International
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August 19, 2025
Home Depot To Raise Some Prices Due To Tariffs
Home Depot expects to raise prices for some of its products as tariffs weigh its costs, while Congress' latest tax package will boost its cash flow, executives said Tuesday.
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August 18, 2025
Alaskan Woman Unreported Stock Income, Tax Court Says
An Alaska woman underreported her taxable income by failing to include stock transferred from her former employer, the U.S. Tax Court held Monday, rejecting her contention that she lacked control over the shares.
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August 18, 2025
Indian PM Seeks To Cut Taxes As US Tariffs Slated To Rise
Indian Prime Minister Narendra Modi said he'll ask his government to cut goods and services tax by mid-October as the country's economy faces headwinds from the U.S. plan to impose a 50% tariff on its exports.
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August 18, 2025
IRS Sharing Tax Info With ICE Amid Legal Challenge
The Internal Revenue Service has begun sharing taxpayer return information with U.S. Immigration and Customs Enforcement, the government told a D.C. federal court, revising the tax agency's previous stance that it had not received or responded to any such requests.
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August 18, 2025
Canada Draft Bills Would Boost Audit Powers, Data Sharing
Canada's finance minister has released draft legislation designed to help the country's revenue agency with audits, including by participating in a global digital asset reporting framework.
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August 18, 2025
IRS Accepting Applications To 2026 Real-Time Audit Program
The Internal Revenue Service soon will begin accepting applications for its compliance assurance process real-time audit program for 2026, the agency announced Monday.
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August 18, 2025
German Tax Perk Unfair To Nonresident Cos., EU Notice Says
A German tax benefit allowing businesses to offset capital gains tax when they sell assets and reinvest in new ones that is available only to companies with a permanent establishment in the country unfairly discriminates against nonresident businesses, the European Commission said Monday.
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August 15, 2025
US Eyeing Tariffs, Port Levies Over Shipping Emissions Plan
The U.S. government is considering tariffs, visa restrictions or port levies — and potentially a combination of those measures — in response to an intergovernmental plan to push the global shipping industry toward achieving net-zero greenhouse gas emissions, a U.S. Department of State spokesperson told Law360.
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August 15, 2025
Canada Court Greenlights Challenge To Unapproved Tax Hike
The Federal Court of Canada denied the government's bid to toss a challenge to the Canada Revenue Agency's stated plans early this year to assess capital gains taxes at an increased rate that hasn't received parliamentary approval.
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August 15, 2025
Retired EY Tax Ace Joins Atlanta Boutique
Atlanta-based law boutique Wiggam Law LLC has brought on a retired senior counsel at tax law boutique Asbury Law Firm, adding an attorney who previously led Ernst & Young's tax controversy practice for the central and southeastern U.S. and served as a trial attorney for the IRS, the boutique announced Friday.
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August 15, 2025
Taxation With Representation: Wachtell, Cooley, Sullivan
In this week's Taxation With Representation, the NBA signs off on the sale of the Boston Celtics, Gildan Activewear acquires HanesBrands, private equity shop Advent International buys insurance software firm Sapiens, and financial software provider MeridianLink goes private via its acquisition by Centerbridge Partners.
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August 15, 2025
Sweden Looks To Adopt Updated Pillar 2 Guidance
The Swedish Ministry of Finance proposed updates Friday to the country's legislation that implements the Pillar Two international minimum tax agreement, including amendments that would clarify rules on deferred taxes.
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August 14, 2025
Trump's Brazil Tariffs Raise Questions About Legal Limits
Higher tariffs imposed last week on Brazilian imports may prove especially vulnerable to legal challenges, but stakeholders expect the U.S.-Brazil trading relationship to nevertheless remain in limbo for the immediate future.
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August 14, 2025
Developing Nations Disfavor Arbitration In UN Tax Convention
Many developing countries objected Thursday to including arbitration as an option within a protocol on tax disputes in the United Nations framework convention on international tax cooperation, characterizing the process as tending to be imbalanced.
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August 14, 2025
Switzerland Planning Tax Info Swaps With 8 More Countries
Switzerland's government plans to expand its data-swapping network with eight additional countries under global guidelines to help tax administrations exchange financial account information.
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August 14, 2025
HMRC Tests Tax Evasion Law With 1st Corporate Charge
HMRC's long-awaited decision to charge a company for failing to prevent tax evasion under powers introduced eight years ago will test largely unanswered legal principles and could be a sign of the tax ministry's tougher stance on financial crime, lawyers say.
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August 14, 2025
Clark Hill Expands Tax Bench With Plunk Smith Atty In Texas
Clark Hill PLC announced Thursday that it has bolstered its tax and estate planning group in North Texas with an attorney who came aboard from Plunk Smith PLLC.
