International
-
September 08, 2025
OECD Revises Standards For Exchanging Tax Rulings
The OECD's global tax policymaking body has revised its standards governing the exchange of tax rulings between tax authorities, with the organization saying Monday that the scope now includes exchanges that are essential for jurisdictions to address concerns related to base erosion and profit shifting.
-
September 08, 2025
Greek Pipe Co.'s Data Gaps Merit Tariff Hike, Fed. Circ. Says
Tariffs against Greek pipe importers will stay in place, the Federal Circuit found Monday, affirming a U.S. Court of International Trade holding that the companies submitted deficient financial data, requiring the U.S. Department of Commerce to fill in certain information gaps when calculating the duties.
-
September 08, 2025
Crédit Agricole Pays €88M Fine To Settle Cum-Cum Probe
Crédit Agricole SA's investment banking arm agreed on Monday to pay French prosecutors €88 million ($103 million) to settle a criminal probe over allegations that the lender conducted trades designed to flout tax laws.
-
September 05, 2025
Judge Grills Gov't On Details Of IRS-ICE Info-Sharing Deal
A D.C. senior judge pressed a government attorney Friday over the specifics of the IRS' disclosure of tax return information to immigration enforcement agencies, saying the details were crucial to weighing a coalition of organizations' bid to block the practice.
-
September 05, 2025
CPA Group Asks OECD To Expedite US Min. Tax Exemption
The Association of International Certified Professional Accountants said Friday that it has asked the OECD's global tax policymaking body to quickly issue guidance detailing an exemption of U.S. companies from the international measures of the 15% global minimum tax.
-
September 05, 2025
Sterlington Adds More Morgan Lewis Private Wealth Attys
Sterlington PLLC has announced that it is expanding its Philadelphia office, which it launched earlier this summer with a three-person private wealth team from Morgan Lewis & Bockius LLP, by bringing on a team of their former colleagues.
-
September 05, 2025
India Will Buy Russian Oil Despite US Tariff, Minister Says
India will continue to buy oil from Russia even though President Donald Trump imposed an additional 25% tariff on the country's goods in connection with the purchases, the country's finance minister said Friday.
-
September 05, 2025
Amazon's UK Tax Bill Hits £1B Amid Revenue Reaching £29B
Amazon said its U.K. direct tax bill rose to £1 billion ($1.35 billion) after its revenue in Britain reached £29 billion last year.
-
September 05, 2025
Taxation With Representation: Milbank, Wachtell, Latham
In this week's Taxation With Representation, aircraft lessor Air Lease Corp. agrees to a take-private deal, Evernorth Health Services invests billions in Shields Health Solutions, Cadence Design Systems Inc. acquires the design and engineering business of Hexagon AB, and Kraft Heinz Co. plans to split into two independent, publicly traded companies.
-
September 05, 2025
Fla. Magistrate Advises Arrest In $19.6M Foreign Account Case
A Florida magistrate judge recommended an order for the arrest of a dual U.S.-German citizen who has failed to pay about $19.6 million in penalties for undisclosed Swiss bank accounts, holding that imposing additional fines would be "an empty gesture."
-
September 05, 2025
What Tax Pros Read During Their Summer Vacation
What do tax professionals read in their spare time? A wide variety of books, it turns out. Here, Law360 looks at the books enjoyed by tax lawyers, professors and analysts who spoke with Law360.
-
September 05, 2025
Public Hearing On Offshore Profit Regs Set For October
A public hearing is scheduled for next month on proposed rules that would require U.S. multinational companies to create annual shareholder accounts and follow new pooling concepts to account for previously taxed earnings and profits, the U.S. Treasury Department said Friday.
-
September 05, 2025
Deputy PM Angela Rayner Quits Amid Stamp Duty Scandal
Deputy Prime Minister Angela Rayner said Friday that she is resigning following days of speculation over claims she dodged tax on an £800,000 ($1 million) property bought in Brighton, southern England.
