High-net-worth families are restructuring their family offices using the Lender model to qualify as separate trades or businesses for federal tax purposes. This strategic shift enables them to deduct investment-related expenses that were eliminated for individuals under the Tax Cuts and Jobs Act, creating significant tax efficiency opportunities through carefully designed management entities and allocation structures.

The One Big Beautiful Bill Act (OBBBA) of 2025 introduces comprehensive tax reforms designed to revitalize US manufacturing through permanent 100% bonus depreciation, expanded immediate expensing for production facilities...

The Court of Justice of the European Union has ruled that Polish VAT regulations unlawfully restrict taxpayers' right to deduct input VAT by making it dependent on invoice receipt dates rather than possession at filing time. This landmark decision addresses how EU member states can impose formal requirements on VAT deductions and examines the balance between tax collection measures and fundamental principles of VAT neutrality and proportionality.

Effective 10 December 2025, Australia will implement a world-first age restriction governing social media use. The new law applies not only to domestic platforms but also to international platforms serving Australian users.

The auditing, reporting, and compliance landscape for international groups with Chinese components has become more complex. The revised International Standard on Auditing (ISA) 600...

The French Council of State has ruled that tax authorities cannot substitute fair market value for the sale price in a notarized deed without proving an actual under-the-table payment. This landmark decision clarifies the limits of tax authority powers in challenging real estate transaction prices and establishes important precedent for cross-border property disposals involving non-resident entities.

Cross-border mergers and acquisitions (M&A) – particularly between Europe and the United States – play a central role in the global economy. Together, the regions account for approximately one third of global GDP...

For market veterans, the violent price action evoked memories of the Hunt Brothers' infamous attempt to corner the silver market four decades ago.

In Italy in recent years, having a tax control framework (TCF) has emerged not only as a key instrument for tax risk management and mitigation, but also as a lever for corporate value creation in extraordinary transactions...

On 17 November 2025, the European Commission published EU VAT Committee Working Paper No. 1118, regarding free-of-charge access to platforms in exchange for user data.

The Italian Supreme Court has shifted toward a substance-over-form approach in determining permanent establishment (PE) status, moving beyond formal contractual arrangements to examine...

Cross-border tax structures often fail not due to technical flaws, but because they cannot be properly explained or defended over time. As operations evolve and documentation becomes outdated...

Poland currently finds itself at a point where demographic change, economic adjustment, and deeper global integration intersect in ways that are increasingly visible from outside the country.

The Register records all formal debt enforcement proceedings initiated against inpiduals or legal entities in Switzerland.

Trusts serve as essential instruments for estate and tax planning, offering asset protection and control. Key considerations include understanding tax implications of income distribution versus accumulation, proper trust funding procedures, selecting between individual and corporate trustees, and navigating common implementation pitfalls that can undermine trust effectiveness.

What makes high performers stand out from the crowd? LP Partner Russell Shapiro recently sat down with legendary consultant Allan Koltin for an in-depth video conversation...

Artificial intelligence tools offer turnaround and restructuring practitioners powerful capabilities to manage complexity and time pressure, but deploying them effectively requires understanding...

Section 1202 of the US tax code offers qualified small business stock (QSBS) holders the ability to exclude significant capital gains from federal income tax, with recent legislation raising the exclusion cap to $15 million per taxpayer for stock acquired after July 4, 2025. Strategic use of properly structured non-grantor trusts can multiply these tax benefits through "trust stacking" while simultaneously achieving substantial estate tax savings. Cross-border families and multinational founders must coordi

In August 2025, Vietnam issued Decree No. 236/2025/ND-CP, its first on implementing the global minimum tax (GMT). This milestone reflects Vietnam's efforts to prevent base erosion and profit shifting...

Vietnam's indirect tax system encompasses value-added tax, special consumption tax, and import/export duties that apply throughout production and trade processes. Understanding the rates, exemptions, and compliance requirements for each tax type is essential for businesses operating in Vietnam's evolving regulatory environment.