International

  • March 27, 2024

    Irish Corp. Tax Revenue Growing, With Risks, Report Says

    While Ireland's corporate tax receipts increased an average of 23% a year since 2014 before stabilizing in 2023, the country should be wary of overrelying on what could be a volatile revenue source, the Parliamentary Budget Office said.

  • March 27, 2024

    VAT Applies To UK Insurer's Prior Service Pact, Court Rules

    Value-added taxes apply to performance fees invoiced to a U.K.-based insurance company by an investment management firm as part of service agreements, a London court said, because those payments occurred outside the duration of the arrangement.

  • March 27, 2024

    Chile Finance Ministry Plans Capital Gains, Dividend Taxes

    The Chilean Finance Ministry and representatives of the country's political parties crafted a proposal during a pre-legislative session that would introduce a 13% capital gains tax as well as a 7% tax on dividends, the ministry said.

  • March 26, 2024

    Adjusting To Amount B's Rules May Bring Growing Pains

    Countries designed a new tax framework known as Amount B to streamline the pricing of certain cross-border operations, but the criteria for determining whether transactions qualify for the regime, which negotiators recently made optional, may complicate the goal of simplicity.

  • March 26, 2024

    German Legislators OK Tax Changes That May Save $3.5B

    Tax changes in Germany will result in as much as €3.2 billion ($3.5 billion) in savings for taxpayers under a bill passed via a compromise in the country's bicameral legislature, its upper house said.

  • March 26, 2024

    Italians Bust €260M Fuel VAT Fraud Ring In Sting

    Authorities in Italy used a sting to bust a crime ring suspected of causing an estimated €260 million ($282 million) in value-added tax damages by using a chain of missing traders to import fuel, the European Public Prosecutor's Office said Tuesday.

  • March 26, 2024

    Ex-Glencore Exec Owes Income Tax On £150M In Dispersals

    Glencore's former head of oil is liable for income tax on nearly £150 million ($189 million) in distributions he received as a profit participation shareholder in the Jersey company because they're considered dividends under U.K. law, according to an Upper Tribunal decision.

  • March 26, 2024

    US EV Subsidies Discriminatory, China Tells WTO

    Domestic production rules for U.S. electric vehicles to qualify for subsidies under the Inflation Reduction Act are discriminatory, the Chinese Ministry of Commerce said Tuesday, announcing it had filed a complaint with the World Trade Organization.

  • March 26, 2024

    Decision Postponed On EU Withholding Tax Proposal

    An attempt by European Union finance ministers to agree on a new withholding tax refund law has been postponed from their meeting on April 12, an agenda published Tuesday showed.

  • March 25, 2024

    Philippines Plastic Bag Tax Would Generate $560M, Gov't Says

    A proposed weight-based tax on single-use plastic bags would catch the Philippines up with major economies and generate an estimated 31.52 billion Philippine pesos ($560 million) in its first three years, the country's Department of Finance said Monday.

  • March 25, 2024

    Nigeria Charges Binance With Tax Evasion, Says Exec Fled

    Nigeria's tax authority filed criminal tax evasion charges against Binance, one of the world's largest cryptocurrency exchanges, and two of its executives, one of whom escaped custody Monday, according to state-owned media.

  • March 25, 2024

    €92M Cross-Border Fuel VAT Fraud Case Under Investigation

    Authorities are investigating three Italian citizens based around the world for their roles in a value-added tax fraud scheme involving oil sales that led to an estimated €92 million ($99.7 million) in damages, the European Public Prosecutor's Office said Monday.

  • March 25, 2024

    Offshore Payments Aren't Taxable Services, UK Court Rules

    Two U.K. residents aren't liable for taxes tied to certain payments from an affiliated offshore company to a third-party foreign corporation, a British appeals court ruled Monday, finding the underlying transactions didn't amount to services that would trigger taxation.

  • March 25, 2024

    EU Court Asked To Rule On VAT On Transfer Pricing Payment

    A Romanian appellate court asked the European Union's Court of Justice to rule on whether payments to a Belgian parent company from a Romanian associated company to align profits under OECD transfer pricing guidelines fall within the scope of value-added tax, a document published Monday showed.

