International

  • April 04, 2024

    Next EU Parliament Must Eye Tax Fairness, Lawmaker Says

    The new European Parliament that is elected in June must continue to work on fairness in taxation, removing tax barriers to economic growth and scrutiny of international tax policies, the outgoing chair of the parliamentary tax subcommittee said Thursday.

  • April 03, 2024

    IRS Says $28M In Fines Against Microsemi Adhered To Rules

    The Internal Revenue Service is again pressing the U.S. Tax Court to rule that it followed supervisory approval requirements when it imposed nearly $28 million in penalties against semiconductor manufacturer Microsemi in a transfer pricing dispute.

  • April 03, 2024

    McDermott Adds Ex-Baker McKenzie Tax Pro In Chicago

    The former chair of Baker McKenzie's Chicago tax practice group has joined McDermott Will & Emery LLP and will work as a partner in the firm's Chicago office, McDermott said Wednesday.

  • April 03, 2024

    Dutch Seek Input On Narrowing Plot Transfer Tax Exemption

    The Netherlands is seeking input on plans to amend a rule that exempts buildings on transferred plots of land from the country's transfer tax, saying that it needs to be narrowed to just agricultural buildings in line with the exemption's intention to benefit rural areas.

  • April 03, 2024

    UK Seeks To Share Country-Level Tax Reports, Official Says

    The U.K. government wants to allow low-income countries greater access to country-by-country reports of multinational corporations' tax data as a way to help them recover revenue that they're owed, a Cabinet official said Wednesday.

  • April 03, 2024

    Grading State Tax Policy And Judging The 'Dirty 30'

    For the first time in a quarter-century, the Council on State Taxation, which represents the state tax interests of more than 500 multinational corporations, is led by someone who is not named Douglas L. Lindholm. Here, Law360 speaks with the organization's new president emeritus.

  • April 03, 2024

    Taiwan Issues Tax Relief Guidance In Wake Of Earthquake

    Individuals and businesses impacted by the 7.4-magnitude earthquake that hit Taiwan on Wednesday morning are eligible for tax reductions or exemptions if their property was damaged, the country's National Taxation Bureau said.

  • April 03, 2024

    Greece Can Have Tax Regime On Self-Employed, EU Says

    Greece has the right to introduce a standardized minimum taxable income for the self-employed, according to European Union tax commissioner Paolo Gentiloni, who said rebalancing the tax burden between big and small businesses could help reduce income inequalities.

  • April 02, 2024

    Swiss Banker Avoids Prison For $60M Tax Evasion Conspiracy

    A Manhattan federal judge allowed a Swiss finance pro to avoid prison Tuesday for facilitating a tax evasion scheme that helped wealthy Americans hide $60 million from the IRS, saying the defendant is less culpable than alleged co-conspirators.

  • April 02, 2024

    South Africa Relying Less On Biz Tax As Revenues Top $115B

    South Africa's total tax revenue rose to 2.155 trillion rand ($115 billion) last year, buoyed by collections of personal income tax increasing more than 8% and despite corporate income tax collections sinking nearly 9%, the South African Revenue Service said Tuesday.

  • April 02, 2024

    Norway Floats Tax Framework For Activities On Sea Shelf

    With an increase in economic activity expected on Norway's continental sea shelf in the future, the country's Ministry of Finance said Tuesday that it wants to introduce tax liabilities on foreign companies generating income from certain activities there and is looking for public comment.

  • April 02, 2024

    Luxembourg's Deduction Rules Flout EU Law, Bloc Tells Court

    The European Commission asked the European Union's Court of Justice to rule that Luxembourg is breaking EU law by including securitized entities among financial undertakings that are allowed deductibility of interest payments, the EU's Official Journal said Tuesday.

  • April 02, 2024

    Small UK Cos. 'Freed' From VAT Payments By Threshold Rise

    Some 28,000 businesses have been "freed" from paying value-added tax as the registration threshold rose from £85,000 ($106,000) to £90,000 in revenue, HM Treasury has said.

