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Record petroleum levy collection as citizens face costliest fuel prices
Pakistan's Federal Board of Revenue has recorded unprecedented petroleum levy collections as fuel prices reach historic highs for consumers. The…
Govt cut super tax to 8pc as part of broad structural reforms, says Kiyani
Pakistan's government has reduced the super tax rate to 8% as part of broader structural tax reforms, according to official…
Healey Won't Rule Out Tax Hikes Despite Business Demands
Massachusetts Governor Maura Healey has declined to rule out tax increases despite pressure from the business community. The statement signals…
The Case for a Cashflow Tax
Glenn Hubbard argues that a cashflow tax represents the optimal approach for balancing economic growth, inequality reduction, and long-term fiscal…
Polsky & Yale: “Fixing the QSBS Stacking Problem”
Academics Polsky and Yale propose a fix to the 'stacking problem' in Qualified Small Business Stock (QSBS) rules under Section…
Russia opposition proposes reversing VAT hike to 20%
Russian opposition parties have proposed reversing the VAT rate increase back to 20%, challenging the government's fiscal policy. The proposal…
Key GST Rules for E-Commerce Sellers: Marketplace vs D2C
This article outlines key GST compliance obligations for e-commerce sellers in India, distinguishing between marketplace models (selling via platforms like…
UK Online Marketplaces: Is VAT liability about to shift?
The UK government is considering shifting VAT liability for sales made through online marketplaces, potentially making platforms rather than individual…
UAE tightens VAT reporting rules for cryptocurrency payments
The UAE has introduced stricter VAT reporting requirements for transactions involving cryptocurrency payments. Businesses accepting digital assets must now adhere…
Capital gains vs. wealth taxes
This article examines the comparative merits of capital gains taxes versus wealth taxes as policy instruments. The analysis likely explores…
Poland Approves First ViDA Implementation Bill, Focusing on E-Commerce and OSS Changes
Poland has approved its first legislative bill implementing the EU's VAT in the Digital Age (ViDA) directive, with the package…
Brazil: IBS and CBS elections for 2027
Brazil's tax reform introduces two new consumption taxes — the Intergovernmental Tax on Goods and Services (IBS) and the Contribution…
Chronicle of Higher Education: Bob Jones and the DEI Tax
An examination of the Bob Jones University Supreme Court precedent and its potential application to a so-called 'DEI tax' on…
Living Constitutionalism, Originalism, and the 16th Amendment
An academic discussion examining how competing constitutional interpretation frameworks—living constitutionalism versus originalism—apply to the 16th Amendment, which authorizes the federal…
Politico: Trump Calls for Hollywood Tax Incentive
President Trump has called for the introduction of a federal tax incentive targeting Hollywood film and television production. The proposal…
IMF: Taxing Cross-Border Services
The IMF has published analysis on the challenges of taxing cross-border services, a growing area of concern as digital trade…
WSJ: Red States Are Racing to Roll Back Property Taxes
Red states across the US are accelerating efforts to reduce or eliminate property taxes, reflecting a broader conservative fiscal trend.…
Chile Requires Platforms to Report Transactions by Users Claiming No Tax-Registration Obligation
Chile has introduced a requirement compelling digital platforms to report transaction data on behalf of users who claim they have…
Timor-Leste VAT implementation 2027
Timor-Leste is planning to implement a VAT system by 2027, marking a significant shift in the country's indirect tax framework.…
IRS Processing of Paper Returns Took Twice as Long This Past Filing Season
The IRS took twice as long to process paper tax returns during the most recent filing season, raising concerns about…
Hong Kong And Slovenia Sign Tax Treaty
Hong Kong and Slovenia have signed a bilateral tax treaty, marking a significant development in their cross-border tax relations. The…
Illinois Digital Asset Tax Act Draws Scrutiny as Repeal Effort Emerges
Illinois enacted the Digital Asset Tax Act, which has attracted significant scrutiny from industry participants and lawmakers alike. A repeal…
Clarke & Glogower, The Indirect Taxes
Clarke and Glogower's academic paper 'The Indirect Taxes' examines the theoretical and structural foundations of indirect taxation, including VAT, sales…
Estonia: Further Clarity on Debt Push-Down Structures
Estonia has provided further regulatory clarity on debt push-down structures, a financing technique where acquisition debt is pushed down to…
Canada: Expanding the Scope of Taxable Canadian Property
Canada is broadening the definition of Taxable Canadian Property (TCP), which determines when non-residents are subject to Canadian capital gains…
Windfall Profits Taxes in Europe, 2026
This Tax Foundation analysis examines windfall profits taxes across Europe as of 2026, reviewing how various European countries have implemented…
