International
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April 29, 2025
UAE To Waive Late Tax Registration Fines For Some Cos.
Corporations in the United Arab Emirates that failed to file their tax registration applications on time will have an avenue to have associated administrative penalties waived, the country's official news agency said Tuesday.
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April 29, 2025
EU Top Court OKs Polish Property Tax Break For Railway
The Polish government may grant a property tax exemption to a private railway owner to make part of the railway available to carriers without breaking European Union law on state aid, the EU's top court ruled Tuesday.
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April 29, 2025
Automakers Get 15% Tariff Offset Under New Trump Order
President Donald Trump will sign an executive order Tuesday afternoon to provide automakers that produce and sell finished vehicles in the U.S. a 15% offset on future imported parts that face a 25% tariff for the next year.
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April 29, 2025
IRS Shouldn't Elect To Use OECD Pricing Method, AICPA Says
The IRS shouldn't unilaterally apply the Organization for Economic Cooperation and Development's streamlined approach to price-related companies' baseline distribution and marketing costs and should give companies a wide berth to choose the approach, the American Institute of Certified Public Accountants told the agency.
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April 28, 2025
Court Urged To Reconsider Jurisdiction In Tribal Tariff Row
Blackfeet Nation members are asking a Montana federal judge to reconsider an order to transfer their challenge against President Donald Trump's tariffs on imports from Canada and abroad to the U.S. Court of International Trade, saying the decision is based on the constitutional question of the Indian commerce clause.
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April 28, 2025
OECD Says Luxembourg Tax Edits Can Help Growth, Climate
Tweaks to Luxembourg's tax regime could help the country transition from a decadeslong period of rapid growth to a more sustainable system that also helps address climate change, the Organization for Economic Cooperation and Development said Monday.
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April 28, 2025
Board Game Co., 11 Others Say Trump Tariffs Unconstitutional
President Donald Trump's tariffs exceed the constitutional authority of the executive branch, argued 12 American companies, including a manufacturer of tabletop games that are printed in China, urging a federal court to halt them.
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April 28, 2025
UK Seeks Input On Replacing Diverted Profits Tax
The U.K. government is holding a consultation on plans to replace the country's diverted profits tax by changing corporation tax and transfer pricing rules, HM Revenue & Customs said Monday.
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April 28, 2025
No Harm Shown Over DOGE Access To Tax Data, US Says
The U.S. government asked a D.C. federal court to throw out four organizations' bid to keep the White House's Department of Government Efficiency from accessing confidential taxpayer data, saying their suit fails to show injury to the groups' members.
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April 28, 2025
Hong Kong, Bahrain Double-Tax Treaty Enters Into Force
A treaty to avoid double taxation between Hong Kong and Bahrain has gone into force after being approved by the jurisdictions' legislatures, Hong Kong's Inland Revenue Department said Monday.
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April 28, 2025
China Doesn't Need US Grains, Seed Oils, State Planner Says
China doesn't need to import grains and seed oils from the U.S. because it can source them domestically or internationally, an official from the country's state planning commission said Monday about the most valuable category of U.S. exports to China.
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April 28, 2025
China Says No Tariff Negotiations Underway With US
China is not currently negotiating with the United States on tariffs, and President Xi Jinping has not spoken to President Donald Trump on the phone recently, a spokesperson for China's foreign ministry said Monday.
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April 25, 2025
Finland Plans €1.1B In Income Tax Cuts, Corp. Tax Reduction
Finland's government said it has agreed to an economic plan that would drop personal income tax payments by a cumulative €1.1 billion ($1.25 billion) while also cutting the corporate tax rate by 2 percentage points.
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April 25, 2025
Feds Say Tariff Fight Belongs In International Trade Court
The Trump administration wants to litigate a challenge to its tariffs in a federal trade court, not the D.C. district court, arguing that the U.S. Court of International Trade is the only venue with jurisdiction to hear the case.
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April 25, 2025
Sen. Crapo Calls Exec Session For Commerce, Treasury Noms
U.S. Senate Finance Committee Chairman Mike Crapo, R-Idaho, announced Friday that it will hold an executive session Tuesday to consider President Donald Trump's picks for roles at the U.S. Department of Commerce and U.S. Department of the Treasury.
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April 25, 2025
Canada Court OKs Late Tax Assessment For Unreported Gains
A real estate company owes taxes on more than CA$12 million ($8.7 million) in unreported capital gains that tax authorities discovered after the statute of limitations expired, the Tax Court of Canada said in a ruling released Friday, because the company had negligently failed to review its returns.