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August 13, 2025
Poland Looks At Adopting 3% Digital Services Tax
Poland is looking at adopting a 3% digital services tax modeled after unilateral measures in the U.K., France and Spain, according to documents from a meeting held by the government Wednesday.
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August 13, 2025
Austria Says AI Tools Helped It Gain €354M In Tax Revenue
The Austrian Finance Ministry generated €354 million ($414 million) in additional tax revenue by using artificial intelligence to uncover tax fraud and compliance violations, the ministry announced Wednesday.
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August 13, 2025
Australian Top Court Frees Pepsi From Royalty Taxes
Australia's top court sided with Pepsi in a long-running tax dispute Wednesday, holding that the beverage giant's soft drink manufacturing agreement with an Australian company did not generate income that would warrant royalty withholding taxes.
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August 13, 2025
US Threatens Retaliation For 'Global Carbon Tax' On Shipping
The U.S. government has preemptively threatened to retaliate against countries that adopt a multilateral plan to shift the global shipping industry toward achieving net-zero greenhouse gas emissions, claiming it's "a global carbon tax" that would disfavor liquefied natural gas and biofuels.
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August 13, 2025
Machinery Biz FD Gets 11-Year Ban For £1.5M Undeclared Tax
A former financial director of a machinery business has been banned from the profession for 11 years for submitting false value-added tax returns over three years and leaving more than £1.5 million ($2 million) undeclared to HM Revenue and Customs.
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August 12, 2025
EU Seeks Input For Review Of Foreign Subsidies Regulation
The European Union is seeking comments on the impact of its foreign subsidies regulation, a relatively new measure aimed at tracking funding that companies receive from abroad before engaging in mergers and bidding for public procurement contracts, according to a consultation.
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August 12, 2025
Groups Urge IRS To Resist Pressure To Share Taxpayer Info
Advocacy groups urged the Internal Revenue Service on Tuesday to keep resisting presidential pressure to share confidential tax-return information with immigration enforcement authorities, saying the abrupt departure of the agency's new commissioner highlights the need for oversight.
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August 12, 2025
Holland & Knight Hires Sen. Cornyn Tax Counsel In DC
The former senior tax counsel for U.S. Sen. John Cornyn, R-Texas, who worked for the lawmaker for almost two decades on appropriations, taxation, banking and other finance-related issues, has joined Holland & Knight LLP's public policy and regulation group.
Expert Analysis
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Exploring Venue Strategy For Trump-Era Regulatory Litigation
Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.
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An Associate's Guide To Career Development In 2025
As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.
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Making The Pitch To Grow Your Company's Legal Team
In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.
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Tax Court Should Update Framework For Defining Insurance
The U.S. Tax Court's unnecessary determination in Royalty Management Insurance v. Commissioner that a fraudulent transaction did not contain the hallmarks of a legitimate insurance transaction applies an outdated analysis that threatens the captive insurance sector and illustrates the need for a more modern framework to define true insurance, says Matthew Queen at the Queen Firm.
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When US Privilege Law Applies To Docs Made Outside The US
As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.
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Impact Of Corporate Transparency Act Ambiguity On Banks
Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.
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6 Changes I Would Make If I Ran A Law School
Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.
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Firms Still Have The Edge In Lateral Hiring, But Buyer Beware
Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.
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Think Like A Lawyer: 1 Type Of Case Complexity Stands Out
In contrast to some cases that appear complex due to voluminous evidence or esoteric subject matter, a different kind of complexity involves tangled legal and factual questions, each with a range of possible outcomes, which require a “sliding scale” approach instead of syllogistic reasoning, says Luke Andrews at Poole Huffman.
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Think Like A Lawyer: Note 3 Simple Types Of Legal Complexity
Cases can appear complex for several reasons — due to the number of issues, the volume of factual and evidentiary sources, and the sophistication of those sources — but the same basic technique can help lawyers tame their arguments into a simple and persuasive message, says Luke Andrews at Poole Huffman.
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Litigation Inspiration: Reframing Document Review
For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.
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3 Ways To Train Junior Lawyers In 30 Minutes Or Less
Today’s junior lawyers are experiencing a skills gap due to pandemic-era disruptions, but firms can help bring them up to speed by offering high-impact skill building content in bite-sized, interactive training sessions, say Stacey Schwartz at Katten, Diane Costigan at Winston & Strawn and Lauren Tierney at Freshfields.
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The Bar Needs More Clarity On The Discovery Objection Rule
Almost 10 years after Federal Rule of Civil Procedure 34 was amended, attorneys still seem confused about what they should include in objections to discovery requests, and until the rules committee provides additional clarity, practitioners must beware the steep costs of noncompliance, says Tristan Ellis at Shanies Law Office.