International
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July 24, 2025
Rising Star: McDermott's Michael Bruno
Michael Bruno of McDermott Will & Emery LLP was tapped as lead tax counsel by two legendary athletes — Lionel Messi and Stephen Curry — for the rollouts of their respective beverage brands, earning him recognition as one of the tax attorneys under age 40 honored by Law360 as Rising Stars.
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July 24, 2025
GOP Reps. Urge IRS To Roll Back Economic Substance Ruling
The Internal Revenue Service should withdraw a revenue ruling that invokes the economic substance doctrine to disregard certain intercompany transactions, 20 Republicans on the House Ways and Means Committee said Thursday, arguing it leaves taxpayers uncertain about how to apply partnership tax laws to commercial transactions.
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July 24, 2025
EU Considering Overhaul Of VAT On Traveling
The European Commission is seeking comments on how best to adjust its value-added tax rules for travel agents and passenger transportation, saying Thursday that the current rules are outdated and overly complex, leading to economic distortions and lower tax revenue.
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July 24, 2025
German Court Convicts 4th In €195M VAT Fraud Scheme
A fourth person has been convicted in connection with a €195 million ($229.3 million) value-added tax fraud scheme, this time in a German regional court, the European Public Prosecutor's Office said.
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July 24, 2025
OECD Pricing Tax Lacks Gains For Many Nations, Report Says
The OECD's subject-to-tax rule would not affect any treaties between the organization's members and major developing countries, while the United Nations' alternative version could raise revenue more effectively, according to a report from the Group of 24 nations and an intergovernmental think tank.
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July 24, 2025
Tax Reforms Key To Thailand Social Protections, OECD Says
Spending on nonhealthcare social protections in Thailand makes up 2.1% of its gross domestic product, and raising that spending will require juiced tax revenue, the Organization for Economic Cooperation and Development said Thursday while suggesting avenues for such an increase.
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July 23, 2025
Fla. Man Gets 5 Years In Jail For Hiding Swiss Bank Accounts
A Florida federal judge on Wednesday sentenced a Miami man to five years in prison on a conspiracy-related count in connection with evading taxes on approximately $20 million he held in Swiss bank accounts and setting up trusts in an attempt to hide assets.
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July 23, 2025
Rising Star: Freshfields' Joe Soltis
Joe Soltis of Freshfields LLP has advised companies on several multibillion-dollar transactions, including Cencora's $4.6 billion acquisition of Retina Consultants of America, earning him a spot among the tax law practitioners under age 40 honored by Law360 as Rising Stars.
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July 23, 2025
UK Payroll Co. Dodges £2.1M Penalty In VAT Fraud Case
A payroll company isn't liable for a penalty of £2.1 million ($2.8 million) and can claim a deduction on the £7.1 million in value-added tax that was lost to fraud by a missing trader, a Manchester tribunal ruled.
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July 23, 2025
Katten Welcomes Ex-Gibson Dunn Tax Pro In New York
Katten Muchin Rosenman LLP announced on Tuesday that it has added a former Gibson Dunn & Crutcher LLP of counsel to its transactional tax planning practice, noting her extensive experience in the finance space.
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July 23, 2025
EU E-Commerce Rules Generated €33B VAT In 2024
The European Union's measures for better collecting value-added taxes from online sales and the globalized economy generated €33 billion ($38.7 billion) across three reporting regimes last year, the bloc said Wednesday.
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July 22, 2025
Trump Says US Has Reached 'Exciting' Trade Deal With Japan
President Donald Trump on Tuesday said the United States has entered into a "massive" trade deal with Japan under which Japan will "open their country to trade, including cars and trucks, rice and certain other agricultural products" and pay a 15% tariff.
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July 22, 2025
Civil Rights Org. Backs 2nd Suit Over Tariffs, In Texas
The New Civil Liberties Alliance is representing two businesses and a trade association in Texas federal court in a suit filed on Monday against the federal government — the second suit the alliance has taken on to fight President Donald Trump's emergency tariffs.
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July 22, 2025
Trump Announces Framework For Indonesia Trade Deal
Indonesian goods entering the U.S. will face a 19% tariff beginning Aug. 1 as U.S. exports will benefit from a series of tariff reductions and removal of certain trade barriers by Indonesia, according to new details President Donald Trump announced for a trade deal between the two countries Tuesday on Truth Social.
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July 22, 2025
Senate Panel Approves Sidley Partner To Be Top Treasury Atty
The Senate Finance Committee approved President Donald Trump's nomination of a Sidley Austin LLP partner to be general counsel of the U.S. Department of the Treasury, sending his nomination to the full Senate for consideration.
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July 22, 2025
Archer & Greiner Lands Cullen And Dykman Tax Leader In NJ
Archer & Greiner PC has added the former leader of Cullen and Dykman LLP's tax department as a partner, who brings her expertise in mergers and acquisitions and other transactions to the firm.
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July 22, 2025
Rising Star: Kirkland's Devin Heckman
Devin Heckman of Kirkland & Ellis LLP has advised clients on the tax aspects of several multibillion-dollar acquisitions involving technology and healthcare companies, forging ongoing relationships and earning him a spot among the tax attorneys under age 40 honored by Law360 as Rising Stars.
