[New] Donald Trump has threatened to place a 100% import tariff on any European country that imposes a tax on digital services from US companies.
The Guardian
[New] Social Europe The answer to the excesses of an Elon Musk-style oligarchy is a sweeping left-wing populism that will tax the rich, break up corporations, and expand government power to redistribute wealth.
Shaping Tomorrow
[New] One area of concern is the possible introduction of an exit tax, which could impose upfront capital gains tax on entrepreneurs leaving the UK.
CPA | The Credit Protection Association
[New] Banks' projections, as reflected in their funding plans, expect a slight increase in costs that will amount to 22.7% of total equity in 2026, mainly driven by a progression of other expenses, including tax and income from discontinued operations.
European Banking Authority
[New] Another 100 billion yen will be utilized as tax allocation grants that local governments can freely use, such as to subsidize fees for propane gas often used in rural areas.
The Asahi Shimbun
[New] Turkey halts BYD tax break, warns of clawback if it misses $1bn plan Turkey suspended BYD's import tax exemptions after limited progress on its planned $1 billion Manisa EV factory.
International Organization of Motor Vehicle Manufacture
[New] Financing climate investments through a wealth tax on the top 1% would decrease wealth inequality (they would then own an estimated quarter of all wealth by 2050) while addressing the unequal burden of climate damages on lower income communities.
Nature
[New] Both fiscal contraction and tax increases could reduce the competitiveness of the New York City economy, lowering, over time, the tax base below current projections.
Office of the New York City Comptroller Mark Levine
[New] There's the potential for a global minimum tax that could have an adverse effect on equity pricing.
Novogradac
[New] The UK's more comprehensive tax laws for international players mean the Halle tournament, which had seven of the top 11 players this week, will hold an advantage over London for years to come.
The Guardian
[New] Under the proposed concessions, all of Australia's 2.7m small businesses will receive exemptions from capital gains tax, with startups and testamentary trusts exempted from the tax reform proposals.
The Guardian
[New] Indonesia plans to centralize palm oil exports, while Argentina has reduced wheat export taxes.
Food Security Portal
[New] Illinois will begin taxing capital gains from certain qualifying small-business stock sales by decoupling from a federal tax exemption, generating an estimated $50 million to $60 million, and will impose a 15% tax on fantasy sports contest revenues, projected to raise $5 million.
ISACo
[New] A new social media fee on large platforms is projected to generate $200 million annually, while a 0.2% tax on digital asset transactions and services is expected to raise $60 million.
ISACo
[New] The SFY 2027 Illinois budget package includes an estimated $815 million to $1.4 billion in new revenue, generated through a combination of tax increases, new fees, and one-time fund transfers.
ISACo
[New] China could face an extra $70bn a year in interest payments, while India could face an extra $49bn, equal to 2.4% of the media citizen's after-tax income every year.
Heriot-Watt University
[New] The combination of low BIK tax rates (4% in 2026-27), income tax and National Insurance savings, and included costs like insurance and maintenance means vehicles that appear expensive become affordable. / UK
loveelectric
[New] Others will leave UK residence entirely and re-base in a lower-tax jurisdiction such as the UAE.
Ancova
[New] The NYPA is soliciting requests for qualifications in building a 1 GW nuclear power plant with construction starting no later than 2032 to qualify for federal tax credits.
National Conference of State Legislatures
[New] A higher VAT threshold for sole traders, hospitality businesses are warning that current taxes are unsustainable, and small firms are pushing back against new Companies House reporting requirements. / UK
CPA | The Credit Protection Association
[New] A low-tax, near-zero-regulation environment that is the first to allow AI-owned companies will bring significant innovation and profits to Argentina.
Latin America Risk Report