  • April 02, 2024

    Watchdog Probes Norway's Carbon Tax Exemption Measures

    A Norwegian plan to exempt from excise duty waste incineration that is subject to the European Union's emissions trading system and to exempt natural gas, which is also subject to the ETS, from carbon tax is the focus of an investigation into state aid, a watchdog said Tuesday.

  • April 01, 2024

    US Support For Pillar 1 Still In Question After House Inquiry

    U.S. lawmakers signaled that they think technical and other issues remain in the OECD's Pillar One taxing rights overhaul during a recent House subcommittee meeting, casting further doubt on the plan's implementation as the timeline to finalize it has slipped.

  • April 01, 2024

    Berkshire Unit Merits Neb. Deduction, State Justices Told

    Nebraska's deduction for certain dividends should apply to income repatriated under the 2017 federal tax overhaul, an attorney for a Berkshire Hathaway entity told the state Supreme Court on Monday.

  • April 01, 2024

    Liechtenstein Adopts GloBE Rules For Corp. Minimum Tax

    Liechtenstein has supplemented its passage of the Organization for Economic Cooperation and Development's global corporate minimum tax by officially adopting the global anti-base erosion rules, which provide regulations to facilitate the minimum tax.

  • April 01, 2024

    BakerHostetler Adds Partner To Tax Practice Group

    BakerHostetler's Washington office has added a partner from Morris Manning and Martin LLP to join its tax practice group, Baker said in a statement Monday.

  • April 01, 2024

    Baker Donelson Adds EY Tax Pro To Houston Office

    A former EY senior manager has joined Baker Donelson Bearman Caldwell & Berkowitz PC's tax group in Houston as counsel, the firm announced.

  • April 01, 2024

    16 Charged In $12.5M VAT Refund Scheme, Poland Says

    Sixteen people have been charged in a scheme to use forged documents to claim false value-added tax refunds for polymer and steel transactions, causing an estimated 50 million Polish zloty ($12.5 million) in damages, Poland's tax authority said.

  • March 29, 2024

    APA Work Doubled In 2023, IRS Report Says

    The Internal Revenue Service finalized more than twice as many advance pricing agreements for U.S. multinational corporations in 2023 as in the previous year, according to an agency report released Friday.

  • March 29, 2024

    Green Energy Credit Sales Spur Surge In Tax Insurance

    A new way for project owners to monetize clean energy tax credits by selling them for cash has turbocharged demand for insurance policies to cover various risks tied to the transactions, which can often be worth hundreds of millions of dollars.

  • March 29, 2024

    EU OKs Irish Film Tax Credit Cap Increase, Extension

    Ireland is bumping up the cap on its 32% film project tax credit to €125 million ($135 million) and extending the program to the end of 2028 after getting the go-ahead from the European Commission, the country's Department of Finance said Friday.

  • March 29, 2024

    Canada Extends Mineral Exploration Tax Relief To 2025

    A 15% Canadian tax credit for investments in mining activities that was set to expire at the end of the month has been extended to March 2025, the country's Department of Finance said.

  • March 29, 2024

    HMRC Issues Draft R&D Credit Guidance For Overseas Work

    HM Revenue & Customs released draft guidance for complying with new restrictions on tax relief for payments to contractors for research and development, as well as payments for externally provided workers, for R&D activity that takes place abroad.

Expert Analysis

  • General Counsel Need Data Literacy To Keep Up With AI

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    With the rise of accessible and powerful generative artificial intelligence solutions, it is imperative for general counsel to understand the use and application of data for myriad important activities, from evaluating the e-discovery process to monitoring compliance analytics and more, says Colin Levy at Malbek.

  • Navigating Discovery Of Generative AI Information

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    As generative artificial intelligence tools become increasingly ubiquitous, companies must make sure to preserve generative AI data when there is reasonable expectation of litigation, and to include transcripts in litigation hold notices, as they may be relevant to discovery requests, say Nick Peterson and Corey Hauser at Wiley.

