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May 15, 2026
Trade Probes Likely To Be Strong Bulwark For Trump's Tariffs
President Donald Trump will likely deploy new tariffs this summer across numerous countries under a law that provides the federal government with its strongest legal footing yet in federal court for a global tariff regime.
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May 15, 2026
Taxation With Representation: Cassels, Ropes & Gray
In this week's Taxation With Representation, Equinox Gold Corp. and Orla Mining Ltd. announce a merger to create a major gold producer, OpenAI plans to form a company to boost adoption of its software across enterprises and private equity firm Apollo acquires trade show operators Emerald Holding and Questex.
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May 15, 2026
Tribunal Rejects HMRC's Retroactive Late Payment Penalties
HM Revenue & Customs cannot retroactively impose late payment surcharges and penalties on an investment manager who arranged for the tax authority to reallocate his earlier payments for tax years tied to failed avoidance schemes, a London court found.
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May 15, 2026
Italy Study Says Tax Credits Boosted Investment, Not Output
An Italian tax credit program that was intended to support the digitalization of Italian industry raised business investment but failed to translate into meaningful productivity gains, according to a review from the Bank of Italy and the national Finance Ministry.
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May 15, 2026
OECD To List Countries Ready To Receive Global Returns
The Organization for Economic Cooperation and Development plans to publish on Monday a list of countries implementing the global minimum tax that plan to have online portals in place to receive the required information returns by May 31, the organization's top tax official said Friday.
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May 14, 2026
Canada Can't Duck Legal Fees in Ferry Operator's Tax Dispute
Canada is on the hook for more than CA$754,000 ($549,000) in legal fees incurred by a state-owned ferry operator after the Federal Court of Appeal declined its bid to reverse a lower court's awarded costs.
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May 14, 2026
Gov't Asks 6th Circ. To Reverse FedEx's $89M Tax Credit Win
The U.S. government urged the Sixth Circuit to reverse a Tennessee federal court's decision that invalidated foreign tax credit regulations and allowed FedEx an $89 million refund, arguing that the rules reflect Congress' intent to prevent windfalls under the 2017 tax overhaul.
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May 14, 2026
UK Tribunal Partially Allows Claims For Tax Relief On Films
Several partnerships can claim tax relief on the equity-financed portions of their film productions but not debt-financed components designed to inflate their tax relief, a London court found, ordering HMRC to amend parts of its closure notices.
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May 14, 2026
Corp. AMT Proposal Coming In February, Official Says
The U.S. plans to propose its entire package of rules on the corporate alternative minimum tax — which has so far been the subject of five Internal Revenue Service notices — in February, an official from the U.S. Department of the Treasury said Thursday.
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May 14, 2026
Barrister Loses Bid To Overturn £15K Fine Tied To Tax Row
A London court has maintained a £15,000 ($20,100) fine imposed on a barrister after he sent a barrage of emails accusing HMRC and a caseworker of colluding to sabotage his tax appeal, backing a disciplinary panel's findings of misconduct.
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May 14, 2026
'Pig Butchering' Crypto Scam Victim Seeks $962K From IRS
An Ohio man told a district court that the Internal Revenue Service wrongly denied his tax deduction claim for a loss of over $800,000 from a cryptocurrency "pig butchering" scheme despite the extensive documentation of the fraud he said he provided to the agency.
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May 14, 2026
Ex-Deputy PM Rayner Says She's Cleared Of Tax Claims
Britain's tax authority has cleared former Deputy Prime Minister Angela Rayner of claims that she dodged taxes on an £800,000 ($1 million) property, according to an interview published Thursday, just as the Labour government faces demands for new leadership.
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May 14, 2026
Highest Earners Hardest Hit By Pension Tax Change, IFS Says
The highest earners in the private sector will be hit the hardest by the U.K. government's decision to cap tax-free pension salary sacrifices at £2,000 ($2,700), the Institute for Fiscal Studies has said, with finance and insurance among the most affected industries.
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May 13, 2026
Meta Must Share Option Costs Post-Altera, IRS Says
The Ninth Circuit's 2019 ruling against Altera Corp., which upheld rules requiring companies to share the cost of employee stock options with foreign affiliates, means that Meta's income for 2017-18 should be increased by roughly $3 billion, the IRS told the U.S. Tax Court.
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May 13, 2026
Accendra Pays $19M To Settle IRS Transfer Pricing Matter
Accendra Health Inc. paid $19 million to the Internal Revenue Service to conclude tax matters related to international transfer pricing activity between 2015 and 2018, according to a recent earnings call with investors.
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May 13, 2026
Trump 1st-Term Tariff Hikes On China Legal, Feds Tell Justices
President Donald Trump's first administration was well within its legal authority to increase tariffs on Chinese goods under a law utilized to address unfair trading practices, and the U.S. Supreme Court doesn't need to consider a challenge to those measures, the government told the justices.
