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May 19, 2026
IRS Finalizes Changes To Partnership Interest Sales
The IRS issued final regulations Tuesday that remove a requirement for partnerships to include information in tax returns to help partners who sold interests in businesses with noncapital assets determine their gain or loss, preserving the rules as proposed last year.
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May 19, 2026
UK Eyes Property Tax Charge For Multimillion-Pound Homes
The U.K. government is seeking feedback on a property tax surcharge for homes worth at least £2 million ($2.67 million), according to a consultation launched Tuesday.
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May 19, 2026
Ride-Hail App Bolt Can't Get £190M VAT Break, HMRC Argues
Ride-hailing company Bolt shouldn't be able to claim a £190 million ($254.3 million) value-added tax exemption for travel agents and tour operators because its drivers provide transportation and don't lead tours or book vacations, the U.K.'s tax authority argued before a London court on Tuesday.
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May 19, 2026
Maynard Nexsen Adds Transactional Tax Pro In NC
Maynard Nexsen PC announced that it has added a partner to the firm's tax practice group from Nelson Mullins Riley & Scarborough LLP, adding that the Charlotte, North Carolina, hire brings expertise in transactional tax structuring and planning.
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May 18, 2026
Ex-Austrian Bank CEO To Plead Out In $170M Odebrecht Case
The former CEO of Austrian lender Meinl Bank AG who was extradited from the U.K. has reached a tentative deal to resolve criminal charges that he helped Odebrecht SA hide $170 million in funds used to bribe officials around the world and defraud the Brazilian government, a Brooklyn federal court heard Monday.
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May 18, 2026
Timing Wrinkle Could Muddle Foreign Currency Tax Rules
The U.S. Treasury Department has signaled plans to simplify the process for determining the taxable corporate income of affiliates that conduct business in foreign currencies, but the unclear timeline of upcoming guidance could complicate compliance initially.
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May 18, 2026
HMRC Wins Appeal In £56M Supplements Dispute
A supplements provider can rely only on expert evidence limited to the nutritional quality of the products in a £56 million ($75 million) value-added tax dispute with HM Revenue & Customs, a London tribunal said in a ruling siding with the tax agency released Monday.
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May 18, 2026
Switzerland Should Repeal Global Minimum Tax, Study Says
Switzerland should repeal the 15% global minimum tax because it's far short of worldwide adoption, the United States' exemption could damage Swiss tax revenues and legal risks could trigger large refunds, according to a study published Monday by academics commissioned by a business lobby.
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May 18, 2026
K&L Gates Tax Trio Joins Holland & Knight In Dallas
Holland & Knight LLP announced Monday that three Dallas-based state and local tax attorneys from K&L Gates LLP have joined the firm's tax, executive compensation and benefits practice.
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May 18, 2026
Some Gov'ts To Waive Late Filing Fees For Global Min. Tax
Most jurisdictions with global minimum tax measures have agreed to waive late-filing penalties this year if they lack the means to receive the first specialized tax returns due under the system and if companies timely file elsewhere among a network for exchanging returns, the Organization for Economic Cooperation and Development said Monday.
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May 18, 2026
Spain To Pay Shakira €60M After Tax Fraud Acquittal
The Spanish government must pay Shakira over €60 million ($70 million), including interest, after a Madrid court acquitted the Colombian singer of allegations of tax fraud in a long-running dispute over her residency status, the court announced Monday.
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May 18, 2026
HMRC Says Scottish Power Owes Tax On £28M Redress
HM Revenue and Customs told the U.K. Supreme Court Monday that ScottishPower can't dodge paying tax on just over £28 million ($38 million) in redress payments that the energy company made after being investigated for regulatory failures.
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May 15, 2026
DC Circ. Hears Russia's Bid To Block $5B Yukos Award
The Russian Federation's constitution and statutes make clear that Vladimir Putin's administration and Yukos Oil Co.'s financing arm didn't have a valid agreement to arbitrate a dispute that resulted in a nearly $5 billion arbitral award against the country, Russia told the D.C. Circuit Friday.
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May 15, 2026
Senators Seek Info From SBA On Tariff Loan Gap
The top Democratic lawmakers on the U.S. Senate Finance and Senate Small Business committees asked the Small Business Administration for information regarding loans for companies seeking assistance following increased tariff costs, according to a letter made public Friday.
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May 15, 2026
Wealth Inequality Worsened By Tax Gap, Think Tank Says
The tax gap is contributing to the inequality of wealth in the U.K. that has resulted in 350 individuals and families having a combined wealth equivalent to around a quarter of the country's gross domestic product, a think tank said Friday.
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May 15, 2026
Trade Probes Likely To Be Strong Bulwark For Trump's Tariffs
President Donald Trump will likely deploy new tariffs this summer across numerous countries under a law that provides the federal government with its strongest legal footing yet in federal court for a global tariff regime.
