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The latest tax news from around the world, summarised and tagged for tax professionals. Updated twice daily.

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Taxand6 Aug 2026

Proposed European Union Tax Simplification

The European Union is advancing proposals aimed at simplifying its tax framework, targeting administrative burdens across member states. The initiative…

Taxand6 Aug 2026

Canada: Clean Energy Tax Credit Guidance

Canada has released guidance on clean energy tax credits, providing clarity on eligibility criteria, application procedures, and compliance requirements for…

HMRC News6 Aug 2026

Corporate report: Named tax avoidance schemes, promoters, enablers and suppliers

HMRC publishes and updates its list of named tax avoidance schemes, promoters, enablers, and suppliers operating in the UK. This…

Tax PolicyTax ControversyUnited KingdomEMEA
VAT Update6 Aug 2026

Planning Reform Could Trigger VAT Law Changes on Land Supplies

This article examines how proposed planning reform legislation could necessitate corresponding changes to VAT rules governing land supplies. Current VAT…

SAG Infotech6 Aug 2026

Renewable Energy Sector Seeks 5% GST Rate on Battery Energy Storage System Containers

India's renewable energy sector is lobbying for a reduced 5% GST rate on Battery Energy Storage System (BESS) containers, currently…

VAT Update6 Aug 2026

Tajikistan Proposes to Triple Its VAT Registration Threshold to TJS 3 Million

Tajikistan is proposing to triple its VAT registration threshold from TJS 1 million to TJS 3 million, a significant policy…

S Corporation Association5 Aug 2026

Who You Calling Progressive?

This article from the S Corporation Association challenges the characterization of certain tax proposals as 'progressive,' examining how pass-through business…

Tax PolicyPersonal Income TaxUnited StatesAmericas
The Tax Adviser5 Aug 2026

IRS guidance addresses expanded paid family and medical leave credit

The IRS has issued guidance addressing the expanded paid family and medical leave (PFML) credit, providing practitioners with updated rules…

Tax PolicyPayroll TaxUnited StatesAmericas
Journal of Accountancy5 Aug 2026

IRS guidance addresses expanded paid family and medical leave credit

The IRS has issued guidance addressing the expanded paid family and medical leave (PFML) credit, which provides eligible employers a…

Tax PolicyPayroll TaxUnited StatesAmericas
TaxProf Blog5 Aug 2026

Bloomberg: A Tax Strategy for the Rich Built the World’s Largest Hedge Fund

A Bloomberg investigation examines how a sophisticated tax strategy designed for wealthy individuals played a central role in building Bridgewater…

Tax PolicyPersonal Income TaxUnited StatesAmericas
Law360 Tax5 Aug 2026

Judge Says Firearms Act Can't Stand After Gun Taxes Zeroed

A federal judge ruled that the National Firearms Act cannot be sustained following a determination that the gun taxes underpinning…

Tax PolicyUnited StatesAmericas
CIAT5 Aug 2026

Modernización de la administración tributaria general en los últimos 10 años: un análisis tributario y aduanero

A CIAT analysis examines the modernization of general tax administration over the past decade, covering both tax and customs dimensions.…

CPA Practice Advisor5 Aug 2026

Missouri Voters Reject Plan to Phase Out State’s Income Tax

Missouri voters have rejected a ballot measure that would have phased out the state's income tax. The proposal, which sought…

Tax PolicyPersonal Income TaxUnited StatesAmericas
VAT Update5 Aug 2026

Denmark to Scrap 25% Book VAT to Boost Reading and Cut Prices

Denmark is planning to eliminate its 25% VAT rate on books in a policy move aimed at encouraging reading and…

Law360 Tax5 Aug 2026

Finance Group Urges Changes To UK Tax Reporting Rules

A finance industry group is urging changes to UK tax reporting rules, signaling potential regulatory or legislative developments in how…

