[New] Under devolution plans announced last week, by early 2028 regional mayors across England will be able to keep a share of income tax generated in their area.
The Guardian
[New] Indian conglomerate Adani will pay no company tax despite generating almost $1bn in revenue from coal mining in Queensland over the past year.
The Guardian
[New] Saudi Arabia, under Vision 2030, exempts EVs from import duties and offers a 10-year tax holiday for EV manufacturing investments.
Tianjin Yigang Automobile Sales Co.,Ltd.
[New] President Donald Trump is expected to impose fresh import taxes, as 10% global levies from February are expiring.
Morningstar, Inc.
[New] The Section 232 tariffs will increase US federal tax revenue by $942 billion from 2026 through 2035.
Tax Foundation
[New] In 2026, output is projected to decline 1.4% to 32.5 million units as new energy vehicle (NEV) tax cut incentives are reduced and some PHEVs lose eligibility. / ChinaMobility Global
[New] Missouri Amendment 5 would remove a constitutional cap on the sales tax base that voters approved in 2016, allowing legislators to reduce personal income taxes in 2027's session.
MultiState
[New] Additional tax revenue generated by the semiconductor boom will be directed toward younger generations, future growth industries, regional development and talent cultivation through a newly established Future Response Fund.
Aju Press
[New] The U.S. Corporate Climate Responsibility Act mandates companies with annual revenue $1 billion to reach 40% renewable electricity consumption by 2030; non-compliant enterprises lose all federal tax incentives.
Solar Panel Production Equipment and Machinery-Lithium
[New] Debt will rise to 300% of GDP by the 2070s if there is not fiscal tightening of 3.8% of GDP by 2031-32 - that's the size of onshore corporation tax or total expenditure on education by 2030-31.
City AM
[New] The United States will impose taxes of 10% to 12.5% on imports from 60 countries, charging that they have inadequately enforced bans on goods produced by forced labour.
Spectrum News
[New] For tax year 2026, Americans who take the standard deduction will be eligible for an above-the-line charitable deduction for the first time.
Empower
[New] The UAE's corporate tax has fundamentally changed the way businesses plan their finances.
Comfi.ai
[New] The Bipartisan BUILD America 250 Act proposed a similar annual tax of $130 for EVs and $35 for plug-in hybrids that would increase by $5 every other year starting in 2029.
American Enterprise Institute - AEI
[New] A 50% tax on imports will force rapid supply-chain realignment and weaken the Canadian economy far faster than the Federal Reserve's policies will impact the U.S. dollar.
Trading Strategy Guides
[New] A land-value tax has emerged as a possible longer-term reform, but analysts warned that it cannot provide a rapid solution to the UK's fiscal pressures.
Stock Market Update
[New] Social Security's main trust fund could be depleted by early 2033, leaving incoming payroll taxes sufficient to cover only about 86% of scheduled benefits.
Knowledge at Wharton
Last updated: 03 August 2026
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