  • Finding Focus: Strategies For Attorneys With ADHD

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    Given the prevalence of ADHD among attorneys, it is imperative that the legal community gain a better understanding of how ADHD affects well-being, and that resources and strategies exist for attorneys with this disability to manage their symptoms and achieve success, say Casey Dixon at Dixon Life Coaching and Krista Larson at Stinson.

  • Attorneys, Law Schools Must Adapt To New Era Of Evidence

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    Technological advancements mean more direct evidence is being created than ever before, and attorneys as well as law schools must modify their methods to account for new challenges in how this evidence is collected and used to try cases, says Reuben Guttman at Guttman Buschner.

  • 1st Tax Easement Convictions Will Likely Embolden DOJ, IRS

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    After recent convictions in the first criminal tax fraud trial over allegedly abusive syndicated conservation easements, the IRS and U.S. Department of Justice will likely pursue other promoters for similar alleged conspiracies — though one acquittal may help attorneys better evaluate their clients' exposure, say Bill Curtis and Lauren DeSantis-Then at Polsinelli.

  • Tips For Litigating Against Pro Se Parties In Complex Disputes

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    Litigating against self-represented parties in complex cases can pose unique challenges for attorneys, but for the most part, it requires the same skills that are useful in other cases — from documenting everything to understanding one’s ethical duties, says Bryan Ketroser at Alto Litigation.

  • Anticipating Intensified Partnership Enforcement From IRS

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    The Internal Revenue Service's decadeslong difficulties with partnership audits led to the recent announcement of a clear, well-funded, focused initiative, and businesses operating in the partnership form will feel the impact, with definite changes ahead, says Sharon Katz-Pearlman at Greenberg Traurig.

  • Pro Bono Work Is Powerful Self-Help For Attorneys

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    Oct. 22-28 is Pro Bono Week, serving as a useful reminder that offering free legal help to the public can help attorneys expand their legal toolbox, forge community relationships and create human connections, despite the challenges of this kind of work, says Orlando Lopez at Culhane Meadows.

  • The Pop Culture Docket: Judge Espinosa On 'Lincoln Lawyer'

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    The murder trials in Netflix’s “The Lincoln Lawyer” illustrate the stark contrast between the ethical high ground that fosters and maintains the criminal justice system's integrity, and the ethical abyss that can undermine it, with an important reminder for all legal practitioners, say Judge Adam Espinosa and Andrew Howard at the Colorado 2nd Judicial District Court.

  • How And Why Your Firm Should Implement Fixed-Fee Billing

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    Amid rising burnout in the legal industry and client efforts to curtail spending, pivoting to a fixed-fee billing model may improve client-attorney relationships and offer lawyers financial, logistical and stress relief — while still maintaining profit margins, say Kevin Henderson and Eric Pacifici at SMB Law Group.

  • How Law Firms Can Use Account-Based Marketing Strategies

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    Amid several evolving legal industry trends, account-based marketing can help law firms uncover additional revenue-generating opportunities with existing clients, with key considerations ranging from data analytics to relationship building, say Jennifer Ramsey at stage LLC and consultant Gina Sponzilli.

  • Strategic Succession Planning At Law Firms Is Crucial

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    Senior partners' reluctance to retire, the rise of the nonequity partner tier and generational differences in expectations are all contributing to an increasing number of departures from BigLaw, making it imperative for firms to encourage retirement among senior ranks and provide clearer leadership pathways to junior attorneys, says Laura Leopard at Leopard Solutions.

  • Maximizing Law Firm Profitability In Uncertain Times

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    As threats of an economic downturn loom, firms can boost profits by embracing the power of bottom-line management and creating an ecosystem where strategic financial oversight and robust timekeeping practices meet evolved client relations, says Shireen Hilal at Maior Strategic Consulting.

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