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Global Scans · Tax · Weekly Summary


  • [New] The United States could raise more tax revenue. Council on Foreign Relations
  • [New] US retail sales fell 0.6% in July, surprising economists who expected a slight rise after strong second-quarter gains driven by large tax refunds. ST
  • [New] Crypto exchanges in Singapore will have to collect more customer tax information from 2027. Fintech Singapore
  • [New] If mayors received 2.5% of the 20 p basic rate of income tax, London would get £2.3bn in 2026-27 while Hull and East Yorkshire would get £135m. The Guardian
  • [New] The UK government could raise £1.6 billion annually in direct tax revenue. NESTA
  • [New] Because many of the leading AI developers are themselves American firms, policymakers weighing an AI tax would need to consider whether other countries might respond in kind. Bipartisan Policy Center
  • [New] Labour could use a gas tax to tick many boxes: budget repair and fairness and providing a clear signal that the needs of Australians come first. The Sydney Morning Herald
  • [New] A structured internal review reduces operational disruption and supports ongoing compliance with UAE tax obligations. ripplellc.ae
  • [New] Facing a sudden slide in public support, Japanese Prime Minister Sanae Takaichi is pushing forward with a high-stakes economic gamble - temporarily slashing the food consumption tax, a popular move that could prove politically costly down the road. ST
  • Friday's deal will net $209bn in taxes for Venezuela, plus $100bn in investments. Al Jazeera
  • In July, Japan increased its international tourist tax, external - typically incorporated into flight and boat tickets for people leaving Japan - from 1,000 yen to 3,000 yen, which it says will be spent on things like improving public transport and restoring historic sites. BBC News
  • Illinois will waive and not seek to collect interest and penalties from taxpayers who pay all outstanding tax liabilities during the amnesty period. Plante Moran
  • Australia's monthly CPI is expected to slow further to 3.5% y/y from 3.8%, but the ending of fuel tax rebates points to a substantial upside risk, with core Trimmed Mean seen unchanged at 3.6%, and per se reinforcing the RBA's current tightening bias. ADMISI
  • M4A would shift tens of trillions of dollars of health spending onto the federal budget, producing a $47.410 trillion federal financing requirement over 2027-2036 before new taxes and leaving a substantial financing gap even after a broad package of proposed taxes. AAF
  • A well-designed hybrid GST-SST model could offer a uniquely Malaysian solution: one that combines the transparency and efficiency of GST with the practicality and simplicity of SST, while harnessing the transformative potential of e-Invoicing and digital tax administration. The Star
  • Malaysia could retain SST structures for certain sectors where they continue to operate effectively, while introducing GST-like credit mechanisms for specific transactions or industries where tax cascading presents a material challenge. The Star
  • FTA registered tax agents integrate tech to enhance precision and speed, aligning with Vision 2031's smart governance push. / UAE Tulpar Global Taxation
  • President Trump's import taxes will hit about 5% of what Canada ships to the United States every year, on products from hockey sticks to tongue depressors. Los Angeles Times
  • The import taxes will hit roughly 5% of Canada's exports to the U.S., targeting everyday items including hockey sticks and tongue depressors and adding pressure to consumers already squeezed by high prices. Los Angeles Times
  • Loudoun County in Northern Virginia is home to roughly 250 datacenters and expects to collect $1.3 billion in 2027 from taxes on the equipment inside them. theregister
  • The US national debt hitting $40 tn for the first time - after having doubled over the past decade - is stoking fear that Trump's tax and spending plans are unsustainable. The Guardian
  • The South Korean government has said it will offer tax breaks and subsidies totaling $900 million to create and purchase electric and fuel cell vehicles. Straits Research
  • The new 1% remittance tax taking effect in 2026 could reshape how millions of Americans send money abroad and create major compliance headaches for banks, financial companies, and money transfer providers. KLR

Last updated: 14 September 2026



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