International

  • April 04, 2024

    Singapore Co.'s Properties Transfer Ruled Capital Transaction

    The transfer of properties between a Singapore company and a related company as part of a corporate restructuring would constitute a capital transaction, the country's Inland Revenue Authority said, making the swap tax-exempt.

  • April 04, 2024

    Parliament Committee Delaying Vote On EU Energy Tax Law

    A European Parliament committee will delay a vote on a landmark energy taxation law, as it is unclear if a majority will back the measure, a European Union source familiar with the matter told Law360 on Thursday.

  • April 04, 2024

    Next EU Parliament Must Eye Tax Fairness, Lawmaker Says

    The new European Parliament that is elected in June must continue to work on fairness in taxation, removing tax barriers to economic growth and scrutiny of international tax policies, the outgoing chair of the parliamentary tax subcommittee said Thursday.

  • April 03, 2024

    IRS Says $28M In Fines Against Microsemi Adhered To Rules

    The Internal Revenue Service is again pressing the U.S. Tax Court to rule that it followed supervisory approval requirements when it imposed nearly $28 million in penalties against semiconductor manufacturer Microsemi in a transfer pricing dispute.

  • April 03, 2024

    McDermott Adds Ex-Baker McKenzie Tax Pro In Chicago

    The former chair of Baker McKenzie's Chicago tax practice group has joined McDermott Will & Emery LLP and will work as a partner in the firm's Chicago office, McDermott said Wednesday.

  • April 03, 2024

    Dutch Seek Input On Narrowing Plot Transfer Tax Exemption

    The Netherlands is seeking input on plans to amend a rule that exempts buildings on transferred plots of land from the country's transfer tax, saying that it needs to be narrowed to just agricultural buildings in line with the exemption's intention to benefit rural areas.

  • April 03, 2024

    UK Seeks To Share Country-Level Tax Reports, Official Says

    The U.K. government wants to allow low-income countries greater access to country-by-country reports of multinational corporations' tax data as a way to help them recover revenue that they're owed, a Cabinet official said Wednesday.

  • April 03, 2024

    Grading State Tax Policy And Judging The 'Dirty 30'

    For the first time in a quarter-century, the Council on State Taxation, which represents the state tax interests of more than 500 multinational corporations, is led by someone who is not named Douglas L. Lindholm. Here, Law360 speaks with the organization's new president emeritus.

  • April 03, 2024

    Taiwan Issues Tax Relief Guidance In Wake Of Earthquake

    Individuals and businesses impacted by the 7.4-magnitude earthquake that hit Taiwan on Wednesday morning are eligible for tax reductions or exemptions if their property was damaged, the country's National Taxation Bureau said.

  • April 03, 2024

    Greece Can Have Tax Regime On Self-Employed, EU Says

    Greece has the right to introduce a standardized minimum taxable income for the self-employed, according to European Union tax commissioner Paolo Gentiloni, who said rebalancing the tax burden between big and small businesses could help reduce income inequalities.

  • April 02, 2024

    Swiss Banker Avoids Prison For $60M Tax Evasion Conspiracy

    A Manhattan federal judge allowed a Swiss finance pro to avoid prison Tuesday for facilitating a tax evasion scheme that helped wealthy Americans hide $60 million from the IRS, saying the defendant is less culpable than alleged co-conspirators.

  • April 02, 2024

    South Africa Relying Less On Biz Tax As Revenues Top $115B

    South Africa's total tax revenue rose to 2.155 trillion rand ($115 billion) last year, buoyed by collections of personal income tax increasing more than 8% and despite corporate income tax collections sinking nearly 9%, the South African Revenue Service said Tuesday.

  • April 02, 2024

    Norway Floats Tax Framework For Activities On Sea Shelf

    With an increase in economic activity expected on Norway's continental sea shelf in the future, the country's Ministry of Finance said Tuesday that it wants to introduce tax liabilities on foreign companies generating income from certain activities there and is looking for public comment.

  • April 02, 2024

    Luxembourg's Deduction Rules Flout EU Law, Bloc Tells Court

    The European Commission asked the European Union's Court of Justice to rule that Luxembourg is breaking EU law by including securitized entities among financial undertakings that are allowed deductibility of interest payments, the EU's Official Journal said Tuesday.

  • April 02, 2024

    Small UK Cos. 'Freed' From VAT Payments By Threshold Rise

    Some 28,000 businesses have been "freed" from paying value-added tax as the registration threshold rose from £85,000 ($106,000) to £90,000 in revenue, HM Treasury has said.

  • April 02, 2024

    Watchdog Probes Norway's Carbon Tax Exemption Measures

    A Norwegian plan to exempt from excise duty waste incineration that is subject to the European Union's emissions trading system and to exempt natural gas, which is also subject to the ETS, from carbon tax is the focus of an investigation into state aid, a watchdog said Tuesday.

  • April 01, 2024

    US Support For Pillar 1 Still In Question After House Inquiry

    U.S. lawmakers signaled that they think technical and other issues remain in the OECD's Pillar One taxing rights overhaul during a recent House subcommittee meeting, casting further doubt on the plan's implementation as the timeline to finalize it has slipped.

  • April 01, 2024

    Berkshire Unit Merits Neb. Deduction, State Justices Told

    Nebraska's deduction for certain dividends should apply to income repatriated under the 2017 federal tax overhaul, an attorney for a Berkshire Hathaway entity told the state Supreme Court on Monday.

  • April 01, 2024

    Liechtenstein Adopts GloBE Rules For Corp. Minimum Tax

    Liechtenstein has supplemented its passage of the Organization for Economic Cooperation and Development's global corporate minimum tax by officially adopting the global anti-base erosion rules, which provide regulations to facilitate the minimum tax.