ITR Direct Tax5 Aug 2026

How ESR and pillar two are converging across the GCC

This article examines the convergence of Economic Substance Regulations (ESR) and Pillar Two rules across Gulf Cooperation Council (GCC) countries.…

VAT Update5 Aug 2026

Airlines must invoice USD 1 departure tax as separate line item

A regulatory update requires airlines to invoice a USD 1 departure tax as a distinct, separately itemised line on passenger…

VAT Update5 Aug 2026

Airlines get transition window before January 2027 reporting switch

Airlines have been granted a transition window before a mandatory switch to a new reporting regime taking effect in January…

ITEP Blog5 Aug 2026

Missouri Voters Reject Amendment 5 and a Damaging Tax Shift onto Working Families

Missouri voters rejected Amendment 5, a ballot measure that would have shifted the tax burden onto working families. The proposal,…

Tax PolicyPersonal Income TaxUnited StatesAmericas
ITEP Blog4 Aug 2026

Trump Says Exxon and Chevron Are Ripping Off Americans, But His Own Policies Are to Blame

ITEP analysis argues that while President Trump has criticized Exxon and Chevron for excessive profits, his own tax and energy…

Tax PolicyCorporate Income TaxUnited StatesAmericas
Tax Foundation4 Aug 2026

Wealth Taxes in Europe, 2026

A Tax Foundation analysis examines the state of wealth taxes across European nations heading into 2026, surveying which countries levy…

Tax PolicyPersonal Income TaxNorwayFranceSwitzerlandSpainGermanyItalyBelgiumEMEA
CPA Practice Advisor4 Aug 2026

Form 990: Classifying a School That Hasn’t Opened Yet: Obtaining IRS Approval and What Happens If the IRS Disagrees

This article examines the IRS Form 990 classification challenges for schools that have not yet opened, focusing on how organizations…

Tax PolicyTax ControversyUnited StatesAmericas
Law360 Tax4 Aug 2026

Australia Seeks Feedback On Extending Gains Tax Rules

Australia's government is seeking public feedback on a proposal to extend its capital gains tax rules, signaling a potential broadening…

TaxProf Blog4 Aug 2026

WashU Law Publishes Symposium Issue on Taxing, Spending, and the Constitution

Washington University Law has published a symposium issue examining the constitutional dimensions of taxing and spending powers. The publication brings…

Tax PolicyUnited StatesAmericas
CIAT4 Aug 2026

16 medidas tributarias para impulsar el dinamismo empresarial

CIAT outlines 16 tax measures aimed at boosting business dynamism and economic growth. The measures span a range of areas…

Thomson Reuters State & Local Tax4 Aug 2026

Wisconsin issues tax bulletin detailing differences between federal and state tax law for 2026

Wisconsin has issued a tax bulletin outlining the differences between federal and state tax law applicable for 2026. The bulletin…

Quaderno4 Aug 2026

What Is Streamlined Sales Tax? SST Explained for Sellers

The Streamlined Sales Tax (SST) program is a multistate initiative designed to simplify sales tax compliance for sellers operating across…

Tax PolicySales TaxUnited StatesAmericas
VAT Update4 Aug 2026

Public Consultation on Updated VAT Doctrine for Books Following Conseil d’État Audiobook Ruling

France's tax authority has launched a public consultation to update its VAT doctrine on books following a landmark Conseil d'État…

CPA Practice Advisor3 Aug 2026

About 2,000 People File for Exemptions to NYC Pied-à-Terre Tax Amid Controversial Rollout

Approximately 2,000 property owners have filed for exemptions to New York City's new pied-à-terre tax, which targets non-primary residential properties,…

Tax PolicySales TaxUnited StatesAmericas
Tax Foundation3 Aug 2026

Cigarette Taxes by State, 2026

This Tax Foundation resource compiles cigarette excise tax rates across all U.S. states for 2026, providing a comparative overview of…

