Global Scans · Tax · Weekly Summary

• [New] The IRS is rolling out new reporting requirements that will make hiding digital asset gains nearly impossible, fundamentally changing how millions of Americans handle crypto taxes. The Tech Buzz
• [New] New legislation could make the US a pioneer in federal digital asset integration as lawmakers move to normalize Bitcoin tax payments. Crypto Briefing
• [New] The UK's system will connect tax, welfare and employment databases. The Conversation
• [New] Corporation income tax is set for a strong boost of EUR 3 billion from 2026 onwards, as Ireland's Domestic Top-up Tax applying a minimum effective tax rate of 15% for large corporate groups is foreseen to start generating receipts. Economy and Finance
• [New] The IMF will provide extensive technical assistance to strengthen public financial management, finalise new tax legislation, and develop a strategy for legacy debt, stressing the need for a simple and competitive tax regime and strong governance as state-owned enterprises are restructured. MUFG Research
• [New] The possibility of reform means that timing and coordination between UK and US tax systems will become even more critical. Blick Rothenberg
• [New] The effect of the super-deduction will reduce Canada's marginal effective tax rate by over 2 percentage points, from 15.6% to 13.2%, enhancing Canada's competitiveness with the US following its own tax reforms implemented in the One Big Beautiful Bill Act. Cassels
• [New] The vulnerability of Ireland's public finances to international developments, such as shifting US trade and tax policies or the global tax rules, remains the key risk exacerbated by the significant concentration of revenues in few pharmaceutical and ICT companies. Economy and Finance
• [New] Through 2033, tax credits, grants, and local-content rules will influence sourcing strategies, prompting investment in regional supply chains and spurring orders for turnkey lines, training, and aftermarket services across North America and Europe. Straits Research
• [New] The Section 232 tariffs will increase US federal tax revenue by $602 billion over the next decade. Tax Foundation
• [New] Policy pressure grows, with proposals for taxes and warning labels, California's school meal ban, and industry pushback against NOVA. CNS Media
• [New] Comprehensive investment programmes - including a tax relief package worth €46 billion and an infrastructure fund of €500 billion - are supporting industry and have raised growth forecasts for 2026. / Germany KOF Swiss Economic Institute
• [New] The 24 million people who get their health coverage through Affordable Care Act marketplaces are going to see their premiums more than double after an enhanced tax credit expires at the end of the year. The Guardian
• [New] The new so-called 'mansion tax' charge will see the Treasury use the existing council tax system to revalue 2.4m of the most valuable properties across bands F, G and H over the next few years - representing one in 10 English homes. City AM
• [New] $1 billion in existing state revenue will now be invested into the Texas Water Fund annually when state sales taxes exceed $46.5 billion. KCBD
• [New] Companies looking for new tax-efficient investing opportunities and gain deferral strategies should reassess their investment options, paying particular attention to which geographies are likely to qualify in 2027. BKC, CPAs, PC
• [New] Vietnam is set to pilot an online tax declaration portal this month, ahead of full implementation in January 2026. Bernama
• [New] Trump's economic revival plan via tax incentives, deregulation, and reshoring will indirectly also enhance Malaysia's growth by opening new supply chains that need agile, high-skill partners. Eurasia Review
• [New] A small tax on just seven of the world's biggest oil and gas companies for example could grow the UN fund for responding to loss and damage by more than 2000% and help address the costs of extreme weather events. Greenpeace International

Last updated: 24 November 2025