International
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August 27, 2025
Baker Botts Adds 2 More Lateral Partners In NY
As it touts the addition of 17 lateral partners this year so far, Baker Botts LLP announced Tuesday that it has gained a former Paul Weiss Rifkind Wharton & Garrison LLP attorney focused on executive compensation and transactional tax strategy and a former McDermott Will & Schulte LLP attorney focused on public company and private equity mergers and acquisitions.
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August 27, 2025
UK Gov't Warned Against Insurance Tax Hikes In Fall Budget
The government could inadvertently pile additional pressure on public healthcare if it decided to raise the insurance premium tax rate in the coming budget, a consultancy warned Wednesday.
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August 26, 2025
The Tax Angle: Tariff Troubles, Tipped Income
From a look at the impact of rising tariffs on energy tax credits and issues arising from the deduction for taxes on tips, here's a peek into a reporter's notebook on a few developing tax stories.
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August 26, 2025
Facebook Urges Tax Court To Toss IRS' Royalty Calculations
Facebook asked the U.S. Tax Court to reject the IRS' proposed royalty rate and other calculations for the social media giant's deal with an Irish affiliate to develop intangibles, arguing the agency is attempting to recharacterize the transaction.
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August 26, 2025
South Korea Fined Taxpayers $189M For Unreported Accounts
South Korea's tax authority meted out 263.3 billion won ($189 million) in fines to around 820 individuals last year for failing to disclose their foreign financial accounts after identifying them through intergovernmental exchanges of information, according to a report published Tuesday.
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August 26, 2025
EU Defends Digital Taxes Following Trump's Tariff Threat
The European Commission said Tuesday that it stands by European Union member states keeping digital taxes in place despite President Donald Trump's renewed threats to impose tariffs on countries with measures hitting the U.S. tech giants.
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August 26, 2025
UAE's Domestic Min. Tax Qualified Under OECD Guidance
The United Arab Emirates has completed a transitional self-certification process for its domestic minimum top-up tax so that it qualifies under the Organization for Economic Cooperation and Development's guidance for the 15% global minimum tax system, the country's Finance Ministry said.
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August 25, 2025
Advocate Orgs. Ask DC Circ. To Stop IRS Sharing Info With ICE
Immigrant advocacy groups urged the D.C. Circuit to stop the IRS from sharing taxpayer addresses with immigration authorities, saying the court should consider the substance of their challenge to an unprecedented information sharing deal rather than toss their case on procedural grounds put forward by the government.
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August 25, 2025
Ex-TSA Attorney Among 3 New Lawyers At Kaplan Kirsch
A former Transportation Security Administration attorney is among three lawyers who recently joined Kaplan Kirsch LLP, a Denver-based law firm that specializes in representing state, local and tribal government agencies on projects such as airport expansions and new rail lines.
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August 25, 2025
Romania Says Online Retailers Avoided VAT On $46M In Sales
The Romanian government announced a large-scale operation against over 200 foreign e-commerce companies that it said have sold goods totaling about 200 million Romanian leu ($46 million) into the country without paying value-added taxes.
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August 25, 2025
Big 4 Urge Ireland To Boost R&D Tax Credit System
Ireland should retool its research and development tax credit system, such as by increasing the credit's rate, to continue attracting investment in a changing international tax landscape, the Big Four accounting firms said in comments released Monday.
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August 25, 2025
Poland Planning Corp. Tax Increase On Banks, With Twist
While Poland is planning a sizable increase to its corporate tax rate for banks, it also plans to cut another bank tax, the country's Ministry of Finance said.
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August 22, 2025
Liberty Global $240M Foreign Tax Credit Bid Fails At 10th Circ.
Liberty Global cannot claim $240 million in foreign tax credits for the sale of a Japanese affiliate, the Tenth Circuit ruled Friday, rejecting the telecommunications giant's contention that a statutory provision allows it to recharacterize the proceeds as overseas income.
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August 22, 2025
Canada To Toss Tariffs On US Goods Under USMCA
The Canadian government will remove retaliatory tariffs on U.S. goods that comply with the United States-Mexico-Canada Agreement, excluding steel, aluminum and automobiles, in a move aimed at jump-starting trade talks akin to an exemption made by the U.S. government, Canada's prime minister said Friday.
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August 22, 2025
HMRC Tightens Pension Tax Relief Claims By Higher Earners
The U.K. is restricting pension tax relief claims for higher earners in a change coming into effect next month, Britain's tax authority said.
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August 22, 2025
Slovakian Gov't Proposes 3% To 5% Digital Services Tax
Slovakia is proposing a digital services tax on companies including Meta, Google and Netflix, with a senior government official saying the ability of large tech companies to avoid Slovakian income taxes gives them an unfair advantage over local businesses.
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August 22, 2025
Taxation With Representation: Kirkland, Weil, Fried Frank
In this week's Taxation With Representation, private equity firm Thoma Bravo buys human resources software provider Dayforce Inc. in a take-private deal, Lowe's buys Foundation Building Materials, Nexstar Media Group Inc. acquires fellow media company Tegna Inc., and Soho House & Co. Inc. inks a take-private deal with hotel operator MCR.