Tax PolicySales TaxUnited StatesAmericas
Tax Foundation3 Aug 2026

Tariff Refunds Have Wiped Out Tariff Revenue Since May

Analysis from the Tax Foundation reveals that tariff refunds and exclusions granted since May have effectively eliminated net tariff revenue…

Tax PolicyCustoms & TradeUnited StatesAmericas
CIAT3 Aug 2026

Integración de la excelencia técnica: la arquitectura de la tecnología fiscal en 2026

This CIAT article examines the architecture of tax technology systems heading into 2026, exploring how tax administrations are integrating technical…

TaxProf Blog3 Aug 2026

(Even) More on NYC’s Pied-à-Terre Tax

This article discusses ongoing developments surrounding New York City's proposed pied-à-terre tax, which would impose a levy on non-primary residential…

Tax PolicyPersonal Income TaxUnited StatesAmericas
Thomson Reuters Tax Blog3 Aug 2026

60 economies, two tariff tiers, and one deadline that’s already passed: Is your trade team ready for the next wave?

With US tariff policy creating two-tier structures across 60-plus economies and key deadlines already passed, trade teams face urgent compliance…

Tax PolicyCustoms & TradeUnited StatesAmericas
Tax Justice Network3 Aug 2026

When measurement is political: Accounting for natural resources and the true location of sales under unitary taxation

This article from Tax Justice Network examines the politically contested nature of measurement in unitary taxation, focusing on two key…

CIAT3 Aug 2026

Oportunidades y Desafíos de las Administraciones Tributarias. Encuentro de Administradores Tributarios del CIAT 2025 (Ahora disponible en Francés)

CIAT's 2025 Tax Administrators Meeting publication — now available in French — outlines key opportunities and challenges facing tax administrations…

CPA Practice Advisor3 Aug 2026

Trump Appeals Ruling Against His IRS Audit Immunity Deal

The Trump administration is appealing a court ruling that struck down an arrangement providing audit immunity to Trump from IRS…

Tax PolicyTax ControversyUnited StatesAmericas
CPA Practice Advisor3 Aug 2026

Billionaire Tax is Endorsed by California Democrats

California Democratic lawmakers have formally endorsed a proposed billionaire tax targeting ultra-high-net-worth individuals. The measure would impose taxes on unrealized…

Tax PolicyPersonal Income TaxUnited StatesAmericas
ICTD Publications3 Aug 2026

From Law to Practice: Bhutan’s GST Rollout and Lessons for Small Digitalising Economies

This article examines Bhutan's GST rollout, analyzing the transition from legislative framework to practical implementation in a small, digitalizing economy.…

ICTD Publications3 Aug 2026

From Law to Practice: Bhutan’s GST Rollout and Lessons for Small Digitalising Economies

This publication examines Bhutan's GST rollout, analysing the transition from legislative framework to practical implementation in a small, digitalising economy.…

TaxProf Blog3 Aug 2026

MTC Expands Digital Tax Project to Prediction Markets, Crypto

The Multistate Tax Commission (MTC) has expanded its digital tax project to cover prediction markets and cryptocurrency. This development signals…

VAT Update3 Aug 2026

Chancellor Confirms Budget Date for 28 October 2026

UK Chancellor has confirmed the next Budget will be delivered on 28 October 2026. The announcement sets a firm date…

Tax PolicyUnited KingdomEMEA
VAT Update3 Aug 2026

Japan’s Consumption Tax Faces First-Ever Cut Under Takaichi Plan

Japan's consumption tax, currently set at 10%, faces its first-ever proposed reduction under a plan associated with Sanae Takaichi. The…

Global VAT Compliance3 Aug 2026

Thailand: Cabinet approves extension of 7% reduced VAT rate

Thailand's Cabinet has approved an extension of the reduced 7% VAT rate, maintaining the current level rather than allowing it…

Global Tax Justice2 Aug 2026

TAFJA Open Letter Addresses Asian Governments on Tax Justice Imperatives

The Tax and Fiscal Justice Asia (TAFJA) coalition has published an open letter to Asian governments calling for stronger tax…

