales for early-career attorneys, law students and lateral associates considering new job offers should weigh several key factors that may matter more than financial compensation, say Albert Tawil at Lateral Hub and Ruvin Levavi at Power Forward.
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The Pop Culture Docket: Judge Djerassi On Super Bowl 52
Philadelphia Court of Common Pleas Judge Ramy Djerassi discusses how Super Bowl 52, in which the Philadelphia Eagles prevailed over the New England Patriots, provides an apt metaphor for alternative dispute resolution processes in commercial business cases.
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Employee Experience Strategy Can Boost Law Firm Success
Amid continuing business uncertainty, law firms should consider adopting a holistic employee experience strategy — prioritizing consistency, targeting signature moments and leveraging measurement tools — to maximize productivity and profitability, says Haley Revel at Calibrate Consulting.
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6 Practice Pointers For Pro Bono Immigration Practice
An attorney taking on their first pro bono immigration matter may find the law and procedures beguiling, but understanding key deadlines, the significance of individual immigration judges' rules and specialized aspects of the practice can help avoid common missteps, says Steven Malm at Haynes Boone.
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Lessons From Country Singer's Personal Service Saga
Recent reports that country singer Luke Combs won a judgment against a Florida woman who didn’t receive notice of the counterfeit suit against her should serve as a reminder for attorneys on best practices for effectuating service by electronic means, say attorneys at Jenner & Block.
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7 E-Discovery Predictions For 2024 And Beyond
The legal and technical issues of e-discovery now affect virtually every lawsuit, and in the year to come, practitioners can expect practices and policies to evolve in a number of ways, from the expanded use of relevancy redactions to mandated information security provisions in protective orders, say attorneys at Littler.
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5 Litigation Funding Trends To Note In 2024
Over the next year and beyond, litigation funding will continue to evolve in ways that affect attorneys and the larger litigation landscape, from the growth of a secondary market for funded claims, to rising interest rates restricting the availability of capital, says Jeffery Lula at GLS Capital.
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4 Legal Ethics Considerations For The New Year
As attorneys and clients reset for a new year, now is a good time to take a step back and review some core ethical issues that attorneys should keep front of mind in 2024, including approaching generative artificial intelligence with caution and care, and avoiding pitfalls in outside counsel guidelines, say attorneys at HWG.
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What The Law Firm Of The Future Will Look Like
As the legal landscape shifts, it’s become increasingly clear that the BigLaw business model must adapt in four key ways to remain viable, from fostering workplace flexibility to embracing technology, say Kevin Henderson and Eric Pacifici at SMB Law Group.
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4 PR Pointers When Your Case Is In The News
Media coverage of new lawsuits exploded last year, demonstrating why defense attorneys should devise a public relations plan that complements their legal strategy, incorporating several objectives to balance ethical obligations and advocacy, say Nathan Burchfiel at Pinkston and Ryan June at Castañeda + Heidelman.
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Unpacking The Proposed Production Tax Credit Regulations
Recently proposed tax regulations for claiming the U.S. clean-energy manufacturers' production credit under Internal Revenue Code Section 45X are less stringent than many had feared but fail to define a fundamental eligibility requirement, say Casey August and Jared Sanders at Morgan Lewis.
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10 Considerations For Litigating A New York Tax Case
While some of New York’s recently adopted corporate tax regulations are likely to face legal challenges, aggrieved taxpayers should answer certain questions before deciding to embark on the tax litigation process, say Cyavash Ahmadi and Jeffrey Friedman at Eversheds Sutherland.