Avocado Roundup is a quick morning review of top tax, legal, and climate news stories. It’s written by humans.
- A French appeals court Monday began hearing French tax authorities’ 550 million euro ($588.7 million) fraud case against a billionaire art dealer, his nephew, ex-sister-in-law, two lawyers, and two fund managers. (Le Figaro)
- Ireland’s finance ministry is taking comments until Dec. 13 on its proposal to introduce a corporate tax participation exemption for foreign-sourced dividends starting in 2025. The proposal, to appear in the government’s 2024 finance bill, aims to keep Irish tax policies competitive and attractive for business after the country implements the global minimum tax on multinationals, according to a report. (STEP)
- UK elite law firm Linklaters cut 30 jobs cross three offices in mainland China, citing the country’s prolonged economic downturn. (The Lawyer)
Tax Policies, Court Cases, Rulings
- A West Virginia federal court sentenced a French citizen to 34 years in federal prison for his convictions for running an international tax scheme. (Justice.gov)
- A New York real estate transactions attorney pleaded guilty to operating an $18.8 million Ponzi scheme, perjury, and other charges. (Justice.gov)
- The US Internal Revenue Service said Monday it will conduct fewer audits of taxpayers who claim tax benefits for lower-income Americans. At the same time, it will boost its efforts to crack down on “unscrupulous” tax preparers who target such taxpayers, as well as its scrutiny of high earners and complex corporate partnerships. (WaPo)
Laterals, Moves, Promotions, Layoffs
- Ryan Transactional Risk, which provides specialized insurance solutions to M&A deal firms, added tax attorney Jenny Wong as vice president of North American tax insurance, based in New York, where she’ll play key role on transfer pricing insurance. She ‘s been at PwC, and in-house at Enstar Group, AIG, HSBC, and Barclays Investment Bank. She arrives from Atlantic Global Risk, where she was executive director. (RyanSpecialty.com)