VAT Update2 Aug 2026

Senegal Grants VAT Relief for Agricultural Equipment, Facilities and Services to Cut Investment Costs

Senegal has introduced VAT relief measures targeting agricultural equipment, facilities, and related services with the aim of reducing investment costs…

VAT Update2 Aug 2026

Digital Services Tax — latest developments and policy direction

This article reviews the latest global developments and evolving policy direction surrounding Digital Services Taxes (DSTs). It covers updates across…

Customs Today1 Aug 2026

FBR beats July revenue target by Rs40b

Pakistan's Federal Board of Revenue (FBR) has exceeded its July revenue collection target by Rs40 billion, signalling a strong start…

Tax PolicyPakistanAPAC
HTJ Tax1 Aug 2026

The Proposed PPLI Abuse Act

The proposed Private Placement Life Insurance (PPLI) Abuse Act targets high-net-worth individuals using PPLI structures to shelter investment income and…

Tax PolicyPersonal Income TaxUnited StatesAmericas
VAT Update1 Aug 2026

Georgia Finance Ministry Rejects Proposal to Raise VAT Registration Threshold

Georgia's Finance Ministry has rejected a proposal to raise the VAT registration threshold, maintaining the current level for businesses. The…

Law360 Tax31 Jul 2026

Ala. Localities Can't Tax Only Railroads, 11th Circ. Says

The 11th Circuit Court of Appeals ruled that Alabama localities cannot impose taxes that apply exclusively to railroad companies, finding…

Tax PolicyTax ControversyUnited StatesAmericas
HMRC News31 Jul 2026

Disclosure of tax avoidance schemes

This HMRC overview page explains the UK's Disclosure of Tax Avoidance Schemes (DOTAS) regime, which requires promoters and users of…

Tax PolicyTax ControversyUnited KingdomEMEA
CPA Practice Advisor31 Jul 2026

IRS Modernization Bill Approved by Senate Panel

The U.S. Senate panel has approved an IRS modernization bill aimed at upgrading the agency's technology infrastructure, streamlining taxpayer services,…

Tax PolicyTax TechnologyUnited StatesAmericas
Customs Today31 Jul 2026

Federal Tax Ombudsman recommends ‘faceless’ income tax refund system

Pakistan's Federal Tax Ombudsman has recommended the introduction of a 'faceless' income tax refund system to reduce human interaction in…

S Corporation Association31 Jul 2026

199A Trigger Warnings

This article from the S Corporation Association examines Section 199A, the 20% pass-through deduction for qualified business income, focusing on…

Tax PolicyPersonal Income TaxUnited StatesAmericas
Sovos31 Jul 2026

When Congress Changes a Filing Deadline, Businesses Change Everything Else

The article examines the downstream operational impact on businesses when Congress proposes changes to IRS information return filing deadlines. When…

Tax PolicyPayroll TaxUnited StatesAmericas
ITR Direct Tax31 Jul 2026

A taxing week: Could this be the new UK PM’s most important decision?

This article discusses a significant UK tax policy decision facing the Prime Minister, examining potential changes to the UK's fiscal…

Tax PolicyUnited KingdomEMEA
Global VAT Compliance31 Jul 2026

EU: New regulation strengthens VAT fraud cooperation

The European Union has introduced new regulations to strengthen cooperation among member states in combating VAT fraud. The updated framework…

1StopVAT31 Jul 2026

UK Digital Services Tax Revenue Surpasses £1 Billion in 2025/26

The UK's Digital Services Tax (DST) has surpassed £1 billion in revenue for the 2025/26 fiscal year, marking a significant…

Withum30 Jul 2026

The Hidden Tax Credits Cannabis Farmers Are Leaving on the Table in New York

Cannabis farmers in New York are missing out on significant tax credits available under state law, particularly agricultural tax incentives…