-
September 04, 2025
Ill. Toymakers Ask Justices To Resolve Tariff Suit Venue Split
A pair of toymakers asked the U.S. Supreme Court Thursday to resolve a jurisdictional dispute concerning challenges to President Donald Trump's emergency tariffs, saying the justices should hear their case at the D.C. Circuit along with the federal government's just-filed appeal of a Federal Circuit decision that invalidated Trump's tariffs.
-
September 04, 2025
India Cuts Consumption Taxes As 50% US Tariff Takes Effect
The Indian government approved cuts to hundreds of goods and services tax rates in an effort to alleviate pressure on consumers as a 50% U.S. tariff begins to weigh on the country's economy.
-
September 04, 2025
Hong Kong, Jordan Ink Tax Treaty
Officials from Hong Kong and Jordan signed a tax treaty in Beijing on Thursday, which Hong Kong's government framed as deepening economic cooperation with a participant in China's global infrastructure project, the Belt and Road Initiative, according to a news release.
-
September 04, 2025
ABA Tax President-Elect Plans To Build On Section's Success
Lisa Zarlenga, a Steptoe LLP partner, is serving as president-elect of the American Bar Association's Section of Taxation for the 2025–2026 term, officially taking on the role this month with the goal of building the strength of the organization for the next generation of tax attorneys. In an interview with Law360, Zarlenga discussed what she enjoys about tax practice, how the section has shaped her career and her vision for strengthening the organization to support future generations of tax attorneys.
-
September 04, 2025
Australian Greens Float Contractor Bans After PwC Scandal
The Australian Greens party proposed legislation Thursday that would ban unethical contractors from bidding on government projects, citing the finance department's recent decision to resume working with PwC Australia, which was involved in a scandal involving leaked government tax documents.
-
September 04, 2025
HMRC Adds Barrister To Tax Avoidance List For First Time
HM Revenue and Customs took the step on Thursday of naming for the first time a practicing barrister with 20 years' experience as a promoter of a scheme to avoid paying income tax and National Insurance contributions.
-
September 04, 2025
Crane Co. Can Deduct VAT On Intragroup Payments, ECJ Says
A Romanian crane company can claim deductions for value-added tax on intragroup payments because the services provided were genuine, the European Union's top court ruled Thursday.
-
September 04, 2025
Gov't Urges Justices To Fast-Track Emergency Tariff Suit
The U.S. Supreme Court must consider under a proposed fast-track schedule the Federal Circuit's finding of President Donald Trump's emergency tariffs as unlawful or jeopardize the recent bilateral trade agreements and the improvements to the U.S. economy as a result of those duties, the administration said.
-
September 03, 2025
Italian Police Take Assets Of Cos. Accused Of €40M VAT Fraud
Italian authorities seized assets Wednesday from two software companies, uncovering evidence that they defrauded European governments of around €40 million ($46.7 million) in value-added taxes, the European Public Prosecutor's Office and Italian Financial Police said.
-
September 03, 2025
Finnish Co. Loses Bid For Access To Aid Files In EU Tax Probe
A Finnish packaging maker can't access documents from a European Union state aid investigation of the company's Luxembourg tax arrangements and of other companies' tax affairs, the EU's lower court ruled Wednesday.
-
September 03, 2025
Senate To Hold Treasury, IRS Nomination Hearings Next Week
The Senate Finance Committee said Wednesday that it has scheduled nomination hearings for high-ranking officials at the U.S. Department of the Treasury and the Internal Revenue Service for Sept. 10.
-
September 03, 2025
Tax Court Must Reconsider Medtronic Pricing, 8th Circ. Says
The U.S. Tax Court should reconsider its use of a hybrid approach for pricing intangibles that Medtronic licensed to a Puerto Rican affiliate, the Eighth Circuit said Wednesday, vacating the ruling and directing the court to revisit the IRS' pricing method.
Expert Analysis
-
State Of The States' AI Legal Ethics Landscape
Over the past year, several state bar associations, as well as the American Bar Association, have released guidance on the ethical use of artificial intelligence in legal practice, all of which share overarching themes and some nuanced differences, say Eric Pacifici and Kevin Henderson at SMB Law Group.
