International

  • May 30, 2024

    Freeze On UK Tax Thresholds Set To Expire in 2028, Hunt Says

    Chancellor Jeremy Hunt said on Thursday that the freeze on income tax thresholds will continue until 2028, despite promises by the Conservative government to reduce the overall taxation burden in the future.

  • May 30, 2024

    Italian Rules On Internet Companies Unlawful, ECJ Finds

    Amazon, Google, Airbnb and other internet companies have won their fight against a law requiring them to provide Italian authorities with information about their operations as the European Union's highest court ruled Thursday that the obligation breaches of the bloc's rules.

  • May 29, 2024

    Irish Court Denies $19.2M Tax Payment To Australia

    The Australian Taxation Office lost a bid to have a now-liquidated Australian investment company repay a AU$29 million ($19.2 million) tax debt after an Irish court determined the payment should instead go to a lender.

  • May 29, 2024

    Colombian Court Affirms Fossil Fuel Tax Break Must Stay

    The Constitutional Court of Colombia affirmed its decision to strike down a law denying fossil fuel companies the ability to offset corporate income tax liabilities with deductions for royalty payments despite a severe impact to public finances, the country's president said.

  • May 29, 2024

    Baker McKenzie Grows Tax Practice With Ex-KPMG Adviser

    Baker McKenzie announced the hiring of an experienced Chicago-based tax adviser as a principal who most recently spent sixteen and a half years at Big Four accounting firm KPMG.

  • May 29, 2024

    Belgium Opens Pillar 2 Mandatory Reporting Form

    Belgium's finance ministry opened Wednesday its mandatory notification system for entities in scope of its implementation of the Organization for Economic Cooperation and Development's global corporate minimum tax known as Pillar Two, starting a 45-day clock for such companies to register.

  • May 29, 2024

    Next UK Gov't Should Invest In Tax System, Pros Say

    Improving the administration of the U.K. tax system should be a focus of the country's next government if it hopes to improve economic growth, a group representing tax professionals said, laying out issues that need to be addressed.

  • May 29, 2024

    IMF Report Suggests Germany Should Increase Taxes

    Germany could consider increasing taxes to help pay for needed expenditures, an International Monetary Fund report said, adding that this would be a necessary complement to a more generous fiscal policy.

  • May 29, 2024

    Three EU Countries Urge Tax Reform To Boost Investment

    Three smaller European Union countries, Austria, Croatia and Slovenia, are backing tax reforms in the 27-country bloc to support investment in capital markets, including exemptions from capital gains tax for long-term retail investment products, according to a joint declaration.

  • May 28, 2024

    Lithuania Seeks CJEU Ruling On Gaming Co.'s $1.1M Tax Bill

    Lithuanian tax authorities have asked the Court of Justice of the European Union whether the past economic justification for a video game company's structure allows it to avoid €1 million ($1.1 million) in tax payments, according to court documents.

  • May 28, 2024

    Mich. Doctor Denied Release From Contempt In FBAR Fight

    A Michigan doctor will stay jailed for civil contempt after a federal judge found Tuesday that he failed to back up claims that he cannot pay his more than $1 million in foreign bank account reporting penalties due to a bank's bankruptcy and his criminal history.

  • May 28, 2024

    Global Tax Body Provides Crypto Risk Assessment Red Flags

    The Internal Revenue Service and four international tax authorities issued an advisory to financial institutions on the dangers of cryptocurrency in relation to tax evasion, money laundering and other illicit activities, identifying certain risk factors worth their attention.

  • May 28, 2024

    Tax Lawyer Rejoins Mayer Brown In DC From Latham

    Mayer Brown LLP has rehired a tax partner from Latham & Watkins LLP, who joins the firm in Washington, D.C., to continue working with clients to best utilize renewable energy tax credits, the firm announced Tuesday.

  • May 28, 2024

    OECD Issues Voluntary Disclosure Program Guidance

    The Organization for Economic Cooperation and Development issued guidance for tax administrations that are considering implementing voluntary disclosure programs before adopting the group's automatic information exchange standards.

  • May 28, 2024

    Moldova Joins OECD Fight Against Tax Avoidance

    Moldova has joined the more than 140 jurisdictions looking to rein in tax base erosion and has committed to instituting changes in line with the Organization for Economic Cooperation and Development's anti-tax avoidance standards, the organization said in a news release Tuesday.

  • May 28, 2024

    9th Circ. Won't Touch IRS Bid For Tax Liability On Bookie

    A bookie who pled guilty to helping run an illegal sports gambling ring out of Peru can't escape his ensuing $100,000 tax liability under a Ninth Circuit ruling that declined to expunge his conviction after he argued the taxes are disproportionately punishing.

  • May 28, 2024

    EU Needs Boost From New Incomes, Say Macron, Scholz

    France and Germany want the European Union to find new revenue sources for the common EU budget, possibly from new taxes, to finance investments in joint projects, leaders of both countries said Tuesday. 

  • May 28, 2024

    Greenberg Traurig Adds Tax Pro From MoFo In London

    Greenberg Traurig LLP added to its deep bench of legal talent by recruiting a tax partner from Morrison & Foerster to join the firm's London office and co-chair its tax practice, the firm said.

  • May 28, 2024

    Labour Party Rules Out Any Additional Tax Rises

    The Labour Party on Tuesday ruled out introducing any more tax rises in addition to measures it has already announced in the event it wins the July 4 general election.

  • May 28, 2024

    Lithuania Says Pillar 2 To Take Effect In July

    Lithuania's law implementing the global minimum corporate tax known as Pillar Two, which aims to ensure large multinationals pay at least 15% tax, is expected to take effect in July, the country's Finance Ministry said Tuesday.

  • May 27, 2024

    G7 Moves Toward Using Frozen Russian Assets For Ukraine

    Finance ministers from the Group of Seven countries made progress over the weekend on agreeing how to use profits from frozen and immobilized Russian state assets to support Ukraine's war against Russia, although European members had doubts about the arrangement.

  • May 27, 2024

    EU Flags 6 Countries For Failures On Transparency Law

    The European Commission flagged six countries for deficiencies in its implementation of an EU law requiring some companies to publish their tax data, the EU's executive said in a news release. 

  • May 27, 2024

    Fiji Joins International Framework Against Tax Avoidance

    Fiji joined an international group of jurisdictions aiming to stop tax avoidance, the Organization for Economic Cooperation and Development said Monday, adding that the country would participate in the two-pillar solution to change tax rules for large multinational companies.

  • May 24, 2024

    Court Upholds Limit To Award In Ecopetrol, Texas Co. Dispute

    An arbitration tribunal was within its authority to limit the number of years and the amount that a Houston-based oil company had to reimburse Colombia's state-owned entity, Ecopetrol, for the value-added tax liability of a subsidiary while owned by the company, a New York federal judge determined.

  • May 24, 2024

    CohnReznick Adds Tax Planning Partner From Mazars

    CohnReznick LLP added a top accountant and tax partner from Mazars USA LLP to its roster of tax professionals, the firm announced.

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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