Natalie Olivo

Five German residents have been indicted on charges related to their participation in a €188 million ($217 million) value-added tax fraud scheme, European Union authorities said Friday.

A French court decision that upheld the nation's digital services tax could bolster similar measures in other European Union member states, but legal backing may mean little if countries use DSTs as bargaining chips in tariff negotiations with the United States.

An Israeli law firm's suit alleging that U.S. Department of the Treasury regulations regarding overseas income create disproportionate burdens for small entities may continue, a D.C. federal judge said, though dismissing a parallel claim brought by an individual attorney.

The Organization for Economic Cooperation and Development's project against base erosion and profit shifting has led to a greater alignment of corporate profits and economic substance, but challenges remain in combating tax avoidance, according to an OECD report released Wednesday.

Poland is expanding withholding tax exemptions offered to investment funds following a European Court of Justice ruling that found the country was offering disproportionate benefits to certain foreign funds, the government said Wednesday.

Officials from Hong Kong and Rwanda signed a tax treaty Thursday, marking the latest accord that Hong Kong reached with a participant in China's global infrastructure project, the Belt and Road Initiative, to help spur bilateral trade and investment.

Finland has adopted a law that will allow it to automatically exchange information with other European Union countries to help ease compliance obligations under an international minimum corporate tax regime known as Pillar Two, the government announced Thursday.

U.K. retail investors now can include in their tax-advantaged savings accounts debt securities related to crypto-assets, which were previously limited to professional investors, HM Revenue & Customs announced Wednesday.

A British tobacco company didn't wait too long to seek repayment of taxes it mistakenly paid on foreign dividends, a U.K. appeals court ruled Wednesday, rejecting HM Revenue & Customs' contention that the claims were time-barred.

The U.S. Supreme Court agreed Friday to take up a case contending that a deceased homeowner's estate was denied its constitutionally owed compensation when a Michigan county sold a tax-foreclosed property at a fraction of its fair market value.