Global Scans · Tax · Weekly Summary

• [New] Washington state has approved a 9.9% income tax on million-dollar incomes, set to take effect in 2028. Mirage News
• [New] The 5 p per liter hike in the tax on fuel is set to come into force in September on a staggered basis, with fuel duty returning to the full rate by March in 2027. City AM
• [New] Expect accelerated permitting for domestic transformer manufacturing, possible tax incentives for residential islanding capability beyond the existing solar ITC, and updated interconnection standards that may eventually require new solar installations to include battery backup. Collapse Oracle
• [New] Roughly 76% of solar and 86% of wind projects slated to come online by 2029 - or about 33 gigawatts of capacity - are estimated to be safe-harbored and will retain their tax credit eligibility. Center for Strategic and International Studies
• There should 100% be a tax on AI, which could help balance the income gap in the US economy. Business Insider
• India's tax authorities have deployed an AI-based risk assessment system within the Insight platform, analysing Form 3 CEB filings, Country-by-Country Reporting data, and international exchange information to flag risks such as low-margin subsidiaries and large intra-group service payments. Maier Vidorno Altios
• Foreign companies providing global cloud services through Indian data centers will be eligible for a tax holiday extending until 2047, one of the longest concession windows in Indian fiscal history. Maier Vidorno Altios
• The UK government will increase taxes on wind and solar farms in a bid to push them on to fixed-price contracts, as part of plans to cut the link between electricity and gas prices in Britain. Electricity Info

Last updated: 04 May 2026