  • March 25, 2024

    PwC Australia Hires New Chief People Officer Amid Scandal

    PwC Australia hired a new chief people officer as part of the firm's plan to rebuild trust following its scandal involving the leak of Australian government documents, the firm announced Monday.

  • March 25, 2024

    EU Report Praises Dutch Efforts To Stop Tax Avoidance

    Recent efforts in the Netherlands to tackle corporate tax avoidance are working, according to a report from the European Commission published Monday, which added that a new measure taking effect this year would help make the Netherlands less attractive for tax avoidance practices. 

  • March 22, 2024

    Businessman Indicted Over Hiding Of $20M In Swiss Accounts

    A Brazilian-American businessman accused by the government in a criminal complaint of hiding $20 million from the Internal Revenue Service over 35 years by using Swiss bank accounts was indicted by a federal grand jury in Miami and charged with tax evasion, according to a Florida federal court.

  • March 22, 2024

    UN Needs To Clarify Path For Tax Framework, Dutch Say

    The United Nations' ad hoc committee tasked with determining a global tax framework must clarify the goals of its project "as soon as possible," the Netherlands' government said in a letter that included suggestions on how the body could proceed.

  • March 22, 2024

    Holland & Knight Hires Caplin & Drysdale Member In DC

    Holland & Knight LLP has boosted its Washington-based tax team, hiring a Caplin & Drysdale Chtd. member who first joined his former firm 25 years ago from the U.S. Department of the Treasury.

  • March 22, 2024

    EU Leaders OK Sending Russian Assets' Revenue To Ukraine

    European Union leaders expressed support for a proposal to transfer the net income from frozen and immobilized Russian state assets to EU funds for rebuilding Ukraine and buying arms for that country, according to a statement issued Friday.

  • March 22, 2024

    UK Tax Avoidance Scheme Promoter Fined £900K

    A Liverpool-based company that promoted a tax avoidance scheme to medical professionals must pay a £900,000 ($1.1 million) penalty, according to a tribunal ruling published by HM Revenue and Customs on Friday.

  • March 22, 2024

    US Unlikely To Move On Hungary Tax Treaty, Official Says

    Hungary's low corporate tax rate and other policies will likely prevent the U.S. government from resuming negotiations on a stalled 2010 tax treaty after terminating its existing Hungarian treaty in early 2023, an IRS official said Friday.

  • March 22, 2024

    UK Seeking Feedback On 2027 Carbon Border Tax Plan

    HM Revenue & Customs and HM Treasury are seeking feedback on the U.K.'s plan to introduce a carbon border tax on certain carbon-intensive imports by 2027.

  • March 22, 2024

    EU Leaders Seek Limited Tax Revamp To Boost Capital Market

    European Union leaders urged all bloc policymakers Friday to pursue a plan to improve business financing, including a targeted makeover of the tax systems in the member countries regarding corporate taxes, capital gains and tax breaks for interest payments.

  • March 21, 2024

    Treasury Hoping Pillar 2 Guidance Favors R&D Tax Credits

    The U.S. Treasury Department is looking for future administrative guidance on the international minimum tax agreement known as Pillar Two to give favorable treatment to U.S. research and development tax credits, but it will likely come with guardrails, a Treasury official said Thursday.

Expert Analysis

  • 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.

  • 5th Circ. Ruling Reminds Attys That CBP Can Search Devices

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    The Fifth Circuit’s recent Malik v. Department of Homeland Security decision adds to the chorus of federal courts holding that border agents don’t need a warrant to search travelers’ electronic devices, so attorneys should consider certain special precautions to secure privileged information when reentering the U.S., says Jennifer Freel at Jackson Walker.

  • Enforcement Of International Tax Reporting Is Heating Up

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    Since the U.S. Supreme Court’s February decision in Bittner v. U.S. changed how penalties for failure to report offshore accounts are calculated, recent developments suggest the government is preparing to step up enforcement and vigorously pursue the collection of resulting penalties, say Daniel Silva and Agustin Ceballos at Buchalter.

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