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The US’s GILTI regime will not be forced upon American multinationals in foreign jurisdictions, Bloomberg has reported; in other news, Ropes & Gray hired two tax partners from Linklaters
    
    
      
        
    
      
    
    
    
  Overall revenues and average profit per partner also increased in the UK, the ‘big four’ firm revealed 
    
    
      
        
    
      
    
    
    
  Increasingly complex reporting requirements contributed towards the firm’s growth in tax, it said
    
    
      
        
    
      
    
    
    
  
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      The firms picked up five major awards between them at a gala ceremony held at New York’s prestigious Metropolitan Club
    
    
      
        
    
      
    
    
    
  
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            Sponsored by Alma LEDMarco Sandoli and Lorenzo Marantonio of Alma LED challenge the Revenue Agency’s ‘unsupportable’ interpretation on tax exemptions for business and shareholding transfers through trusts when taxation is applied at the time of asset segregation
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            Sponsored by MDDPMonika Marta Dziedzic, Paweł Wyciślik, and Bartosz Głowacki of MDDP highlight key Polish rulings on permanent establishment, offering guidance for foreign companies assessing corporate tax risks linked to local employees, office space, and remote work
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            Sponsored by CuatrecasasThe government’s proposed VAT reforms for residential property construction and rehabilitation are eagerly anticipated, says André Areias of Cuatrecasas, who emphasises the urgent need to review a ‘complex and outdated system’
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