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Global Scans · Tax · Weekly Summary


  • [New] A £25bn tax increase would be equivalent to around 0.8% of GDP and, according to Capital Economics, could push the total UK tax burden to a new high of about 39% of GDP. CPA | The Credit Protection Association
  • [New] Cuban's comments suggest potential negative implications for the billionaire wealth tax, indicating it could decrease support if wealthy individuals relocate. Crypto Briefing
  • [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
  • 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
  • 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
  • A structured internal review reduces operational disruption and supports ongoing compliance with UAE tax obligations. ripplellc.ae
  • 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

Last updated: 21 September 2026



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