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April 25, 2025
State Coffers, Businesses Brace For Tariffs' SALT Impacts
President Donald Trump's new tariffs could impose further pressures on state coffers that were already experiencing a slowdown in tax collections while underscoring the need for businesses to ensure they are complying with state sales tax obligations on the charges.
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April 25, 2025
South Africa Backs Off VAT Rate Increase
South Africa won't increase its value-added tax rate to 15.5% as scheduled on May 1, which will cost the country an estimated 75 billion rand ($4 billion), the country's Finance Ministry said.
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April 25, 2025
Belgian Data Watchdog Blocks FATCA Transfers To US
Belgium's data privacy watchdog ruled that a government agency's transfers of personal data to the U.S. tax authority as part of the Foreign Account Tax Compliance Act is prohibited under European law.
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April 25, 2025
Pope Francis Leaves Behind Tax Justice Legacy
Pope Francis, who died Monday at age 88, helped advance calls for tax justice by speaking out against the social costs of tax avoidance and raised awareness of the need for tax reform, according to proponents of income equality.
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April 25, 2025
Taxation With Representation: Dechert, Brown Rudnick
In this week's Taxation With Representation, Boeing sells parts of its digital aviation solutions business to Thoma Bravo, Baker Tilly and Moss Adams join forces, Mobico sells its U.S. school bus business to I Squared Capital, and Apollo commits to a joint venture with Bullrock Energy Ventures.
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April 25, 2025
Nightclub Owner And Accountant Guilty Of £4.9M Tax Fraud
A court has convicted a nightclub owner and his accountant of evading £4.9 million ($6.5 million) in tax, with the venue boss spending the money on luxury cars and a yacht, the U.K. tax authority said Friday.
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April 25, 2025
Gov't Repaid £1.4B In Pension 'Overtaxation' Since 2015
The U.K. government was forced to pay back £44 million ($58.6 million) in the first quarter to people who have been charged too much tax on pension withdrawals, bringing the total repaid to date to £1.4 billion.
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April 24, 2025
Gov't Stands By $1.7M In FBAR Penalties Against Texan
Constitutional law does not stop the U.S. from imposing $1.7 million in penalties against a Texan for failure to report foreign bank accounts, the U.S. told a federal court in arguing against the "myriad" of arguments she has made to dismiss the case.
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April 24, 2025
Methanol Giant's $85M Dividend Chain Ruled Not A Tax Dodge
Dividends totaling $85 million that were paid between subsidiaries of the world's largest methanol producer didn't reach the standard of dodging taxes in Trinidad and Tobago, the top appeals court for some Commonwealth countries ruled, saying the transactions followed the nation's tax law.
Expert Analysis
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Tariffs And FCA Create Perfect Storm For Importers
The Trump administration's aggressive tariff policies pose a high risk to certain importation practices that are particularly likely to trigger False Claims Act enforcement, say attorneys at Jeffer Mangels.
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US Reassessment Of OECD Tax Deal Is Right Move
The wholesale U.S. reevaluation of the Organization for Economic Cooperation and Development's global tax deal ordered by President Donald Trump is a positive step that could ultimately create a more durable international tax system, says Anne Gordon at the National Foreign Trade Council.
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Measuring And Mitigating Harm From Discriminatory Taxes
In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.
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Adapting To Private Practice: From DOJ Leadership To BigLaw
The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.
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How The CRE Industry Is Adapting To Tariff Uncertainty
Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.
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Law Firm Executive Orders Create A Legal Ethics Minefield
Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.
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Trade Policy Shifts Raise Hurdles For Gov't And Cos. Alike
The persistent tension between the Trump administration's fast-moving and aggressive trade policies and the compliance-heavy nature of the trade industry creates implementation challenges for both the business community and the government, says Sara Schoenfeld at Kamerman.
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Firms Must Embrace Alternative Billing Models Or Fall Behind
As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.
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How Attorneys Can Master The Art Of On-Camera Presence
As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.
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Firms Still Have Lateral Market Advantage, But Risks Persist
Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.
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We Must Allow Judges To Use Their Independent Judgment
As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.
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Preparing For Tariffs On Canadian Power In The Northeast
The on-again, off-again risk of import and export tariffs on energy transactions between the U.S. and Canada may have repercussions for U.S. energy stakeholders in the ISO New England and New York Independent System Operator electricity markets — but there are options that could help reduce cost impacts, say attorneys at Husch Blackwell.
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Making The Case For Rest In The Legal Profession
For too long, a culture of overwork has plagued the legal profession, but research shows that attorneys need rest to perform optimally and sustainably, so legal organizations and individuals must implement strategies that allow for restoration, says Marissa Alert at MDA Wellness, Carol Ross-Burnett at CRB Global, and Denise Robinson at The Still Center.