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May 15, 2026
Taxation With Representation: Cassels, Ropes & Gray
In this week's Taxation With Representation, Equinox Gold Corp. and Orla Mining Ltd. announce a merger to create a major gold producer, OpenAI plans to form a company to boost adoption of its software across enterprises and private equity firm Apollo acquires trade show operators Emerald Holding and Questex.
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May 15, 2026
Tribunal Rejects HMRC's Retroactive Late Payment Penalties
HM Revenue & Customs cannot retroactively impose late payment surcharges and penalties on an investment manager who arranged for the tax authority to reallocate his earlier payments for tax years tied to failed avoidance schemes, a London court found.
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May 15, 2026
Italy Study Says Tax Credits Boosted Investment, Not Output
An Italian tax credit program that was intended to support the digitalization of Italian industry raised business investment but failed to translate into meaningful productivity gains, according to a review from the Bank of Italy and the national Finance Ministry.
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May 15, 2026
OECD To List Countries Ready To Receive Global Returns
The Organization for Economic Cooperation and Development plans to publish on Monday a list of countries implementing the global minimum tax that plan to have online portals in place to receive the required information returns by May 31, the organization's top tax official said Friday.
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May 14, 2026
Canada Can't Duck Legal Fees in Ferry Operator's Tax Dispute
Canada is on the hook for more than CA$754,000 ($549,000) in legal fees incurred by a state-owned ferry operator after the Federal Court of Appeal declined its bid to reverse a lower court's awarded costs.
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May 14, 2026
Gov't Asks 6th Circ. To Reverse FedEx's $89M Tax Credit Win
The U.S. government urged the Sixth Circuit to reverse a Tennessee federal court's decision that invalidated foreign tax credit regulations and allowed FedEx an $89 million refund, arguing that the rules reflect Congress' intent to prevent windfalls under the 2017 tax overhaul.
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May 14, 2026
UK Tribunal Partially Allows Claims For Tax Relief On Films
Several partnerships can claim tax relief on the equity-financed portions of their film productions but not debt-financed components designed to inflate their tax relief, a London court found, ordering HMRC to amend parts of its closure notices.
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May 14, 2026
Corp. AMT Proposal Coming In February, Official Says
The U.S. plans to propose its entire package of rules on the corporate alternative minimum tax — which has so far been the subject of five Internal Revenue Service notices — in February, an official from the U.S. Department of the Treasury said Thursday.
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May 14, 2026
Barrister Loses Bid To Overturn £15K Fine Tied To Tax Row
A London court has maintained a £15,000 ($20,100) fine imposed on a barrister after he sent a barrage of emails accusing HMRC and a caseworker of colluding to sabotage his tax appeal, backing a disciplinary panel's findings of misconduct.
Expert Analysis
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E-Discovery Quarterly: Rulings On Relevance Redactions
In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.
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Section 1983 Has Promise After End Of Nationwide Injunctions
After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.
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Playing Soccer Makes Me A Better Lawyer
Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.
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Adapting To Private Practice: From ATF Director To BigLaw
As a two-time boomerang partner, returning to BigLaw after stints as a U.S. attorney and the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, people ask me how I know when to move on, but there’s no single answer — just clearly set your priorities, says Steven Dettelbach at BakerHostetler.
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How Cos. In China Can Tailor Compliance Amid FCPA Shifts
The U.S. Department of Justice’s recently updated Foreign Corrupt Practices Act enforcement guidelines create a fluid business environment for companies operating in China that will require a customized compliance approach to navigate both countries’ corporate and legal systems, say attorneys at Dickinson Wright.
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Playing Baseball Makes Me A Better Lawyer
Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie.
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4 Former Justices Would Likely Frown On Litigation Funding
As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How Attys Can Use AI To Surface Narratives In E-Discovery
E-discovery has reached a turning point where document review is no longer just about procedural tasks like identifying relevance and redacting privilege — rather, generative artificial intelligence tools now allow attorneys to draw connections, extract meaning and tell a coherent story, says Rose Jones at Hilgers Graben.
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AbbVie Frees Taxpayers From M&A Capital Loss Limitations
The U.S. Tax Court’s June 17 opinion in AbbVie v. Commissioner, finding that a $1.6 billion break fee was an ordinary and necessary business expense, marks a pivotal rejection of the Internal Revenue Service’s position on the tax treatment of termination fees related to failed mergers or acquisitions, say attorneys at Holland & Knight.
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ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'
The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.
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Can Companies Add Tariffs Back To Earnings Calculations?
With the recent and continually evolving tariffs announced by the Trump administration, John Ryan at King & Spalding takes a detailed look at whether those new tariffs can be added back in calculating earnings before interest, taxes, depreciation and amortization — an important question that may greatly affect a company's compliance with its financial covenants.
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A Look At DOJ's Dropped Case Against Early Crypto Operator
The prosecution of an early crypto exchange operator over alleged unlicensed money transmission was recently dropped in Indiana federal court, showcasing that the U.S. Justice Department may be limiting the types of enforcement cases it will bring against digital asset firms, say attorneys at Greenberg Traurig.
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8 Ways Lawyers Can Protect The Rule Of Law In Their Work
Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.