International
-
April 14, 2025
German Court Convicts Man Connected To 鈧100M VAT Fraud
A German federal court convicted a man connected to a聽鈧100 million ($113.5 million) value-added tax fraud scheme involving聽services that let users make phone calls via the internet, the European Public Prosecutor's Office said Monday, tagging the individual with聽鈧7.3 million in dodged taxes.
-
April 14, 2025
DOJ Resists Airing Full ICE Pact On Taxpayer Data Sharing
The U.S. government objected Monday to releasing an unredacted copy of a tax-information-sharing agreement between the IRS and immigration enforcement agencies sought by groups seeking to block the disclosure, telling a D.C. federal court that it would reveal sensitive information and law enforcement techniques.
-
April 14, 2025
EU Not 'Sitting Back' With US Tariffs, German Official Says
"Simply sitting back" isn't an option for the European Union in response to wide-ranging tariffs imposed by President Donald Trump's administration, Germany's finance minister said Monday in defense of the bloc's countermeasures.
-
April 14, 2025
HMRC Lays Out Info Exchange Noncompliance Penalties
HM Revenue & Customs on Monday established the penalty structure for financial institutions that fail to comply with the U.K.'s regulations on聽automatic exchange of information, including monetary penalties for late filing and inaccurate reports.
-
April 14, 2025
Ex-BGC Tax Adviser Admits Contempt In 拢23M Fraud Case
A former BGC Partners employee faces a potential jail sentence after admitting before a London judge Monday that he breached restrictions the court imposed after he committed a 拢23.5 million ($30.9 million) fraud against a subsidiary.
-
April 14, 2025
EU Council Adopts Rules Supporting 15% Global Minimum Tax
The Council of the European Union has adopted聽tax reporting rules to support the implementation of the 15% global minimum corporate tax rate in the EU, it announced Monday.
-
April 11, 2025
China Hikes US Tariffs To 125%, Saying No More Tit-For-Tat
China's government said Friday it has raised its tariffs on U.S. goods to 125% and won't match future tariff rate increases by President Donald Trump, who according to the White House聽has set the rate for most Chinese goods at 145%.
-
April 11, 2025
Work To Continue On OECD Tax Plan Despite US Pullback
Work will continue on the OECD's international tax deal despite the U.S. saying it doesn't apply stateside, the organization said Friday after a meeting of 135 jurisdictions that helped craft the system.
-
April 11, 2025
Court Affirms Nix Of 拢2M VAT Refund For Cars' Data Devices
The British Court of Appeal affirmed Friday that a company wasn't entitled to recoup 拢2 million ($2.6 million) in value-added tax charged on the installation of event-data-recording devices in cars.
-
April 11, 2025
Trump Tariffs Will Hurt US Worse Than EU, Bloc Official Says
The wide-ranging tariffs imposed by President Donald Trump's administration, including those that were recently paused for 90 days, will harm the U.S. worse than the European Union, the bloc's economic commissioner said Friday.
-
April 11, 2025
3 Convicted Of Driving 鈧24M Car Sales VAT Fraud Ring
A German court convicted and sentenced three ringleaders of a value-added tax fraud scheme that used a series of shell companies and fake invoices to dodge 鈧24 million ($27 million) in owed value-added taxes, the European Public Prosecutor's Office said Friday.
-
April 11, 2025
Taxation With Representation: Norton Rose, Ropes & Gray
In this week's Taxation With Representation, Capri Holdings sells Versace to Prada, Woodside Energy sells a liquefied natural gas terminal stake to Stonepeak, crypto infrastructure firm Ripple acquires prime brokerage platform Hidden Road, and Bain Capital takes a stake in Lincoln Financial.
-
April 11, 2025
Turkey's Tax System Not Redistributive Enough, OECD Says
Turkey's current tax and benefits system "barely reduces inequalities," the Organization for Economic Cooperation and Development said, pointing to a number of potential fixes, including edits to its income tax system and other regimes.
-
April 10, 2025
Immigration Groups Seek Unredacted Tax Data-Sharing Pact
Immigration advocates trying to block the Internal Revenue Service from disclosing taxpayers' information to the U.S. Department of Homeland Security and other agencies urged a D.C. federal court on Thursday to require the Justice Department to hand over an unredacted version of a government agreement to share the confidential data.
-
April 10, 2025
Calif. Rep's Bill Would Shield Farmers From Retaliatory Tariffs
A California congressman on Thursday introduced a bill in the U.S. House aiming to curb the authority of President Donald Trump to impose new or additional duties on agricultural products from countries that are major agricultural trade partners with the United States.
-
April 10, 2025
Exec Facing Tax Evasion Charges To Remain In Custody
An aerospace company founder facing tax evasion and other fraud charges will remain in pretrial detention because he's considered a major flight risk, a D.C. federal court ruled.
-
April 10, 2025
Senate Bill Would End Declared Emergency Behind Tariffs
A bill introduced Thursday in the Senate would end the national emergency declared by President Donald Trump to underpin the global tariff regime he unveiled last week, with Sens. Rand Paul, R-Ky., Ron Wyden, D-Ore., and Chuck Schumer, D-N.Y., among the sponsors.