-
8 Childhood Lessons That Can Help You Be A Better Attorney
A new school year is underway, marking a fitting time for attorneys to reflect on some fundamental life lessons from early childhood that offer a framework for problems that no legal textbook can solve, say Chris Gismondi and Chris Campbell at DLA Piper.
-
This Election, We Need To Talk About Court Process
In recent decades, the U.S. Supreme Court has markedly transformed judicial processes — from summary judgment standards to notice pleadings — which has, in turn, affected individuals’ substantive rights, and we need to consider how the upcoming presidential election may continue this pattern, says Reuben Guttman at Guttman Buschner.
-
Mental Health First Aid: A Brief Primer For Attorneys
Amid a growing body of research finding that attorneys face higher rates of mental illness than the general population, firms should consider setting up mental health first aid training programs to help lawyers assess mental health challenges in their colleagues and intervene with compassion, say psychologists Shawn Healy and Tracey Meyers.
-
The Trade And Tax Issues Behind US-Canada Digital Tax Clash
The new Canadian digital services tax recently went into effect despite objections from the U.S., a controversy that represents an unusual mix of trade and tax policy, and many companies have been pondering how it will affect their e-commerce businesses, says Damon Pike at BDO.
-
Litigation Inspiration: Honoring Your Learned Profession
About 30,000 people who took the bar exam in July will learn they passed this fall, marking a fitting time for all attorneys to remember that they are members in a specialty club of learned professionals — and the more they can keep this in mind, the more benefits they will see, says Bennett Rawicki at Hilgers Graben.
-
AI May Limit Key Learning Opportunities For Young Attorneys
The thing that’s so powerful about artificial intelligence is also what’s most scary about it — its ability to detect patterns may curtail young attorneys’ chance to practice the lower-level work of managing cases, preventing them from ever honing the pattern recognition skills that undergird creative lawyering, says Sarah Murray at Trialcraft.
-
Ruling On Foreign Dividend Break Offers 2 Tax Court Insights
In Varian v. Commissioner, the U.S. Tax Court allowed a taxpayer's deduction for dividends from foreign subsidiaries, providing clarity on how the U.S. Supreme Court’s Loper Bright decision may affect challenges to Treasury regulations, and revealing a potential disallowance of foreign tax credits, say attorneys at Davis Polk.
-
Why Now Is The Time For Law Firms To Hire Lateral Partners
Partner and associate mobility data from the second quarter of this year suggest that there's never been a better time in recent years for law firms to hire lateral candidates, particularly experienced partners — though this necessitates an understanding of potential red flags, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.
-
Considering Possible PR Risks Of Certain Legal Tactics
Disney and American Airlines recently abandoned certain litigation tactics in two lawsuits after fierce public backlash, illustrating why corporate counsel should consider the reputational implications of any legal strategy and partner with their communications teams to preempt public relations concerns, says Chris Gidez at G7 Reputation Advisory.
-
It's No Longer Enough For Firms To Be Trusted Advisers
Amid fierce competition for business, the transactional “trusted adviser” paradigm from which most firms operate is no longer sufficient — they should instead aim to become trusted partners with their most valuable clients, says Stuart Maister at Strategic Narrative.
-
Navigating A Potpourri Of Possible Transparency Act Pitfalls
Despite the Financial Crimes Enforcement Network's continued release of guidance for complying with the Corporate Transparency Act, its interpretation remains in flux, making it important for companies to understand potentially problematic areas of ambiguity in the practical application of the law, say attorneys at Sidley.
-
How Methods Are Evolving In Textualist Interpretations
Textualists at the U.S. Supreme Court are increasingly considering new methods such as corpus linguistics and surveys to evaluate what a statute's text communicates to an ordinary reader, while lower courts even mull large language models like ChatGPT as supplements, says Kevin Tobia at Georgetown Law.