International

  • February 22, 2024

    Gang Jailed For 'Industrial Scale' Money Laundering Operation

    Four members of a gang that sent £26 million ($33 million) in dirty money to Dubai by depositing illegal cash at banks have been jailed for a combined 22 years, the U.K.'s tax authority said Thursday.

  • February 22, 2024

    Malta's Used Car Tax Breaches Law, Top EU Court Rules

    Malta is breaking EU law when it charges a higher annual tax for used cars bought in other countries in the bloc and brought to the island state, the European Court of Justice said in a judgment issued Thursday. 

  • February 22, 2024

    EU Parliament Committee Wants Transfer Pricing Law Sooner

    A committee of the European Parliament said Thursday that it wants proposed new transfer pricing rules to enter into force one year earlier than currently planned.

  • February 21, 2024

    Developing Countries Favor Majority Voting At UN Tax Group

    The United Nations General Assembly's simple majority voting rules should continue to apply in a steering committee to draft rules, procedures and possibly goals for a framework convention on global tax cooperation, although governments should still pursue consensus, diplomats from many developing countries said Wednesday.

  • February 21, 2024

    EU Commission Not Planning To Harmonize Plastic Taxes

    While some European Union member countries have implemented plastic waste taxes to fund a mandated EU budget contribution that is based on the volume of nonrecycled plastic packaging material, there is no current plan to harmonize these taxes, an EU official said.

  • February 21, 2024

    Dentons Adds Tax Partner From LCA For Milan Office

    Dentons has recruited a tax specialist from LCA to become a partner based in Milan, the firm announced Wednesday.

  • February 21, 2024

    3 Arrested In Suspected €70M Car VAT Fraud

    Three people were arrested in Germany in a suspected fraud scheme involving car sales that cheated authorities out of over €70 million ($75.7 million) in value-added tax, the European Public Prosecutor's Office said Wednesday.

  • February 21, 2024

    South Africa Moving Forward With Global Minimum Tax

    South Africa is seeking public input on a draft bill to implement the Organization for Economic Cooperation and Development's global corporate minimum tax rate, the country's finance minister announced Wednesday.

  • February 21, 2024

    EU Fund Leads To 70 Tax Overhauls In 27 Countries

    The 27 countries of the European Union have introduced 70 policy overhauls and 11 investment schemes in the tax area over the past three years, thanks to the EU's giant fund for economic recovery, the European Commission said Wednesday.

  • February 21, 2024

    IRS Seeks Comment On Taxable Substances List Additions

    The Internal Revenue Service asked for feedback Wednesday on the potential addition of two substances to the Internal Revenue Code's list of taxable substances.

  • February 21, 2024

    Swiss Senate Committee Rejects Tonnage Tax

    A committee of the upper house of the Swiss Parliament has dismissed a proposal to introduce a tonnage tax in the country, the Parliament has said in a statement.

  • February 20, 2024

    Wealthy Nations Want Consensus Voting At UN Tax Group

    The United Nations General Assembly's committee for drafting the rules and goals of an international tax convention should make decisions by consensus rather than following the assembly's simple majority voting rules, governments from wealthy countries said Tuesday.

  • February 20, 2024

    Japan, Ukraine Sign Double-Tax Treaty

    Japan and Ukraine signed a new convention to prevent double taxation and tax evasion, which would replace an old treaty between Japan and the Soviet Union, Japan's Ministry of Finance announced.

  • February 20, 2024

    Isle Of Man Floats Tax Hike As Bridge To Pillar 2 Adoption

    The Isle of Man's proposed 2024 budget would increase the income tax rate on banking businesses and large retailers whose profits would be subject to the Organization for Economic Cooperation and Development's global minimum tax, the island's treasury minister said Tuesday.

  • February 20, 2024

    Kirkland & Ellis Brings On Weil Tax Pros In NY, DC

    Kirkland & Ellis has recruited a pair of real estate tax partners from Weil Gotshal & Manges LLC who advised clients on a wide range of complex transactions, Kirkland announced Tuesday.

  • February 20, 2024

    HMRC's Civil Tax Avoidance Case Investigations Fall By Half

    HM Revenue & Customs investigated nearly half as many potential civil tax avoidance cases in the 2022-23 tax year as it did in 2018-19, including an even bigger drop in cases opened by its team investigating offshore, corporate and wealthy taxpayers, two local news agencies said.

  • February 20, 2024

    Czech Republic Launching R&D Credit Certainty Pilot Program

    The Czech Republic is launching a pilot collaboration between its finance administration and science agencies in hopes of making the value of research and development credits available to Czech companies more predictable, a pair of government bodies said Tuesday.

  • February 20, 2024

    EU Drops 4 Jurisdictions From Tax Haven Blacklist

    The European Union removed four jurisdictions Tuesday from its list of noncooperative jurisdictions for tax purposes, the Council of the EU announced, saying the jurisdictions had either resolved their deficiencies or were waiting for a review of improvements made.