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May 13, 2026
Tax Court Won't Rethink Nix Of Russian Scientist's Exemption
The U.S. Tax Court won't rethink its decision that the U.S. Department of Energy's payments to a Russian scientist for his subatomic particle research in Virginia don't fall under a tax exemption for grants in the U.S.-Russia tax treaty.
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May 13, 2026
GM Unit's Pricing Shift Doesn't Affect VAT, EU High Court Says
The Portuguese government should not have increased the value-added tax bill for automaker Stellantis, the European Union's top court ruled Wednesday, holding that intercompany transactions between the former General Motors Co. subsidiary and European manufacturers fell outside the VAT's scope.
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May 13, 2026
HMRC Warns Against New Fraud Trend
A growing number of taxpayers are falling for scammers promoting bills of exchange as a means of paying off a tax liability, Britain's tax authority warned Wednesday.
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May 13, 2026
Suspect Arrested In €18M Electronics VAT Fraud Scheme
European prosecutors said Wednesday that German authorities arrested one suspect and carried out a series of raids in an investigation into an alleged €18 million ($21 million) value-added tax carousel fraud involving the cross-border sale of small electronics.
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May 13, 2026
Hungary Issues Guidance On Global Minimum Tax Return Info
Hungary issued guidance Wednesday for companies, covering how to file information returns for the 15% global minimum tax.
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May 12, 2026
9th Circ. Orders New Tax Fraud Trial Over Juror's Racial Bias
An Idaho federal court wrongly denied a man of Mexican descent a new trial after discovering a juror had made racially biased comments about people of Mexican ethnicity during deliberations on whether to convict him of preparing false tax returns, a split Ninth Circuit panel said Tuesday.
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May 12, 2026
Over 8 Million Imports In Line For Over $35B In Tariff Refunds
Over 8.3 million imports are pending tariff refunds after clearing the final system processes developed by Customs and Border Protection, accounting for almost $35.5 billion in duty refunds with interest, according to the latest declaration filed Tuesday by an agency official in the U.S. Court of International Trade.
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May 12, 2026
Fed. Circ. Pauses Trade Court Ruling Blocking Trump Tariffs
The Federal Circuit halted a permanent injunction issued by the U.S. Court of International Trade that was scheduled to take effect on Tuesday, which would have stopped the collection of duties under President Donald Trump's temporary global tariff from two businesses and the state of Washington.
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May 12, 2026
Shell Wins Australia Tax Fight Over $71.6M In Added Taxes
The Australian Taxation Office wrongly assessed AU$98.9 million ($71.6 million) in additional taxes to a Shell plc subsidiary by denying its entitlement to add a premium to its cost basis for a deemed acquisition of shares, the Federal Court of Australia said.
Expert Analysis
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The Law Firm Merger Diaries: Getting The Message Across
Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.
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Horizontal Stare Decisis Should Not Be Casually Discarded
Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.
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10 Commandments For Agentic AI Tools In The Legal Industry
Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.
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The Law Firm Merger Diaries: How To Build On Cultural Fit
Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.
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Rare Tariff Authority May Boost US Battery Manufacturing
Finalizing preliminary tariffs on active anode material from China — the result of a rare exercise of statutory authority finding that foreign dumping hampered the development of a nascent U.S. industry — should help domestic battery manufacturing, but potential price increases could discourage related clean-energy use, say attorneys at MoloLamken.
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Considerations When Invoking The Common-Interest Privilege
To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.
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The Law Firm Merger Diaries: Making The Case To Combine
When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.
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What To Watch As NY LLC Transparency Act Is Stuck In Limbo
Just about a month before it's set to take effect, the status of the New York LLC Transparency Act remains murky because of a pending amendment and the lack of recent regulatory attention in New York, but business owners should at least prepare for the possibility of having to comply, says Jonathan Wilson at Buchalter.
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Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar
Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.
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8th Circ. Decision Shipwrecks IRS On Shoals Of Loper Bright
The Eighth Circuit’s recent decision invalidating transfer pricing regulations in 3M Co. v. Commissioner may be the most significant tax case implementing Loper Bright's rejection of agency deference as a judicial tool in statutory construction, says Edward Froelich at McDermott.
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Rule Amendments Pave Path For A Privilege Claim 'Offensive'
Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.
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Litigation Funding Could Create Ethics Issues For Attorneys
A litigation investor’s recent complaint claiming a New York mass torts lawyer effectively ran a Ponzi scheme illustrates how litigation funding arrangements can subject attorneys to legal ethics dilemmas and potential liability, so engagement letters must have very clear terms, says Matthew Feinberg at Goldberg Segalla.
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E-Discovery Quarterly: Recent Rulings On Dynamic Databases
Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.