International
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April 10, 2025
Dechert Tax Pro Jumps To Whiteford In NY
Whiteford Taylor & Preston LLC has added an experienced transactional tax attorney from Dechert LLP as a partner to its practice in New York, the firm announced.
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April 10, 2025
Germany Forms New Gov't With Plans To Cut Corporate Taxes
German political parties the Christian Democrats and the Social Democrats reached a coalition government agreement, including terms for corporate tax cuts and support for the global minimum corporate tax rate.
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April 10, 2025
EU, UAE Begin Talks On Free Trade Deal For Goods, Services
The European Union and United Arab Emirates have started negotiations on a free trade agreement focused on liberalizing trade in goods, services and cross-border investment, the European Commission said.
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April 10, 2025
Vietnam, US Begin Trade Deal Negotiations, Hanoi Says
Vietnam and the United States have started negotiations on a trade deal after the Vietnamese government said it was prepared to eliminate all tariffs on U.S. goods, Hanoi said Thursday.
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April 10, 2025
EU Delays Tariffs After Trump's 90-Day Hold
The European Union will delay tariffs on U.S. goods following President Donald Trump's decision to hold off on imposing them on European goods for 90 days, the president of the European Commission said Thursday.
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April 10, 2025
Norway Moves Toward Allowing Cities To Charge Tourism Tax
Norwegian municipalities would be allowed to introduce a 3% tax on all forms of paid accommodations, including rental services such as Airbnb, under a draft proposal Thursday that would establish what the government called a visitor contribution.
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April 09, 2025
Trump Halts Reciprocal Tariffs For 90 Days, Ups China Rates
President Donald Trump has ordered a 90-day pause on reciprocal tariffs for certain countries hours after they took effect, except for China, whose imports he said now face an increased tariff of 125%, according to a Wednesday social media post.
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April 09, 2025
IRS Acting Chief To Stay On Through Mid-May, Treasury Says
The Internal Revenue Service's interim leader, Melanie Krause, will stay at her post through May 15, the U.S. Treasury Department said Wednesday, after she and other officials reportedly said they would resign following an IRS agreement to share taxpayer information with immigration enforcement agencies.
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April 09, 2025
Canada Retaliates With 25% Tariffs On US Cars And Parts
Canada began slapping 25% tariffs on American cars and parts Wednesday as retaliation against tariffs on Canadian products implemented by President Donald Trump, the country's Department of Finance announced.
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April 09, 2025
Eaton Asks To Redact Docs Before Court Review Of Tax Case
Multinational power company Eaton Corp. asked an Ohio district court to allow it to redact information related to employees' sexual orientation and religious beliefs before the court's Sixth Circuit-ordered review of their records, saying such information isn't relevant to its transfer pricing dispute.
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April 09, 2025
EU Votes To Hike Levies In Response To US Metal Tariffs
The European Union approved raising tariffs on U.S. goods in response to President Donald Trump's tariffs on steel and aluminum imposed in March, although the bloc has not yet made public the final list of products affected.
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April 09, 2025
US Tariffs Threaten Global Growth, Bank Of England Says
The U.S. government's tariff policy has created intense uncertainty for global trade and has increased risks to economic growth around the world, the Bank of England warned Wednesday.
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April 08, 2025
Feds Call Exec Charged With Tax Evasion A Flight Risk
An aerospace company founder facing tax evasion and other fraud charges should remain in pretrial detention because he's a major flight risk, prosecutors told a D.C. federal court.
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April 08, 2025
Poland To Consider Updates To Global Minimum Tax
Poland's Legislature will consider adopting administrative guidance for its implementation of the Organization for Economic Cooperation and Development's global corporate minimum tax later this year, according to an administrative agenda.
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April 08, 2025
South Korea Readies Steps For Responding To US Tariffs
South Korea will monitor other countries' responses to tariffs, try to negotiate with the U.S. and prepare to roll out measures to shore up its domestic industries in reaction to President Donald Trump's 25% tariffs on goods from the country, its finance ministry said Tuesday.
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April 08, 2025
Hughes Hubbard Expands Finance Practice With Tax Expert
Hughes Hubbard & Reed LLP announced it is expanding the firm's project finance practice by adding a former Norton Rose Fulbright attorney with a background in tax law to its Washington, D.C., office.
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April 08, 2025
IRS Acting Chief To Depart Amid ICE Info Sharing Deal
The Internal Revenue Service's acting commissioner Melanie Krause plans to step down, the White House confirmed Tuesday, after the agency struck an agreement with immigration enforcement authorities to share taxpayer records of non-U.S. citizens under criminal investigation.
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April 08, 2025
HMRC Beats Locum Doctor's Employee Tax Status Appeal
A U.K. tribunal has upheld a decision that a locum urologist's contract with a hospital qualifies as employment for tax and national insurance purposes, despite an earlier decision misconstruing the nature of the arrangement.
