Welcome to Shaping Tomorrow

Global Scans · Tax · Weekly Summary


  • [New] Friday's deal will net $209bn in taxes for Venezuela, plus $100bn in investments. Al Jazeera
  • [New] 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
  • [New] 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
  • [New] 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
  • [New] 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
  • [New] 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
  • [New] 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
  • [New] FTA registered tax agents integrate tech to enhance precision and speed, aligning with Vision 2031's smart governance push. / UAE Tulpar Global Taxation
  • [New] 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
  • [New] 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
  • [New] 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
  • [New] 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
  • [New] The South Korean government has said it will offer tax breaks and subsidies totaling $900 million to create and purchase electric and fuel cell vehicles. Straits Research
  • [New] The new 1% remittance tax taking effect in 2026 could reshape how millions of Americans send money abroad and create major compliance headaches for banks, financial companies, and money transfer providers. KLR
  • [New] HMRC plans more than 30,000 interventions in 2026 targeting tax fraud and associated illegal activity. CPA | The Credit Protection Association
  • [New] The Union Budget 2026-27 and the Income Tax Rules, 2026, together introduce a mix of fiscal incentives, compliance reforms, and sector-specific support measures aimed at accelerating industrial growth. / India India Briefing News
  • [New] For tax years 2026 through 2029, California will impose a 100% tax on any settlement fund payments received by taxpayers from the Anti-Weaponization Fund established by the federal Department of Justice or any similar fund, settlement, or agreement. Plante Moran
  • [New] The IRS offers a 30% tax credit for qualifying insulation improvements under the Inflation Reduction Act through 2032. AL Home Services
  • [New] Robots could represent both labor-saving and labor-enhancing activities, which demand very different treatments, and that benefits captured by innovators have already been scant even before adding taxes. Institute for New Economic Thinking
  • [New] By the end of 2026, Crux expects tax credit transfers in the US - an integral part of the US clean energy financing space introduced by the Biden-era Inflation Reduction Act (IRA) - to be as high as US$ 49 billion in 2026, up as much as 18% from 2025. PV Tech
  • [New] China's National Development and Reform Commission (NDRC) has set a binding renewable energy target of 35% non-fossil electricity by 2030, while the U.S. Inflation Reduction Act provides tax credits of up to 30% for solar manufacturing and deployment. Persistence Market Research
  • [New] By closing loopholes on profit-shifting and tax havens, and setting new taxes, nationally and globally, on the profits of the biggest polluters and on extreme wealth, countries could unlock public funds urgently needed for climate action, nature protection and essential public services. Greenpeace International

Last updated: 31 August 2026



Please stand by...

The magic is happening, but it might take a couple of minutes.

Login