International
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March 06, 2025
Mining Co. Seeks Arbitration Of $7B Dispute With Venezuela
The subsidiary of a Bermuda-based mining company asked an international arbitration institution to settle a dispute in excess of $7 billion against the Venezuelan government, saying its actions damaged the company's investments in a mining project.
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March 06, 2025
Trump Gives Mexico A Break Until April From New Tariffs
President Donald Trump announced Thursday an almost monthlong exemption for most Mexican imports to tariffs he had placed on the country over drug trafficking concerns, as Mexico President Claudia Sheinbaum pointed to data showing border seizures of fentanyl dropped 70% since she took office.
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March 06, 2025
Bank Of England Official Warns Of US Tariff Threat
U.S. tariffs and related trade tensions could pose "substantial" risks to the U.K. and world economies, Bank of England Governor Andrew Bailey told British lawmakers.
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March 06, 2025
Trump's Value-Added Tax Focus In Tariff Plan Stirs Angst
President Donald Trump's call to target value-added taxes in his reciprocal tariff plan could distort global supply chains and create additional burdens for U.S. companies, contrary to his stated goals of lowering prices for consumers and boosting business, experts told Law360.
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March 06, 2025
HMRC Shuttering Its Online Biz Tax Filing Service In 2026
Companies that use HM Revenue & Customs' online service to file their accounts and tax returns will need to use commercial software starting in 2026, the U.K. agency announced Thursday, saying the service didn't meet modern digital standards.
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March 06, 2025
Fried Frank Hires White & Case Partner For NY Office
Fried Frank Harris Shriver & Jacobson LLP announced it appointed a longtime White & Case LLP partner to serve as senior counsel in the firm's mergers and acquisitions and private equity practices.
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March 05, 2025
Nixon Peabody Hires Former Sheppard Mullin Partner In NY
Nixon Peabody LLP said Wednesday that a former Sheppard Mullin Richter & Hampton LLP partner has joined the New York office as a partner on the firm's nonprofit organizations team.
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March 05, 2025
€54M VAT Fraud Scheme Leads To Another Indictment
The European Public Prosecutor's Office indicted a suspect believed to have carried out €6 million ($6.5 million) worth of value-added tax fraud involving the international trade of used cars, saying he is connected to a larger ring that has caused an estimated €54 million in losses.
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March 05, 2025
UK Planning To Replace Energy Windfall Tax In 2030
The U.K. will phase out the energy profits levy, known as the energy windfall tax, in 2030, but the government plans to replace it with a new permanent tax regime for North Sea oil and gas, according to a statement Wednesday.
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March 05, 2025
Trump Delays Mexico, Canada Tariffs On Autos For A Month
President Donald Trump announced Wednesday that auto vehicles and parts imported from Canada and Mexico will get a one-month reprieve from the 25% tariffs he instituted earlier this week, according to a statement read by White House Press Secretary Karoline Leavitt.
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March 05, 2025
How Eversheds Sutherland Drew 12-Atty Tax Team In Atlanta
New Eversheds Sutherland partner Hale E. Sheppard joined Law360 Pulse to discuss how he helped lead a team of 12 tax controversy attorneys to join the firm in Atlanta from Chamberlain Hrdlicka White Williams & Aughtry PC.
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March 05, 2025
IRS Adds 4 Countries To Time Requirement Waiver List
The Internal Revenue Service added Ukraine, Iraq, Haiti, and Bangladesh to the list of countries for tax year 2024 where minimum time requirements for individuals electing to exclude their foreign earned income are waived.
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March 05, 2025
IRS Updates Foreign Housing Expense Limits For 2025
The Internal Revenue Service released adjustments to the limitation on foreign housing expense deductions and exclusions for 2025 on Wednesday.
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March 04, 2025
Trump Says He Wants To Pass Tax Cuts For Everyone
President Donald Trump said he wants to make the Tax Cuts and Jobs Act's income tax cuts permanent, make interest payments on certain car loans tax deductible and eliminate taxes on tips and overtime during a joint address to Congress on Tuesday.
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March 04, 2025
Trump's Mexico, Canada Tariffs To Face Legal Tests, Pros Say
President Donald Trump placed 25% tariffs on all goods from Canada and Mexico on Tuesday, citing drug trafficking as the core reason he used untested emergency tariff powers, a course of action that will face legal scrutiny, tax professionals told Law360.
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March 04, 2025
Wealth Taxes Must Involve Beneficial Ownership, Report Says
Countries that are considering wealth taxes should also invest in beneficial ownership transparency systems to enforce the measures, including comprehensive asset registration, according to a report published Tuesday by the advocacy group Tax Justice Network.
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March 04, 2025
OECD Says Czech Tax Changes Could Aid R&D, Investment
Both research and development expenditures and overall venture capital investments in the Czech Republic are relatively low, the Organization for Economic Cooperation and Development said Tuesday, suggesting tax regime changes that could boost both figures, among other recommendations.
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March 04, 2025
Four Countries Bringing Treaties In Line With OECD Standard
The Organization for Economic Cooperation and Development said Tuesday that four of the 10 countries it reviewed are bringing a substantial number of tax treaties in line with its dispute resolution standards.
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March 04, 2025
IRS Asks To Toss Abbott Labs' FOIA Action For Tax Records
Discovery limitations in a U.S. Tax Court case apply to documents related to an Internal Revenue Service investigation of Abbott Laboratories' transfer policies and thus mean that Abbott can't access them with a Freedom of Information Act request, the IRS told a D.C. federal court.
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March 04, 2025
'Guardrails' Needed In IRS Bid For Eaton Docs, 6th Circ. Told
The IRS is seeking Eaton employee records that would violate European Union data protection laws, the power management multinational told the Sixth Circuit, arguing that an Ohio district court should accordingly only privately review the documents with "critical guardrails."