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August 22, 2025
IRS Guidance Sparks Mixed Reaction For Solar, Wind Projects
The IRS recently narrowed the way large solar and wind energy development projects can set their construction start dates to qualify for certain tax credits, a change offering relief for some developers but new hurdles for others depending on the stage, type and size of the project.
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August 22, 2025
OECD Recognizes Brazil's Implementation Of Global Min. Tax
The Organization for Economic Cooperation and Development has recognized Brazil's 15% corporate minimum tax as meeting the requirements for the international minimum tax framework known as Pillar Two, the country's Ministry of Finance announced.
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August 21, 2025
Omni Bridgeway Looks To Enforce $13M Albania Award
Litigation funder Omni Bridgeway is urging a D.C. federal court to let it seize assets belonging to Albania as it looks to enforce an arbitral award now worth some $13 million that the country has ignored for years, in a nearly decade-old dispute stemming from taxes on oilfield projects.
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August 21, 2025
Man Who Hid Account From Wife Owes FBAR Fines, US Says
A claim by the owner of a check-cashing business that he only meant to hide a foreign bank account from his wife during divorce proceedings doesn't excuse his failure to report the money to the Internal Revenue Service, the U.S. told a California federal court.
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August 21, 2025
EU, US Agree To Eliminate Industrial Tariffs
The European Union and the U.S. have agreed on new terms to the trade agreement to eliminate EU tariffs on U.S. industrial products and implement a 15% U.S. tariff cap for most other sectors, according to a joint statement issued Thursday.
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August 21, 2025
Treasury Gets New Acting International Tax Counsel
A deputy international tax counsel for the U.S. Department of the Treasury has been elevated to serve as acting counsel, he said in a post on LinkedIn.
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August 21, 2025
G7 Deal May Undermine Global Minimum Tax Enforcement
The U.S. government's agreement with the Group of Seven nations to effectively exempt American companies from the 15% global minimum tax may hollow out enforcement of the international regime, in part because other multinational corporations may pursue similar treatment.
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August 21, 2025
Prosecutors Can Hunt Lawyer's Assets In Castle Fraud Case
A London court ruled Thursday that prosecutors could go ahead with efforts to claw back money from a former lawyer who was imprisoned for more than a decade for defrauding an American property developer out of £10.5 million ($14 million.)
Expert Analysis
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How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
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Adapting To Private Practice: From US Attorney To BigLaw
When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.
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The Ins And Outs Of Consensual Judicial References
As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.
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The BigLaw Settlements Are About Risk, Not Profit
The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.
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Customs Fraud Enforcement In The Age Of Tariffs
In the wake of the Trump administration’s new approach toward tariffs, two recent Justice Department developments demonstrate aggressive customs fraud enforcement, with the DOJ emphasizing competitive harm to American businesses, and signaling that investigations will likely involve both civil and criminal enforcement tools, say attorneys at Bernstein Litowitz and London & Naor.
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Power To The Paralegals: An Untapped Source For Biz Roles
Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.
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How Trucking Cos. Can Keep Rolling Under Tariff Burdens
Recent Trump administration tariffs present major challenges for the transportation and logistics sector — and, in particular, trucking — but providers who focus on operational efficiency, cost control, customer relationships, creative contract structures and unique offerings will stand out from the competition, say attorneys at Benesch.
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$38M Law Firm Settlement Highlights 'Unworthy Client' Perils
A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies.
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Jurisdictional Issues At Play In 9th Circ.'s FCA Trade Case
A decision by the Ninth Circuit in Island Industries v. Sigma Corp. could result in the U.S. Court of International Trade’s exclusive jurisdiction over trade-related FCA cases, a big shift in the enforcement landscape just as tariffs take center stage in trade policy, say attorneys at Haynes Boone.
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Evolving Federal Rules Pose Further Obstacles To NY LLC Act
Following the Financial Crimes Enforcement Network's recent changes to beneficial ownership information reporting under the federal Corporate Transparency Act — dramatically reducing the number of companies required to make disclosures — the utility of New York's LLC Transparency Act becomes less apparent, say attorneys at Pillsbury.
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Reassessing Corporate Separateness After Explosion Of LLCs
Following the dramatic increase of limited liability companies in the U.S., the Corporate Transparency Act's enactment and the Trump administration's subsequent narrowing of that law, it's worth revisiting the underlying legal principles that govern shell companies in order to remedy the problems that initially motivated the CTA, says Jeff Newton at Omni Bridgeway.
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Crisis Management Lessons From The Parenting Playbook
The parenting skills we use to help our kids through challenges — like rehearsing for stressful situations, modeling confidence and taking time to reset our emotions — can also teach us the fundamentals of leading clients through a corporate crisis, say Deborah Solmor at the Wisconsin Alumni Research Foundation and Cara Peterman at Alston & Bird.
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Adapting To Private Practice: From NY Fed To BigLaw
While the move to private practice brings a learning curve, it also brings chances to learn new skills and grow your network, requiring a clear understanding of how your skills can complement and contribute to a firm's existing practice, and where you can add new value, says Meghann Donahue at Covington.