The U.S. Department of Justice (DOJ) has announced that it is expanding its enforcement priorities to include a focus on import-related fraud — particularly schemes aimed at evading U.S. tariffs and duties. This marks a notable shift in the DOJ’s trade enforcement agenda, which has traditionally emphasized export controls and sanctions compliance. The shift follows a newly issued memorandum by the DOJ’s Criminal Division, outlining how tariff evasion will be treated as a central enforcement priority moving forward. Companies that import goods...

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By Kevin Brown, Tax Principal, ANCHIN Anchin’s U.S. Expansion Playbook is a bi-weekly article series that will provide insight into the tax, accounting, operational and practical considerations for non-U.S. businesses looking to expand their operations into the U.S. The Anchin International Tax group has significant expertise and experience in assisting overseas businesses seeking entry into the U.S. market. Working closely with our industry specialists, we provide tailored support to ensure a seamless transition and successful integration into the U.S. This series of articles will...

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Commission unveils draft 2028-2034 Multiannual Financial Framework On Wednesday, 16 July, the European Commission announced the EU’s Multiannual Financial Framework (MFF) for 2028-2034. The MMF -the EU’s long-term budget- is planned to amount to €2 trillion, with European Commission President von der Leyen stating, “The next MFF will be the most ambitious ever proposed. It is more strategic, more flexible, more transparent, and we’re investing more transparent, and we’re investing more in our capacity to respond and more in our defence.” Key features...

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• EIB and EIF Boards approve €15.5 billion for transport, housing, education, energy and business investment • EIB strengthening support for water resilience The European Investment Bank Group approved a total of €15.5 billion in new financing to back business growth and corporate innovation, improve transport and energy connectivity, invest in housing and strengthen water resilience. The decisions were made at the July board meetings of the EIB and the European Investment Fund this week. The EIB Board endorsed €14.5 billion in...

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By Julianna L. Hunt, Associate, PANITCH SCHWARZE Denmark has taken a stand against the widespread popularity and growing concerns associated with deepfake technology – technology relying on artificial intelligence (AI) tools to generate images, videos, and audio recordings which, although technically fake, appear convincingly realistic.  Pop culture icons Scarlett Johansson and Tom Cruise, as well as recently deceased Pope Francis, have all fallen victim to bouts of incredibly unsettling and deceiving deepfakes created and subsequently circulated without prior consent or authorization. In light of ongoing AI advancements,...

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