Tax PolicyPersonal Income TaxUnited StatesAmericas
Withum30 Jul 2026

Florida State Tax Updates

This article provides an overview of recent Florida state tax legislative and regulatory updates. It covers changes relevant to businesses…

Tax PolicySales TaxUnited StatesAmericas
Withum30 Jul 2026

New Hampshire State Tax Updates

This article summarizes recent state tax developments in New Hampshire, covering legislative and regulatory changes affecting businesses and individuals in…

Tax PolicyCorporate Income TaxUnited StatesAmericas
The Tax Adviser30 Jul 2026

Senate Finance Committee advances tax bill backed by AICPA

The Senate Finance Committee has advanced a tax bill supported by the AICPA, signaling legislative progress on measures likely affecting…

Tax PolicyUnited StatesAmericas
Journal of Accountancy30 Jul 2026

Senate Finance Committee advances tax bill backed by AICPA

The Senate Finance Committee has advanced a tax bill supported by the AICPA, signaling legislative progress on tax provisions of…

Tax PolicyUnited StatesAmericas
TaxProf Blog30 Jul 2026

Bloomberg: Netflix Tax Scrapped in Canada But Streamers Face New Levy

Canada has scrapped its proposed Netflix tax while introducing a new levy on streaming services. The policy shift affects major…

CIAT30 Jul 2026

El CIAT y la SEFAZ Alagoas avanzan en la modernización tributaria con la firma de los primeros productos tecnológicos

The Inter-American Center of Tax Administrations (CIAT) and the Secretariat of Finance of Alagoas (SEFAZ Alagoas) in Brazil have signed…

Taxand30 Jul 2026

Spain: Supreme Court to Review IBI Tax Rebates

Spain's Supreme Court has agreed to review the application of rebates on the Impuesto sobre Bienes Inmuebles (IBI), the municipal…

CPA Practice Advisor30 Jul 2026

Will Trump Accounts Make a Significant Difference in Lives of Young People?

The article examines 'Trump Accounts,' a new savings vehicle proposed under U.S. legislation that would provide tax-advantaged investment accounts for…

Tax PolicyPersonal Income TaxUnited StatesAmericas
VAT Update30 Jul 2026

The Transfer of Own Goods Under ViDA: From Today’s Registration Maze to the Single VAT Registration

An analysis of how the EU's VAT in the Digital Age (ViDA) reforms will simplify the treatment of transfers of…

VAT Update30 Jul 2026

Portugal Expands Housing VAT Relief and Retroactively Clarifies Urban Rehabilitation Tax Rules

Portugal has expanded VAT relief measures for the housing sector and introduced retroactive clarifications to urban rehabilitation tax rules. The…

VAT Update30 Jul 2026

Japan Finalizes Plan to Cut Food Consumption Tax to 1% Temporarily

Japan has finalized a plan to temporarily reduce its consumption tax on food items to 1%, down from the current…

VAT Update30 Jul 2026

NEA Seeks Higher VAT Threshold to Ease Domestic Electricity Bills

The NEA (likely a national electricity authority) is lobbying for a higher VAT registration or exemption threshold specifically to reduce…

VAT Update30 Jul 2026

Senegal’s VAT Reform Fails to Boost Farm Productivity

An assessment of Senegal's VAT reform intended to boost agricultural productivity reveals the policy has failed to deliver expected gains…

1StopVAT30 Jul 2026

EU Inc. Explained: The EU’s 28th Regime for Company Law, VAT & Corporate Tax Implications

The EU is exploring a 28th regime for company law, creating a unified supranational legal form ('EU Inc.') alongside existing…

CPA Practice Advisor29 Jul 2026

Mamdani Defends Pied-à-Terre Tax Rollout as 17,000 Homeowners Notified They Could Get Hit

New York City mayoral candidate Zohran Mamdani is defending the rollout of a proposed pied-à-terre tax targeting non-primary residential properties.…

Tax PolicyPersonal Income TaxUnited StatesAmericas
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