-
April 10, 2025
Trump's Int'l Trade Pick Says Tech Deals Sought In Tariff Talks
President Donald Trump could look to prioritize and coordinate tech investments with countries approaching the U.S. to strike a deal to avoid higher tariff rates currently suspended, Trump's pick to lead international trade at the U.S. Department of Commerce said Thursday.
-
April 10, 2025
IRS-ICE Deal Could Cost $25B In Tax Revenue, Report Says
The Internal Revenue Service's agreement to share the taxpayer records of certain non-U.S. citizens with immigration enforcement authorities could lead to a $25 billion loss in tax revenue in 2026, according to research from Yale University.
-
April 10, 2025
Sullivan & Worcester Hires Fried Frank REIT Tax Pro
Sullivan & Worcester LLP announced Thursday that it has hired a Fried Frank Harris Shriver & Jacobson LLP partner, noting that the attorney comes to the firm with deep real estate investment trust tax expertise.
-
April 10, 2025
Dechert Tax Pro Jumps To Whiteford In NY
Whiteford Taylor & Preston LLC has added an experienced transactional tax attorney from Dechert LLP as a partner to its practice in New York, the firm announced.
-
April 10, 2025
Germany Forms New Gov't With Plans To Cut Corporate Taxes
German political parties the Christian Democrats and the Social Democrats reached a coalition government agreement, including terms for corporate tax cuts and support for the global minimum corporate tax rate.
-
April 10, 2025
EU, UAE Begin Talks On Free Trade Deal For Goods, Services
The European Union and United Arab Emirates have started negotiations on a free trade agreement focused on liberalizing trade in goods, services and cross-border investment, the European Commission said.
-
April 10, 2025
Vietnam, US Begin Trade Deal Negotiations, Hanoi Says
Vietnam and the United States have started negotiations on a trade deal after the Vietnamese government said it was prepared to eliminate all tariffs on U.S. goods, Hanoi said Thursday.
-
April 10, 2025
EU Delays Tariffs After Trump's 90-Day Hold
The European Union will delay tariffs on U.S. goods following President Donald Trump's decision to hold off on imposing them on European goods for 90 days, the president of the European Commission said Thursday.
Expert Analysis
-
IRS Should Revise Overbroad Microcaptive Regs
Rather than seeking to curtail use of congressionally sanctioned microcaptive insurance programs by imposing burdensome disclosure obligations, the Internal Revenue Service should revisit its recently finalized regulations and implement rules tailored to address areas of specific abuse, say attorneys at Zerbe Miller.
-
What's Next For Russia Sanctions After Task Force Disbanded
Attorney General Pam Bondi鈥檚 recent disbanding of Task Force KleptoCapture, which was initially aimed at seizing Russian oligarchs鈥 funds and assets, is unlikely to mean the end of Russia sanctions enforcement and other economic countermeasures, as the architecture for criminal enforcement remains in place, say attorneys at BakerHostetler.
-
How Law Firms Can Counteract The Loneliness Epidemic
The legal industry is facing an urgent epidemic of loneliness, affecting lawyer well-being, productivity, retention and profitability, and law firm leaders should take concrete steps to encourage the development of genuine workplace connections, says Michelle Gomez at Littler and Gwen Mellor Romans at Herald Talent.
-
5 Keys To Building Stronger Attorney-Client Relationships
Attorneys are often focused on being seen as the expert, but bonding with clients and prospects by sharing a few key personal details provides the basis for a caring, trusted and profoundly deeper business relationship, says Deb Feder at Feder Development.
-
Attorneys Must Act Now To Protect Judicial Independence
Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch鈥檚 authority, says attorney Bhavleen Sabharwal.
-
Rethinking 'No Comment' For Clients Facing Public Crises
鈥淣o comment鈥 is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
-
Reading The Tea Leaves On Mexico, Canada And China Tariffs
It's still unclear whether the delay in the imposition of U.S. tariffs on Canadian and Mexican imports will result in negotiated resolutions or a full-on trade war, but the outcome may hinge on continuing negotiations and the Trump administration's possible plans for tariff revenues, say attorneys at Eversheds Sutherland.
-
How Design Thinking Can Help Lawyers Find Purpose In Work
Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits 鈥 but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.
-
The Pros And Cons Of A 2nd Trump Term For UK Tech Sector
While U.S. President Donald Trump鈥檚 protectionist stance on trade could disrupt global supply chains on which many U.K. tech firms are reliant, anticipated deregulation could provide fertile ground for investment and growth, and the U.K. tech sector is bracing for a mix of opportunities, say lawyers at Shoosmiths.
-
Corp. Transparency Act's Future Under Treasury's Bessent
The Corporate Transparency Act鈥檚 ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.
-
A Look At A Possible Corporate Transparency Act Exemption
Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.
-
Inconsistent Injury-In-Fact Rules Hinder Federal Practice
A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.
-
In-House Counsel Pointers For Preserving Atty-Client Privilege
Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.