Ohio Senator Wants to Wipe Out Data Center Tax Breaks Nationwide
An Ohio senator is pushing federal legislation to eliminate state and local tax incentives for data centers across the United…
Trump Backs a Federal Film Tax Credit. What That Could Mean for Hollywood
President Trump has expressed support for establishing a federal film tax credit, a move that could significantly alter the competitive…
Getting Crypto Tax Reform Right Means Prioritizing Neutrality
This article argues that cryptocurrency tax reform should be guided by the principle of tax neutrality, ensuring that crypto assets…
The Only Winners from Trump’s Tariffs Are Big Corporations
An analysis from the Institute on Taxation and Economic Policy (ITEP) argues that Trump's tariff policies disproportionately benefit large corporations…
Australia Floats Bill For 30% Min. Tax On Discretionary Trusts
Australia has introduced legislation proposing a 30% minimum tax on discretionary trusts, targeting income distributed to beneficiaries. The bill aims…
The Impact of Fiscal Policy to Promote Healthy Diets: Evidence from the Navajo Nation -- by John Cawley, Mallory Dreyer, Kosali I. Simon
This NBER paper examines the fiscal policy effects of the Navajo Nation's unique tax structure on diet and health outcomes.…
Fonoa: Challenges for Digital Platform Operators as DAC7 Looms
With DAC7 reporting obligations coming into force in the EU, digital platform operators face significant compliance challenges around data collection,…
Congress approves funding bill that maintains IRS budget
Congress has approved a funding bill that maintains the IRS budget at current levels. The legislation preserves the tax agency's…
Congress approves funding bill that maintains IRS budget
Congress has passed a funding bill that preserves the IRS budget at current levels, avoiding cuts that had been proposed…
BREAKING: IRS Moves To Strip Schools' Tax Exemptions Over DEI Policies
The IRS is moving to revoke tax-exempt status from private schools that maintain diversity, equity, and inclusion (DEI) policies, marking…
IT Department Introduces Form 1 for Reporting Undisclosed Foreign Assets Under FAST-DS 2026
India's Income Tax Department has introduced Form 1 under the Foreign Assets and Tax Disclosure Scheme 2026 (FAST-DS 2026), enabling…
Brazil Sets 2026 Deadline for Small Businesses to Choose New Consumption Tax Regime
Brazil has set a 2026 deadline for small businesses to elect their treatment under the new consumption tax regime introduced…
China Local Surtax to simplify VAT-linked charges
China is introducing reforms to simplify its local surtax system, which is linked to VAT liabilities. Currently, businesses paying VAT…
Canada implements new counter-tariffs on U.S. goods, details strict remission process
Canada has introduced counter-tariffs on U.S. goods in response to ongoing trade tensions, alongside a strict remission process for affected…
Over 150 civil society organizations make joint submission on the zero draft UN Tax Convention
More than 150 civil society organizations have submitted a joint response to the zero draft of the UN Tax Convention,…
Going Bold: Paul Ryan & Kevin Brady on Tax Reform
A Tax Foundation podcast featuring former House Speaker Paul Ryan and former Ways and Means Committee Chairman Kevin Brady discussing…
What Five Revenue Raisers in the Options Guide Tell Us About Sound Tax Reform
The Tax Foundation analyzes five revenue-raising options from a policy guide, using them to illustrate principles of sound tax reform.…
N.Y. Times: Audit Revenue Has Plummeted Under Trump, Watchdog Finds
A government watchdog report covered by the New York Times finds that IRS audit revenue has dropped significantly under the…
Big Change for Colorado Income Tax Makes Ballot
A significant proposed change to Colorado's income tax structure has qualified for the state ballot, giving voters a direct say…
Crypto Tax in India 2026: Rules, Rates, Reporting & Penalties
An overview of India's cryptocurrency tax framework for 2026, covering the 30% flat tax rate on virtual digital asset gains,…
Malaysia Updates Service Tax Rules for Rental, Leasing, and MSME Exemptions
Malaysia has updated its service tax framework, introducing revised rules covering rental and leasing arrangements alongside new exemptions for micro,…
Philippines May Lose P10 Billion Annually from VAT Removal on Electricity Loss Charges
The Philippines faces an estimated annual revenue loss of P10 billion following a proposal to remove VAT on electricity system…
Maldives Bill Targets Foreign Tourism Platforms with New GST Rules
The Maldives is advancing legislation to impose GST obligations on foreign digital platforms involved in tourism-related services, such as international…
Brazil Enacts Mercosur Electronic Commerce Agreement
Brazil has enacted the Mercosur Electronic Commerce Agreement, establishing a regional framework for digital trade among Mercosur member states. The…
IRS Enforcement Revenue Fell To $93.8 Billion In 2025
IRS enforcement revenue declined to $93.8 billion in 2025, signaling a notable drop in collections from audit and compliance activities.…
