International

  • January 10, 2025

    CMS Taps Tax Disputes Specialist From KPMG

    CMS announced that it has appointed a former KPMG director as a partner in its London-based tax practice.

  • January 10, 2025

    Broker Arian Hit With Fine For Cum-Ex Trade Failings

    The finance watchdog said Friday that it has fined broker Arian Financial LLP £289,000 ($354,000) for having inadequate systems and controls against financial crime in a cum-ex dividend trading case.

  • January 09, 2025

    EisnerAmper Adds Tax Pro As Partner In Dallas

    International business adviser EisnerAmper LLC announced it appointed a certified public accountant from Citrin Cooperman Advisors LLC to serve as a tax partner in the firm's private client services group based in Dallas.

  • January 09, 2025

    Sri Lanka Publishes Advance Pricing Agreement Guidance

    Sri Lanka's Inland Revenue Department published guidance for those interested in entering advance pricing agreements, including eligibility requirements and the steps of the confirmation process.

  • January 09, 2025

    UK Supermarkets Fear Higher Costs Amid Tax Changes

    Supermarket companies Marks & Spencer and Tesco reported Thursday that they had high sales figures due to Christmas, but both retailers also said they expect to face higher tax costs in 2025 due to changes to National Insurance, a payroll tax used to fund social programs.

  • January 09, 2025

    Chile Voluntary Disclosure Program Hits Just 15% Of Estimate

    A Chilean program that allowed for the voluntary disclosure of foreign assets in exchange for a favorable tax rate collected just 92.5 billion Chilean pesos ($92.1 million), which was 15.6% of the projected total, the country's tax authority said.

  • January 09, 2025

    Truss Sends Starmer Legal Threat Over Economy Crash Claim

    Former Prime Minister Liz Truss sent a legal letter to Keir Starmer on Thursday demanding that he stop making "false and defamatory" statements that she crashed the economy, claiming that it is damaging her reputation.

  • January 08, 2025

    Pension Plan Official's Estate Excused From Danish Tax Suit

    A New York federal court approved Wednesday an agreement for Denmark's tax authority to settle its claims against the estate of a pension plan official whose plan allegedly defrauded the agency out of $9 million.

  • January 08, 2025

    Bank Misclassified Card Fee Revenue, Canada Tax Court Says

    A major Canadian bank must reclassify about CA$392 million ($273 million) in revenue from credit card services in the calculation of its taxes, reducing credits it can claim for three years, the Tax Court of Canada ruled.

  • January 08, 2025

    UK Accounting Firm Adds Tax Partner To Office

    U.K. accounting firm Martin and Co., a part of the Shaw Gibbs LLP group, has appointed a tax expert from Evelyn Partners as a tax partner to its Winchester office.

  • January 08, 2025

    US, Swiss To Give Retirement Plans Lower Dividend Tax Rates

    The Swiss and U.S. competent authorities agreed to provide lower tax rates on dividends for several types of retirement entities such as trusts that run pensions, qualified annuity plans and individual plans under the two countries' tax treaty, the Swiss government said Wednesday.

  • January 08, 2025

    NY Bill Aims To Increase Tax On GILTI, Raise Top Biz Tax Rate

    New York would reduce the amount of global intangible low-taxed income that is exempt from state tax and nearly double the top corporation franchise tax rate under a bill filed Wednesday in the state Senate.

  • January 08, 2025

    Hong Kong Considering OECD Minimum Tax Bill

    Hong Kong would carry out the Organization for Economic Cooperation and Development's 15% global corporate minimum tax for large multinational entities under a legislative bill introduced Wednesday.

  • January 08, 2025

    Kenya Ratifies OECD Tax Treaty Standards

    Kenya ratified the Organization for Economic Cooperation and Development's multilateral convention on base erosion and profit shifting, which updates bilateral tax treaties of its signatories with agreed-upon standards, the OECD said Wednesday.

  • January 07, 2025

    Canada To Keep Collecting New Gains Tax Amid Halt In Gov't

    Canada's tax authority will continue collections of capital gains tax that reflect proposed changes to the levy despite a suspension of Parliament that will hold up the proposal for months, the country's Department of Finance said Tuesday.

  • January 07, 2025

    Detroit Settles Protracted Tax Fight Over Holding Co.'s Gain

    Detroit reached a tentative settlement in a long-running tax assessment dispute stemming from a holding company's gain from selling stock in a Canadian tobacco testing company, the city said in a court filing Tuesday.

  • January 07, 2025

    30 Arrested In Connection With €17M Luxury Car VAT Fraud

    Authorities arrested 30 people after an investigation in Spain and Germany into a €17 million ($17.6 million) value-added tax fraud involving the international trade of luxury cars, the European Public Prosecutor's Office said Tuesday.

  • January 07, 2025

    Baker McKenzie Adds Tax Partners In California And New York

    Baker McKenzie is fortifying its tax practice by hiring a partner in San Francisco with experience in planning tax positions and handling controversies for technology-driven companies and rehiring another in New York who is skilled at state taxes and journalism.

  • January 07, 2025

    Oman Implements Global Minimum Tax

    Large multinational entities making over €750 million ($777 million) annually are now subject to the Organization for Economic Cooperation and Development's 15% corporate global minimum income tax in Oman after the country implemented two portions of the group's standards.