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April 08, 2025
EU Urges China To Respond Cautiously To US Tariffs
European Commission President Ursula von der Leyen urged China on Tuesday to seek a negotiated solution to the tariffs imposed on Chinese goods by the U.S. administration, according to a statement by her office.
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April 08, 2025
Clarity Needed For Public Tax Reporting Rules, Australia Told
The National Foreign Trade Council urged the Australian government Tuesday to clarify exemptions for the country's new public corporate tax disclosure legislation, arguing it is otherwise difficult for companies to predict whether they are eligible for a carveout.
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April 07, 2025
Minn. Justices Quiz DuPont On Currency Hedge In Tax Row
Minnesota Supreme Court justices pressed DuPont on Monday on its argument that the state revenue commissioner should have considered the gross receipts from currency hedging activities when determining the company's income apportionable to the state.
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April 07, 2025
Trump Threatens Triple-Digit Tariff Rates If China Retaliates
President Donald Trump on Monday threatened an additional 50% tariff on Chinese imports entering the U.S., which would drive the total rate above 100%, if Beijing follows through on the retaliatory tariffs announced last week in response to Trump's reciprocal plan.
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April 07, 2025
Poland Uncovers Improper $12M VAT Refund For Foreign Co.
A Polish e-commerce company was wrongly granted a 46 million Polish zloty ($11.7 million) value-added tax refund, the country's revenue agency said Monday, announcing it had discovered the company's claimed economic activity was actually being conducted by an unregistered foreign company.
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April 07, 2025
TCJA Designer Tapped For Key Policy Role At Treasury
An architect of the 2017 federal tax overhaul has been picked to serve as assistant secretary for legislative affairs at the U.S. Treasury Department, Treasury Secretary Scott Bessent said in announcing several appointments at the agency.
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April 07, 2025
UK Tax Pros Seek Input On Updated Qualifications
A group representing U.K. tax professionals is looking for feedback on its plans to modernize its academic entry requirements for those seeking to be deemed a chartered tax adviser, which includes making sure individuals are up-to-date on digitalization efforts, the organization said Monday.
Expert Analysis
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Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example
Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.
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Accountant-Owned Law Firms Could Blur Ethical Lines
KPMG’s recent application to open a legal practice in Arizona represents the first overture by an accounting firm to take advantage of the state’s relaxed law firm ownership rules, but enforcing and supervising the practice of law by nonattorneys could prove particularly challenging, says Seth Laver at Goldberg Segalla.
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AI Will Soon Transform The E-Discovery Industrial Complex
Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery paradigm, replacing the blunt instrument of data handling with a laser scalpel of fully integrated enterprise solutions — after first making e-discovery processes technically and legally harder.
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Unpacking The Legal Foundation Of Trump's New Trade War
President Donald Trump's recent executive orders and proclamations regarding emergencies at the U.S. border are based on statutory powers enabling a president to address extraordinary external threats — and could be used to fend off legal challenges to the tariffs levied on Mexican and Canadian goods, says Chris Zona at Mandelbaum Barrett.
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When Innovation Overwhelms The Rule Of Law
In an era where technology is rapidly evolving and artificial intelligence is seemingly everywhere, it’s worth asking if the law — both substantive precedent and procedural rules — can keep up with the light speed of innovation, says Reuben Guttman at Guttman Buschner.
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Imagine The Possibilities Of Openly Autistic Lawyering
Andi Mazingo at Lumen Law, who was diagnosed with autism about midway through her career, discusses how the legal profession can create inclusive workplaces that empower openly autistic lawyers and enhance innovation, and how neurodivergent attorneys can navigate the challenges and opportunities that come with disclosing one’s diagnosis.
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Litigation Funding Disclosure Debate: Strategy Considerations
In the ongoing debate over whether courts should require disclosure of litigation funding, funders and plaintiffs tend to argue against such mandates, but voluntarily disclosing limited details about a funding arrangement can actually confer certain benefits to plaintiffs in some scenarios, say Andrew Stulce and Marc Cavan at Longford Capital.
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5 Ways To Create Effective Mock Assignments For Associates
In order to effectively develop associates’ critical thinking skills, firms should design mock assignments that contain a few key ingredients, from messy fact patterns to actionable feedback, says Abdi Shayesteh at AltaClaro.
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Mentorship Resolutions For The New Year
Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR.
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Tax Directive Marks Milestone In Harmonizing EU System
The Council of the European Union’s recently adopted tax directive is a significant step toward streamlining and modernizing procedures for member states, and will greatly reduce administrative burden and compliance costs for cross-border investors, says Martin Phelan at Simmons & Simmons.
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5 Litigation Funding Trends To Note In 2025
Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.
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Rethinking Litigation Risk And What It Really Means To Win
Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.
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Small Biz Caught In Corporate Transparency Act Crossfire
Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.