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March 04, 2025
Finland May End Electricity Tax Benefit For Data Centers
Finnish data centers and mines would no longer benefit from a reduced tax rate on their electricity usage under plans being prepared by the government, Finland's Ministry of Finance said Tuesday, tying the move to the decision to spike a planned tax hike on sweets.
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March 04, 2025
Canada Looking To Extend Mineral Exploration Tax Relief
The Canadian government has proposed extending through March 2027 a 15% tax credit for investments in mining activities set to expire at the end of the month, the country's Department of Finance said.
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March 04, 2025
Five Arrested In EU €14M Used Phone VAT Fraud
Five men were arrested for a scheme that involved importing used phones from the U.S. and other non-European Union countries and fraudulently claiming a reduced value-added tax rate on their sales, causing €14 million ($14.8 million) in lost taxes, the European Public Prosecutor's Office said Tuesday.
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March 04, 2025
BNY Tries To Escape £93M Nationwide, A&O Negligence Case
Bank of New York Mellon on Tuesday asked a London court to dismiss Allen Overy Shearman Sterling's claims that the bank negligently caused Nationwide Building Society to face a £93 million ($118 million) tax bill by mishandling the issuance of notes.
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March 03, 2025
Transparency Law Flouts Biz Owners' Privacy, Judge Says
A Michigan federal judge on Monday ruled the Corporate Transparency Act's beneficial ownership reporting requirements constitute an unreasonable intrusion into business owners' privacy, shortly after the U.S. Department of the Treasury said it was suspending enforcement of the embattled law.
Expert Analysis
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5 Tips To Succeed In A Master Of Laws Program And Beyond
As lawyers and recent law school graduates begin their Master of Laws coursework across the country, they should keep a few pointers in mind to get the most out of their programs and kick-start successful careers in their practice areas, says Kelley Miller at Reed Smith.
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How Law Firms Can Avoid 'Collaboration Drag'
Law firm decision making can be stifled by “collaboration drag” — characterized by too many pointless meetings, too much peer feedback and too little dissent — but a few strategies can help stakeholders improve decision-making processes and build consensus, says Steve Groom at Miles Mediation.
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Litigation Funding Disclosure Key To Open, Impartial Process
Blanket investor and funding agreement disclosures should be required in all civil cases where the investor has a financial interest in the outcome in order to address issues ranging from potential conflicts of interest to national security concerns, says Bob Goodlatte, former U.S. House Representative for Virginia.
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What NFL Draft Picks Have In Common With Lateral Law Hires
Nearly half of law firm lateral hires leave within a few years — a failure rate that is strikingly similar to the performance of NFL quarterbacks drafted in the first round — in part because evaluators focus too heavily on quantifiable metrics and not enough on a prospect's character traits, says Howard Rosenberg at Baretz+Brunelle.
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Replacing The Stigma Of Menopause With Law Firm Support
A large proportion of the workforce is forced to pull the brakes on their career aspirations because of the taboo surrounding menopause and a lack of consistent support, but law firms can initiate the cultural shift needed by formulating thoughtful workplace policies, says Barbara Hamilton-Bruce at Simmons & Simmons.
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Planning Law Firm Content Calendars: What, When, Where
During the slower month of August, law firms should begin working on their 2025 content calendars, planning out a content creation and distribution framework that aligns with the firm’s objectives and maintains audience engagement throughout the year, says Jessica Kaplan at Legally Penned.
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Law Firms Should Move From Reactive To Proactive Marketing
Most law firm marketing and business development teams operate in silos, leading to an ad hoc, reactive approach, but shifting to a culture of proactive planning — beginning with comprehensive campaigns — can help firms effectively execute their broader business strategy, says Paul Manuele at PR Manuele Consulting.
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The Big Issues A BigLaw Associates' Union Could Address
A BigLaw associates’ union could address a number of issues that have the potential to meaningfully improve working conditions, diversity and attorney well-being — from restructured billable hour requirements to origination credit allocation, return-to-office mandates and more, says Tara Rhoades at The Sanity Plea.
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It's Time For A BigLaw Associates' Union
As BigLaw faces a steady stream of criticism about its employment policies and practices, an associates union could effect real change — and it could start with law students organizing around opposition to recent recruiting trends, says Tara Rhoades at The Sanity Plea.
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How Justices Upended The Administrative Procedure Act
In its recent Loper Bright, Corner Post and Jarkesy decisions, the U.S. Supreme Court fundamentally changed the Administrative Procedure Act in ways that undermine Congress and the executive branch, shift power to the judiciary, curtail public and business input, and create great uncertainty, say Alene Taber and Beth Hummer at Hanson Bridgett.
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Tips For Tax Equity-Tax Credit Transfers That Pass IRS Muster
Although the Internal Revenue Service has increased its scrutiny of complex partnership structures, which must demonstrate their economic substance and business purpose, recent cases and IRS guidance together provide a reliable road map for creating legitimate tax equity structures, say Ian Boccaccio and Michael Messina at Ryan Tax.
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Mirror, Mirror On The Wall, Is My Counterclaim Bound To Fall?
A Pennsylvania federal court’s recent dismissal of the defendants’ counterclaims in Morgan v. Noss should remind attorneys to avoid the temptation to repackage a claim’s facts and law into a mirror-image counterclaim, as this approach will often result in a waste of time and resources, says Matthew Selmasska at Kaufman Dolowich.
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3 Leadership Practices For A More Supportive Firm Culture
Traditional leadership styles frequently amplify the inherent pressures of legal work, but a few simple, time-neutral strategies can strengthen the skills and confidence of employees and foster a more collaborative culture, while supporting individual growth and contribution to organizational goals, says Benjamin Grimes at BKG Leadership.