International
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July 11, 2025
EU Court Rules Against Croatia Excise Duty On False Invoices
The Croatian government cannot charge excise duties on a woodworker's falsified petroleum invoices that claimed tax deductions, a European Union court ruled, holding that this attempt to combat tax abuse flouts EU law.
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July 11, 2025
Taxation With Representation: Davis Polk, Kirkland, Cassels
In this week's Taxation With Representation, Merck buys U.K. drugmaker Verona Pharma, CoreWeave acquires fellow data center company Core Scientific, Royal Gold acquires Sandstorm Gold and Horizon Copper, and Italian food company Ferrero buys WK Kellogg.
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July 11, 2025
OECD Suggests Netherlands Curb Tax Expenditures
The Netherlands' tax system contains numerous exemptions, allowances and reduced rates that total nearly 16% of the nation's gross domestic product, and it should trim numerous ineffective measures to support more sustainable growth, the OECD said.
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July 11, 2025
German Legislature OKs Corporate Tax Cuts
A package of changes framed as helping boost corporate investment was passed Friday by Germany's upper house of Parliament, including increases in depreciation followed by a gradual reduction of the country's corporate tax rate.
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July 10, 2025
10th Circ. Affirms Sentence In $1B Energy Tax Credit Scheme
A leader of a renewable-energy scheme that illicitly sought $1 billion in tax credits failed to persuade the Tenth Circuit to overturn his conviction by arguing that jurors were biased when his lawyer was identified as having helped Michael Jackson beat child molestation charges.
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July 10, 2025
Ninth Person Convicted In €2.3M German VAT Fraud
A German court has convicted the ninth individual linked with a €2.3 million ($2.7 million) value-added tax fraud scheme involving international trade of cars, European Union prosecutors announced Thursday.
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July 10, 2025
Trump Says 50% Copper Tariff Will Begin Aug. 1
President Donald Trump said his new 50% tariff on copper imports will take effect Aug. 1, citing national security concerns.
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July 10, 2025
14 Arrested Over Suspected Phishing-Tied Tax Fraud Scheme
Fourteen people have been arrested as part of an international investigation into a large-scale tax fraud operation that used personal data stolen in phishing attacks, the U.K. tax authority announced on Thursday.
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July 10, 2025
IRS To Rescind Digital Asset Broker Rules
The Internal Revenue Service will revoke final regulations requiring brokers to report their digital asset sales, the agency said Thursday, following through on a congressional measure this year that called for their removal.
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July 10, 2025
Firm Denies Giving Ex-Pandora Chief Negligent Tax Advice
A law firm has denied giving former Pandora boss Peter Andersen negligent tax advice that saddled him and the jeweler with a £3.3 million ($4.5 million) tax bill because of Andersen's pension trust.
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July 10, 2025
EU Prosecutors Detain 8 Individuals In €68M VAT Fraud Probe
European Union prosecutors revealed Thursday that they have detained eight people in Spain for their alleged involvement in a €68 million ($80 million) value-added tax fraud linked to alcohol imported from other member states.
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July 09, 2025
Trump Slaps Brazil With 50% Tariff, Cites Bolsonaro Trial
President Donald Trump said Wednesday that Brazilian goods sent to the U.S. can expect a 50% tariff starting in August, saying that the increased levy was in part due to Brazil's charges against its former president, Jair Bolsonaro.
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July 09, 2025
Trump Order On Solar, Wind Credits Puts Industry On Heels
President Donald Trump threw a curveball to the energy industry by ordering the U.S. Department of the Treasury to take a hard line on which projects qualify for solar and wind tax credits under the new budget law, leaving practitioners uncertain about the scope of the restrictions.
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July 09, 2025
IRS Expands Filing Exceptions For Certain Pass-Throughs
The Internal Revenue Service is expanding domestic filing exceptions for certain pass-through entities with foreign investments, the agency announced Wednesday.
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July 09, 2025
Businesses, States Tell Fed. Circ. Trump's Tariffs Are Unlawful
The U.S. Court of International Trade correctly determined President Donald Trump's emergency tariffs were improperly imposed under a law that makes no mention of the trade mechanism, a group of states and small businesses told the Federal Circuit, arguing that the duties should be limited under another law.
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July 09, 2025
Romania Planning Tax Hikes To Improve EU's Worst Deficit
The Romanian government has adopted a package of tax measures, including an increase to the value-added tax rate, in an effort to reduce the country's deficit, which is the largest in the European Union.
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July 09, 2025
Baker McKenzie Rehires Int'l Tax Pro As Principal Economist
Baker McKenzie's former director of economics, who spent more than 15 years as an IRS assistant director in a division that focuses on cross-border tax issues, has rejoined the firm after working with EY.
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July 09, 2025
2 Years Later, Germany Still Hasn't Fixed Nonprofit Tax Issue
Germany still hasn't taken any steps to address uncertainty surrounding the tax-exempt status of nonprofits two years after the European Union first identified the issue, the EU's executive arm said.
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July 09, 2025
DSTs Cost American Cos. Nearly $2.8B In 2024, Group Says
The U.S. should continue to leverage its strength to dismantle other countries' digital services tax regimes, an international trade group said Wednesday, pointing to four countries that collected nearly $2.8 billion from American companies last year.
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July 08, 2025
Trump Declares 50% Copper Tariff, Floats 200% Pharma Tariff
President Donald Trump announced Tuesday that he will impose a new 50% tariff on copper imported into the U.S., while also raising the possibility of imposing a 200% tariff on pharmaceuticals.
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July 08, 2025
Trump Tariff Fights Put Spotlight On Major Questions Doctrine
Challenges to President Donald Trump's global tariffs have brought renewed attention to the U.S. Supreme Court's major questions doctrine, including observations that lower courts have so far inconsistently applied this approach when scrutinizing a range of agency actions.
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July 08, 2025
EU Negotiators Aim For US Trade Deal Before August
The European Union aims to secure an agreement with the U.S. government over threatened tariffs before August to end the economic uncertainty around trade, an EU commissioner confirmed Tuesday.
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July 08, 2025
UK Tax Crackdown On Wealthy Aims For £500M By 2030
Planned increases in HM Revenue & Customs' staffing and overall capabilities, including 400 people to focus on risks posed by offshore wealth, are expected to generate an additional £500 million ($678 million) in added tax compliance revenue by the 2029-2030 tax year, the British tax agency said.
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July 08, 2025
Asia-Pacific Tax Ratio Up But Below Average, OECD Says
The average ratio of tax to gross domestic product across 37 jurisdictions in Asia and the Pacific increased to 19.6% in 2023, 0.3 of a percentage point higher than the year prior, though that was still well below the OECD average of 33.9%, the organization said Tuesday.
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July 08, 2025
EU Gives Final Go-Ahead For Bulgaria To Switch To Euro
The Council of the European Union gave its final approval Tuesday for Bulgaria to transition to using the euro next year, with the bloc saying the change will give Bulgarians "real, everyday benefits" like easier cross-border payments and greater access to foreign investment.
Expert Analysis
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A Cold War-Era History Lesson On Due Process
The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.
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How BigLaw Executive Orders May Affect Smaller Firms
Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.
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Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Tariffs And FCA Create Perfect Storm For Importers
The Trump administration's aggressive tariff policies pose a high risk to certain importation practices that are particularly likely to trigger False Claims Act enforcement, say attorneys at Jeffer Mangels.
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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.