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July 22, 2025
UK Releases Proposed Changes To 15% Min. Tax Legislation
The U.K. released draft legislation aimed at recalibrating its laws on the 15% global minimum tax in a number of ways, including capturing more permanent establishments, excluding more deferred tax assets and adjusting intragroup accounting discrepancies.
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July 22, 2025
Irish Board Affirms Tax Bill Against Loss Scheme Participant
The Irish Tax Appeals Commission closed out one of the remaining cases stemming from an investment fund, citing a court decision that found the participants used the syndicate to generate losses to reduce their taxable income.
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July 22, 2025
UK Anti-Tax Avoidance Rules Inconsistent, HMRC Told
The British government should seek to simplify its anti-tax avoidance rules for income tax to eliminate inconsistencies and avoid double taxation of earnings, accounting firms and tax professionals told HM Revenue & Customs in a consultation.
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July 22, 2025
Golf Adviser Reaped $2M In Secret Commissions, Court Rules
A former consultant to a U.K. golf retailer engaged in deceit, breach of trust and breach of fiduciary duty to reap over $2 million in secret commissions related to sales of golf equipment, a London court ruled Tuesday.
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July 22, 2025
OECD Updates Transfer Pricing Profiles For 12 Countries
The OECD updated 12 countries' entries in its transfer pricing database Tuesday, showing that while none of these countries has adopted the simplified approach for addressing baseline marketing and distribution activities known as Amount B, many have reached a political agreement on the measure.
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July 22, 2025
US Expatriations Over 1,000 Again In 2nd Quarter
While about 200 fewer people expatriated from the U.S. in the second quarter of 2025 compared with the first quarter, the number still totaled above 1,000, the Internal Revenue Service said Tuesday.
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July 22, 2025
Gov't Sets Out Plan To Include Pensions In Inheritance Tax
The government has confirmed that it is pushing ahead with plans to apply inheritance tax to wealth transferred through pensions in a move that experts say marks a "seismic" change for the sector.
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July 21, 2025
Guinea Tells DC Circ. $22M Award Can't Be Enforced
The Republic of Guinea has urged the D.C. Circuit not to revive a consulting company's bid to enforce a $22 million arbitration award, saying a lower court correctly found that it was unclear whether the country agreed to arbitrate the dispute in the first place.
Expert Analysis
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Calif. Bar Exam Fiasco Shows Why Attys Must Disclose AI Use
The recent revelation that a handful of questions from the controversial California bar exam administered in February were drafted using generative artificial intelligence demonstrates the continued importance of disclosure for attorneys who use AI tools, say attorneys at Troutman.
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In 2nd Place, Va. 'Rocket Docket' Remains Old Reliable
The U.S. District Court for the Eastern District of Virginia was again one of the fastest civil trial courts in the nation last year, and an interview with the court’s newest judge provides insights into why it continues to soar, says Robert Tata at Hunton.
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How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
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Adapting To Private Practice: From US Attorney To BigLaw
When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.
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The Ins And Outs Of Consensual Judicial References
As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.
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The BigLaw Settlements Are About Risk, Not Profit
The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.
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Customs Fraud Enforcement In The Age Of Tariffs
In the wake of the Trump administration’s new approach toward tariffs, two recent Justice Department developments demonstrate aggressive customs fraud enforcement, with the DOJ emphasizing competitive harm to American businesses, and signaling that investigations will likely involve both civil and criminal enforcement tools, say attorneys at Bernstein Litowitz and London & Naor.
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Power To The Paralegals: An Untapped Source For Biz Roles
Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.
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How Trucking Cos. Can Keep Rolling Under Tariff Burdens
Recent Trump administration tariffs present major challenges for the transportation and logistics sector — and, in particular, trucking — but providers who focus on operational efficiency, cost control, customer relationships, creative contract structures and unique offerings will stand out from the competition, say attorneys at Benesch.
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$38M Law Firm Settlement Highlights 'Unworthy Client' Perils
A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies.
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Jurisdictional Issues At Play In 9th Circ.'s FCA Trade Case
A decision by the Ninth Circuit in Island Industries v. Sigma Corp. could result in the U.S. Court of International Trade’s exclusive jurisdiction over trade-related FCA cases, a big shift in the enforcement landscape just as tariffs take center stage in trade policy, say attorneys at Haynes Boone.
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Evolving Federal Rules Pose Further Obstacles To NY LLC Act
Following the Financial Crimes Enforcement Network's recent changes to beneficial ownership information reporting under the federal Corporate Transparency Act — dramatically reducing the number of companies required to make disclosures — the utility of New York's LLC Transparency Act becomes less apparent, say attorneys at Pillsbury.
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Reassessing Corporate Separateness After Explosion Of LLCs
Following the dramatic increase of limited liability companies in the U.S., the Corporate Transparency Act's enactment and the Trump administration's subsequent narrowing of that law, it's worth revisiting the underlying legal principles that govern shell companies in order to remedy the problems that initially motivated the CTA, says Jeff Newton at Omni Bridgeway.