  • April 01, 2024

    BakerHostetler Adds Partner To Tax Practice Group

    BakerHostetler's Washington office has added a partner from Morris Manning and Martin LLP to join its tax practice group, Baker said in a statement Monday.

  • April 01, 2024

    Baker Donelson Adds EY Tax Pro To Houston Office

    A former EY senior manager has joined Baker Donelson Bearman Caldwell & Berkowitz PC's tax group in Houston as counsel, the firm announced.

  • April 01, 2024

    16 Charged In $12.5M VAT Refund Scheme, Poland Says

    Sixteen people have been charged in a scheme to use forged documents to claim false value-added tax refunds for polymer and steel transactions, causing an estimated 50 million Polish zloty ($12.5 million) in damages, Poland's tax authority said.

  • March 29, 2024

    APA Work Doubled In 2023, IRS Report Says

    The Internal Revenue Service finalized more than twice as many advance pricing agreements for U.S. multinational corporations in 2023 as in the previous year, according to an agency report released Friday.

  • March 29, 2024

    Green Energy Credit Sales Spur Surge In Tax Insurance

    A new way for project owners to monetize clean energy tax credits by selling them for cash has turbocharged demand for insurance policies to cover various risks tied to the transactions, which can often be worth hundreds of millions of dollars.

  • March 29, 2024

    EU OKs Irish Film Tax Credit Cap Increase, Extension

    Ireland is bumping up the cap on its 32% film project tax credit to €125 million ($135 million) and extending the program to the end of 2028 after getting the go-ahead from the European Commission, the country's Department of Finance said Friday.

Expert Analysis

  • 10 Considerations For Litigating A New York Tax Case

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    While some of New York’s recently adopted corporate tax regulations are likely to face legal challenges, aggrieved taxpayers should answer certain questions before deciding to embark on the tax litigation process, say Cyavash Ahmadi and Jeffrey Friedman at Eversheds Sutherland.

  • Law Firm Strategies For Successfully Navigating 2024 Trends

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    Though law firms face the dual challenge of external and internal pressures as they enter 2024, firms willing to pivot will be able to stand out by adapting to stakeholder needs and reimagining their infrastructure, says Shireen Hilal at Maior Consultants.

  • Attorneys' Busiest Times Can Be Business Opportunities

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    Attorneys who resolve to grow their revenue and client base in 2024 should be careful not to abandon their goals when they get too busy with client work, because these periods of zero bandwidth can actually be a catalyst for future growth, says Amy Drysdale at Alchemy Consulting.

  • How Attorneys Can Be More Efficient This Holiday Season

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    Attorneys should consider a few key tips to speed up their work during the holidays so they can join the festivities — from streamlining the document review process to creating similar folder structures, says Bennett Rawicki at Hilgers Graben.

  • How Clients May Use AI To Monitor Attorneys

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    Artificial intelligence tools will increasingly enable clients to monitor and evaluate their counsel’s activities, so attorneys must clearly define the terms of engagement and likewise take advantage of the efficiencies offered by AI, says Ronald Levine at Herrick Feinstein.

  • The Pop Culture Docket: Judge D'Emic On Moby Grape

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    The 1968 Moby Grape song "Murder in My Heart for the Judge" tells the tale of a fictional defendant treated with scorn by the judge, illustrating how much the legal system has evolved in the past 50 years, largely due to problem-solving courts and the principles of procedural justice, says Kings County Supreme Court Administrative Judge Matthew D'Emic.

  • Breaking Down High Court's New Code Of Conduct

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    The U.S. Supreme Court recently adopted its first-ever code of conduct, and counsel will need to work closely with clients in navigating its provisions, from gift-giving to recusal bids, say Phillip Gordon and Mateo Forero at Holtzman Vogel.

  • Legal Profession Gender Parity Requires Equal Parental Leave

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    To truly foster equity in the legal profession and to promote attorney retention, workplaces need to better support all parents, regardless of gender — starting by offering equal and robust parental leave to both birthing and non-birthing parents, says Ali Spindler at Irwin Fritchie.

  • A Year-End Look At Florida's Capital Investment Tax Credit

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    Notwithstanding the Walt Disney Co.’s feud with Gov. Ron DeSantis this year, Florida's capital investment tax credit will continue to make the state a favored destination for large corporations, particularly in light of the new federal alternative minimum tax and the Pillar Two top-up tax, says Alan Lederman at Gunster.

  • Understanding Discovery Obligations In Era Of Generative AI

    Excerpt from Practical Guidance
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    Attorneys and businesses must adapt to the unique discovery challenges presented by generative artificial intelligence, such as chatbot content and prompts, while upholding the principles of fairness, transparency and compliance with legal obligations in federal civil litigation, say attorneys at King & Spalding.

  • The Case For Post-Bar Clerk Training Programs At Law Firms

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    In today's competitive legal hiring market, an intentionally designed training program for law school graduates awaiting bar admission can be an effective way of creating a pipeline of qualified candidates, says Brent Daub at Gilson Daub.

  • AI Can Help Lawyers Overcome The Programming Barrier

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    Legal professionals without programming expertise can use generative artificial intelligence to harness the power of automation and other technology solutions to streamline their work, without the steep learning curve traditionally associated with coding, says George Zalepa at Greenberg Traurig.

  • Preparing Law Students For A New, AI-Assisted Legal World

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    As artificial intelligence rapidly transforms the legal landscape, law schools must integrate technology and curricula that address AI’s innate challenges — from ethics to data security — to help students stay ahead of the curve, say Daniel Garrie at Law & Forensics, Ryan Abbott at JAMS and Karen Silverman at Cantellus Group.

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