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March 20, 2026
Taxation With Representation: Clifford Chance, Davis Polk
In this Week's Taxation With Representation, Public Storage acquires National Storage Affiliates Trust, 3M teams up with Bain Capital to buy Madison Fire & Rescue, and Mastercard acquires stablecoin infrastructure firm BVNK.
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March 20, 2026
Paris Firm Adds Longtime Transfer Pricing Expert
De Gaulle Fleurance, a Paris firm specializing in business law, has boosted its international tax department with the addition of a longtime expert in transfer pricing.
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March 19, 2026
Meta Says IRS Defying Settled Facts In $16B Tax Fight
The IRS is refusing to agree to the truth of parts of the trial transcript and the U.S. Tax Court's opinion last year in a Facebook transfer pricing case as the social media platform's parent, Meta, disputes a $16 billion tax bill in a related case, the company told the court.
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March 19, 2026
Tariff Refund System Testing Underway, US Customs Says
The program for U.S. importers to claim refunds for tariffs paid under the global regime struck down by the U.S. Supreme Court is undergoing testing, according to a declaration by a Customs and Border Protection official filed Thursday.
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March 19, 2026
Texas Court Erases $7.8M In Taxes On Stored Export Oil
A Texas company storing presold crude oil to be exported to foreign countries was wrongly taxed $7.8 million by a county assessor, a state appeals court ruled Thursday, reversing a trial court decision.
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March 19, 2026
EU Trade Committee Approves US Trade Deal With Conditions
The European Parliament's trade committee approved major tariff cuts Thursday to implement the bloc's U.S. trade deal, but made the cuts contingent on President Donald Trump respecting a 15% cap on rates, lowering steel and aluminum tariffs and not imposing tariffs over foreign policy concerns.
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March 19, 2026
Affiliated Cos. Not Automatically Linked, EU High Court Says
Businesses are not automatically linked for the purposes of determining state aid eligibility merely because an individual holds a majority stake in each of them, the European Court of Justice said Thursday in a dispute between a Latvian company and the country's tax authorities.
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March 19, 2026
EU Official Says Tax Simplification Requires Trade-Offs
A top tax official in the European Union's executive body said Thursday that EU countries must be prepared to make some trade-offs, for instance on information exchange and information technology investment, if they want to achieve tax simplification.
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March 19, 2026
HMRC Proposes Stricter Transaction Reporting For Small Cos.
The U.K.'s tax authority wants to hear from small businesses about plans to require entities to disclose close company transactions such as cash withdrawals to it as part of an effort to reduce tax compliance failures, the agency said Thursday.
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March 18, 2026
Temu Users Join Customer Push For IEEPA Tariff Refunds
Online marketplace Temu must refund customers for passed-on costs related to the Trump administration's now-invalidated International Emergency Economic Powers Act tariffs, a consumer leading a proposed nationwide class action told an Illinois state court.
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March 18, 2026
Malawi Can Resume Discovery On Gem Co. In Tax Dispute
Malawi can resume discovery on a gem mining company it has accused of dodging billions of dollars in taxes, as a Washington federal court said Wednesday that the country had identified errors in the court's previous order to halt the process.
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March 18, 2026
Cos. Can Undo Exception To Limit On Biz Interest Deduction
Guidance from the Internal Revenue Service issued Wednesday described how companies can reverse the decision to elect out of the limitation on business interest deductions under Internal Revenue Code Section 163(j).
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March 18, 2026
France Wants Digital Tax On US Firms In EU Budget
France wants the European Union to create a digital services tax targeting U.S. firms to help fund the bloc's next budget, a French official said during an EU meeting.
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March 18, 2026
EU Calls For Progress On Stalled Tax Harmonization Plans
The European Commission called for progress Wednesday on tax harmonization proposals that are stuck in the legislative pipeline, saying it is seeking to remove barriers to companies operating in the European Union.
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March 18, 2026
HMRC Counters Barclays Bid To Revive £800M Tax Deduction
Barclays Bank wasn't entitled to treat as a corporate tax deduction £800 million ($1 billion) of £3 billion raised issuing debt instruments in a deal with Qatar and Abu Dhabi, HM Revenue & Customs argued Wednesday, because the bank gave away certain securities as a "sweetener" for the deal.
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March 17, 2026
$20M FBAR Judgment Didn't Need Jury Trial, Judge Says
A Florida federal court should reject a U.S.-German citizen's effort to escape a nearly $20 million tax judgment for failing to report foreign bank account information, a magistrate judge suggested, rejecting the man's argument that he was wrongly deprived of a jury trial.
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March 17, 2026
Barclays Defends £800M Deduction For Financial Crisis Debt
Barclays Bank defended its tax treatment of £3 billion ($4 billion) in debt instruments issued during the financial crisis, telling the U.K. Upper Tribunal on Tuesday that £800 million should be deductible as a debit arising from a loan.
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March 17, 2026
US Minimum Tax Deal Has Clear Drawbacks, UK Official Says
There are clear drawbacks to U.S. companies escaping the global minimum tax's international reach as the result of an agreement reached under pressure from the U.S. government, panelists said Tuesday.
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March 17, 2026
WTO Must Extend Digital Trade Protections, Lawmakers Told
The World Trade Organization's moratorium on digital trade measures must be extended and its scope strengthened in support of U.S. business interests, experts testifying before the U.S. House's trade panel told lawmakers Tuesday.
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March 17, 2026
Treasury Official Urges Careful Deliberation On Digital Taxes
Global players should prioritize consensus and constructive dialogue when it comes to tax reform rather than rushing into unilateral measures such as digital service taxes, the U.S. Department of the Treasury's top delegate to the OECD said Tuesday.
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March 17, 2026
Director Owing £120K Tax Banned For 'Abusive Phoenixism'
A business adviser who repeatedly set up new firms that left unpaid tax bills has been banned as a director for five years after his consultancy collapsed owing more than £120,000 ($160,000).
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March 16, 2026
New Int'l Tax Rules May Spur State Apportionment Arguments
A major change in taxation of international income may present a bolstered argument for companies seeking alternative apportionment in states, tax professionals said Monday.
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March 16, 2026
Brokerage Lacks NY Ties In Pensions' Tax Claims, Judge Says
A New York federal court threw out claims by three pension plans against a London brokerage firm that, according to the plans, executed fraudulent refund claims for them to the Danish tax authority, finding the brokerage had insufficient ties to New York.
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March 16, 2026
EU Needs To Unify Tax Policy To Aid Start-Ups, Panelists Say
The European Union should create more unified tax policies to attract start-up companies, including by ensuring firms aren't disadvantaged by the treatment of employee stock options and company losses, former government officials and others said Monday.
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March 16, 2026
EU Biz Rep Warns Of Overlap Between Pillar 2, Other Rules
The director of a prominent European Union business body said Monday that duplication between requirements of the Pillar Two minimum tax system and EU frameworks for tackling tax avoidance has created regulatory burdens that are holding back investment in Europe.
Expert Analysis
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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.
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Mitigating Tariff Risks For Healthcare In US And Canada
Healthcare stakeholders should take steps to evaluate the impact of cross-border tariffs, as the historically strong ties between Canada and the U.S. demonstrate the potential for real disruption and harm to the healthcare industry in both countries, say attorneys at Norton Rose.