Avocado Roundup is a quick morning review of top tax, legal, and climate news stories. It’s written by humans.
- US trade officials are warning that Canada’s plan to implement a 3% national digital services tax starting in 2024 could undermine the North American free trade deal. Canada has not joined the 138 countries that agreed in Paris last month to delay until 2025 a global tax accord on how multinational companies are taxed. (WSJ)
- Australia’s government says it plans a regulatory crack down on tax advisers that promote abusive tax schemes, with new laws that among other things jack up penalties by as much as 100 times. The reform is part of the government’s response to a scandal over PricewaterhouseCoopers Australia’s use of leaked tax plans, according to a report. (Reuters)
- The UK tax authority collected a record 16.7 billion pounds ($21.25 billion) in capital gains tax in the 2021-2022 financial year, up 15%, as housing sales and asset values swelled. (Financial Times)
- French real estate trusts are pouring money into the Dublin, Ireland, commercial property market, attracted by an abundance of good deals and the market’s lower tax rate. (Boursorama)
- Former Nike tax controversy and policy director Jeremy Abrams joined Foley & Lardner as state and local tax counsel in its New York and Washington offices. He earlier spent time at Reed Smith and Crowell & Morning. (LinkedIn)