  • February 20, 2024

    Swiss Seen Turning To Credits, Subsidies As Pillar 2 Begins

    Switzerland is expected to turn to the use of subsidies and tax credits to try to keep business in the country as its ability to compete on tax rates is curtailed by the introduction of the global minimum tax.

  • February 19, 2024

    Barrister Disbarred For Pocketing £149K In VAT Payments

    A barrister was ordered to be disbarred on Monday after he admitted to receiving value-added tax on his professional fees despite not being registered for it, with a tribunal saying he acted dishonestly and that his behavior amounted to "serious misconduct."

  • February 19, 2024

    OECD Presents Simplified Amount B Transfer Pricing Rules

    The international negotiating body working on fundamental changes to corporate tax law presented a new approach to simplifying the application of transfer pricing rules on Monday, the Organization of Economic Cooperation and Development said.

  • February 16, 2024

    Manufacturers Back 3M In 8th Circ. Transfer Pricing Case

    The National Association of Manufacturers joined the chorus of business groups supporting 3M, asking the Eighth Circuit to throw out transfer pricing regulations that allow the Internal Revenue Service to reallocate income to U.S. group members even when foreign laws prohibit outbound payments.

  • February 16, 2024

    Medtronic Urges 8th Circ. To Undo Transfer Pricing Ruling

    Medical device company Medtronic asked the Eighth Circuit on Friday to overturn a decision rejecting its pricing method for licensing intellectual property to its Puerto Rican affiliate, saying in the long-running case that Medtronic hadn't used the intercompany arrangement to underreport its income.

  • February 16, 2024

    Low Revenue May Drive US To Rethink Anti-Erosion Tax

    The base erosion and anti-abuse tax has been relatively easy to avoid without significant legal risk, tax professionals told Law360, a result that may prompt lawmakers to consider revising or replacing the provision as other major parts of the Tax Cuts and Jobs Act expire at the end of 2025.

  • February 16, 2024

    4 Arrested In Suspected €10M Italian VAT Fraud Scheme

    Italian authorities arrested four people as part of an investigation into what the European Public Prosecutor's Office said Friday was a €10 million ($10.7 million) value-added tax fraud scheme involving the sale of tires.

Expert Analysis

  • The Pop Culture Docket: Judge D'Emic On Moby Grape

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    The 1968 Moby Grape song "Murder in My Heart for the Judge" tells the tale of a fictional defendant treated with scorn by the judge, illustrating how much the legal system has evolved in the past 50 years, largely due to problem-solving courts and the principles of procedural justice, says Kings County Supreme Court Administrative Judge Matthew D'Emic.

  • Breaking Down High Court's New Code Of Conduct

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    The U.S. Supreme Court recently adopted its first-ever code of conduct, and counsel will need to work closely with clients in navigating its provisions, from gift-giving to recusal bids, say Phillip Gordon and Mateo Forero at Holtzman Vogel.

  • Legal Profession Gender Parity Requires Equal Parental Leave

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    To truly foster equity in the legal profession and to promote attorney retention, workplaces need to better support all parents, regardless of gender — starting by offering equal and robust parental leave to both birthing and non-birthing parents, says Ali Spindler at Irwin Fritchie.

  • A Year-End Look At Florida's Capital Investment Tax Credit

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    Notwithstanding the Walt Disney Co.’s feud with Gov. Ron DeSantis this year, Florida's capital investment tax credit will continue to make the state a favored destination for large corporations, particularly in light of the new federal alternative minimum tax and the Pillar Two top-up tax, says Alan Lederman at Gunster.

  • Understanding Discovery Obligations In Era Of Generative AI

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    Attorneys and businesses must adapt to the unique discovery challenges presented by generative artificial intelligence, such as chatbot content and prompts, while upholding the principles of fairness, transparency and compliance with legal obligations in federal civil litigation, say attorneys at King & Spalding.

  • The Case For Post-Bar Clerk Training Programs At Law Firms

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    In today's competitive legal hiring market, an intentionally designed training program for law school graduates awaiting bar admission can be an effective way of creating a pipeline of qualified candidates, says Brent Daub at Gilson Daub.

  • AI Can Help Lawyers Overcome The Programming Barrier

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    Legal professionals without programming expertise can use generative artificial intelligence to harness the power of automation and other technology solutions to streamline their work, without the steep learning curve traditionally associated with coding, says George Zalepa at Greenberg Traurig.

  • Preparing Law Students For A New, AI-Assisted Legal World

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    As artificial intelligence rapidly transforms the legal landscape, law schools must integrate technology and curricula that address AI’s innate challenges — from ethics to data security — to help students stay ahead of the curve, say Daniel Garrie at Law & Forensics, Ryan Abbott at JAMS and Karen Silverman at Cantellus Group.

  • 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.

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