Exporters Bore Higher Share of the 2025 Tariffs than Previously Estimated, New Research Finds
New research challenges earlier assumptions about who bears the cost of 2025 U.S. tariffs, finding that foreign exporters absorbed a…
What The Washington Post Misses About Social Security’s Progressivity
The Tax Foundation critiques a Washington Post analysis of Social Security's progressivity, arguing the piece overlooks key aspects of how…
What the New 1099 Reporting Rules Mean
New 1099 reporting rules are set to affect how businesses and individuals report income to the IRS. The updated requirements…
UK Maps Out Pension Fund Inheritance Tax Reporting Rules
The UK government has released draft rules detailing how pension fund administrators and personal representatives must report inherited pension assets…
Trump Calls for Federal Tax Incentives to Revive U.S. Film Industry
President Trump has called for federal tax incentives to revive the U.S. film industry, proposing measures to encourage domestic film…
An Uncertain Future for IRS Funding
This article examines the uncertain outlook for IRS funding, likely addressing ongoing legislative and budgetary pressures affecting the agency's enforcement…
Ireland Proposes Retail Investment Accounts With Flat Tax
Ireland is proposing a new Retail Investment Account designed to encourage personal investment by Irish residents, featuring a simplified flat…
Pelosi Avoids Billionaire Tax Vote as Wealth Tax Turns Toxic in San Francisco
California congresswoman Nancy Pelosi is sidestepping a vote on a proposed billionaire wealth tax as the measure loses political momentum…
Frozen Tax Bands Drag 1M Pensioners Into Higher Rates
Frozen income tax bands in the UK are pulling approximately one million pensioners into higher tax brackets as state pension…
Multistate Monitor — As states decouple from OBBB, expert explains how to address now-incorrect tax estimates
As U.S. states begin decoupling from federal tax provisions in the One Big Beautiful Bill (OBBB), tax professionals face the…
UN Tax Pact Should Avoid Gross Basis Taxes, Businesses Say
Business groups are urging negotiators of a proposed UN tax convention to avoid provisions that impose taxes on a gross-revenue…
One month until Vaping Products Duty and the Vaping Duty Stamps Scheme start
HMRC has issued a reminder that the UK's new Vaping Products Duty (VPD) and the accompanying Vaping Duty Stamps Scheme…
Brazil Enacts Taxpayer Protection Code to Strengthen Compliance and Tax Authority Cooperation
Brazil has enacted a Taxpayer Protection Code aimed at strengthening the relationship between taxpayers and the federal tax authority. The…
Australia Imposes Digital Advertising Levy to Push Tech Deals with Local News
Australia has introduced a digital advertising levy targeting major technology platforms, designed to pressure them into striking commercial deals with…
What Is AMATM? Why Africa Needs Stronger Cooperation to Fight Tax Evasion and Avoidance
The African Tax Administration Forum (ATAF) explains its African Mutual Administrative Tax Assistance Mechanism (AMATM), a framework designed to strengthen…
ATAF and the EAC Advance Regional Health Tax Cooperation
The African Tax Administration Forum (ATAF) and the East African Community (EAC) are advancing regional cooperation on health taxes, commonly…
ITR Filings Cross Record 7.8 Crore Mark for AY 2026-27, Says IT Department
India's Income Tax Department has announced a record 7.8 crore income tax returns filed for Assessment Year 2026-27, surpassing previous…
New IRS Rates Are Out: Why AFRs Matter
The IRS has released updated Applicable Federal Rates (AFRs) for the upcoming month. AFRs are minimum interest rates set by…
Siim Kallas Proved the Hard Work of Sound Tax Reform Pays Off
This article from the Tax Foundation examines the legacy of Siim Kallas, highlighting how his commitment to sound tax reform…
Ohio Couple’s Five-Month Refund Wait Puts a Face on Nationwide IRS Staffing Cuts
An Ohio couple's five-month wait for their federal tax refund illustrates the broader impact of IRS staffing reductions on taxpayer…
IRS enforcement activity fell despite record tax collections, TIGTA says
A Treasury Inspector General for Tax Administration (TIGTA) report found that IRS enforcement activity declined even as tax collections reached…
IRS enforcement activity fell despite record tax collections, TIGTA says
A Treasury Inspector General for Tax Administration (TIGTA) report reveals that IRS enforcement activity declined even as tax collections reached…
How North Carolina’s Income Tax Rate Compares to Its Neighbor States, as Voters Consider Cap
North Carolina voters are considering a constitutional amendment to cap the state income tax rate, prompting comparisons with neighboring states.…
Effects of Automatic Stabilizers on the Federal Budget: 2026 to 2036
The Congressional Budget Office examines how automatic stabilizers—tax provisions and spending programs that expand or contract with economic conditions without…
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