  • January 06, 2025

    Apple Tax Ruling Fuels Most Of Ireland's €12.8B Surplus

    Ireland recorded a €12.8 billion ($13.3 billion) budget surplus in 2024, though all but €1.8 billion of that revenue was the result of the European Union's highest court ordering Apple to repay billions in back taxes and interest, the country's Department of Finance said Monday.

  • January 06, 2025

    Tax Whistleblower Urges High Court To Review $690M Claim

    A whistleblower is asking the U.S. Supreme Court to review his claim for up to $690 million as his share of the $2.3 billion recovered through Internal Revenue Service investigations that he said resulted from his cooperation.

  • January 06, 2025

    Proskauer Adds New Funds Partners In NY, DC

    Proskauer Rose LLP announced Monday it has rung in the new year by adding two new partners to its private funds group, with the addition of a tax expert from Schulte Roth & Zabel LLP in New York and a regulatory specialist from the SEC in Washington, D.C.

  • January 06, 2025

    Indian Accountants Push For Simplified Tax Code

    India should simplify its process for determining the resident status of individuals for tax purposes, a group representing Indian accountants said, offering suggestions in response to the government's call for feedback on how to improve its income tax code.

  • January 06, 2025

    US Wants More Time To Counter Altria's $106M Tax Refund Bid

    Tobacco giant Altria's complaint seeking a $106 million tax refund related to its interests in beverage company Anheuser-Busch requires more research to counter in the event a Virginia federal court decides it can move forward, the U.S. government said in requesting time for potential discovery.

  • January 06, 2025

    France's New Finance Minister Hints At Capital Gains Hike

    The newly formed French government is open to raising the capital gains tax as part of concessions in talks to settle the country's budget for 2025, the finance minister said Monday.

Expert Analysis

  • Judicial Committee Best Venue For Litigation Funding Rules

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    The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital.

  • The Strategic Advantages Of Appointing A Law Firm CEO

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    The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.

  • How Cos. Can Build A Strong In-House Pro Bono Program

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    During this year’s pro bono celebration week, companies should consider some key pointers to grow and maintain a vibrant in-house program for attorneys to provide free legal services for the public good, says Mary Benton at Alston & Bird.

  • Home Canning Makes Me A Better Lawyer

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    Making my own pickles and jams requires seeing a process through from start to finish, as does representing clients from the start of a dispute at the Patent Trial and Appeal Board through any appeals to the Federal Circuit, says attorney Kevin McNish.

  • Use The Right Kind Of Feedback To Help Gen Z Attorneys

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    Generation Z associates bring unique perspectives and expectations to the workplace, so it’s imperative that supervising attorneys adapt their feedback approach in order to help young lawyers learn and grow — which is good for law firms, too, says Rachael Bosch at Fringe Professional Development.

  • Congress Can And Must Enact A Supreme Court Ethics Code

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    As public confidence in the U.S. Supreme Court dips to historic lows following reports raising conflict of interest concerns, Congress must exercise its constitutional power to enact a mandatory and enforceable code of ethics for the high court, says Muhammad Faridi, president of the New York City Bar Association.

  • What To Make Of Dueling Corporate Transparency Act Rulings

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    Although challenges to the Corporate Transparency Act abound — as highlighted by recent federal court decisions from Alabama and Oregon taking opposite positions on its constitutionality — the act is still law, so companies should comply with their filing requirements or face the potential consequences, say attorneys at Lowenstein Sandler.

  • The Pop Culture Docket: Justice Lebovits On Gilbert And Sullivan

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    Characters in the 19th century comic operas of Gilbert and Sullivan break the rules of good lawyering by shamelessly throwing responsible critical thought to the wind, providing hilarious lessons for lawyers and judges on how to avoid a surfeit of traps and tribulations, say acting New York Supreme Court Justice Gerald Lebovits and law student Tara Scown.

  • State Of The States' AI Legal Ethics Landscape

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    Over the past year, several state bar associations, as well as the American Bar Association, have released guidance on the ethical use of artificial intelligence in legal practice, all of which share overarching themes and some nuanced differences, say Eric Pacifici and Kevin Henderson at SMB Law Group.

  • 8 Childhood Lessons That Can Help You Be A Better Attorney

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    A new school year is underway, marking a fitting time for attorneys to reflect on some fundamental life lessons from early childhood that offer a framework for problems that no legal textbook can solve, say Chris Gismondi and Chris Campbell at DLA Piper.

  • This Election, We Need To Talk About Court Process

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    In recent decades, the U.S. Supreme Court has markedly transformed judicial processes — from summary judgment standards to notice pleadings — which has, in turn, affected individuals’ substantive rights, and we need to consider how the upcoming presidential election may continue this pattern, says Reuben Guttman at Guttman Buschner.

  • Mental Health First Aid: A Brief Primer For Attorneys

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    Amid a growing body of research finding that attorneys face higher rates of mental illness than the general population, firms should consider setting up mental health first aid training programs to help lawyers assess mental health challenges in their colleagues and intervene with compassion, say psychologists Shawn Healy and Tracey Meyers.

  • The Trade And Tax Issues Behind US-Canada Digital Tax Clash

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    The new Canadian digital services tax recently went into effect despite objections from the U.S., a controversy that represents an unusual mix of trade and tax policy, and many companies have been pondering how it will affect their e-commerce businesses, says Damon Pike at BDO.

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