Global Scans · Tax · Weekly Summary

• [New] The NZF proposal poses significant risks to the global economy and subjects not just Americans, but all IMO member states to an unsanctioned global tax regime that levies punitive and regressive financial penalties, which could be avoided. Mirage News
• [New] Digital currencies could allow governments to trace, tax or block payments in real time. The Conversation
• [New] Without tax credits, EV sales in the United States are expected to sink, at least in the short term. The Atlantic
• [New] The 15% global minimum tax will impose significant compliance costs. JD Supra
• [New] Artificial intelligence could displace nearly 100 million U.S. jobs within the next ten years, prompting Democrats to call for a robot tax on companies that replace human workers with machines. Insights
• [New] Labour is proposing to double the time that overseas workers will have to wait - from five to 10 years - before they can apply for indefinite leave to remain or claim any kind of benefit, including tax-free childcare, disability living allowance or housing support. The Guardian
• [New] Artificial intelligence could displace nearly 100 million U.S. jobs within the next decade, spurring Democrats to push for a robot tax on companies that replace human workers with tech. Fox Business
• [New] The Trump administration's push to make English the official U.S. language threatens decades of progress in taxpayer services for non-English speakers, risking cuts to IRS multilingual support, harder tax filing, lower compliance, and an undermined agency mission. ITEP
• [New] Individuals who opt into the new residence-based regime will not pay UK tax on foreign income and gains for the first four years of tax residence, provided they have not been UK tax resident in any of the 10 consecutive years prior to their arrival. MIT OpenCourseWare
• [New] If Congress does not extend some Affordable Care Act tax credits, health-care premiums are expected to rise at the end of the year for some Americans. CNBC
• [New] A sweeping tax bill approved by Republicans and signed by Trump reduces royalty rates for coal mining from 12.5% to 7%, a significant decrease that officials said will help ensure U.S. coal producers can compete in global markets. Los Angeles Times
• [New] Although the EY forecaster predicts a short-term spike in U.S. EV sales in Q3 as buyers rush to take advantage of the EV tax credit of up to $7,500, the timeline to reach 50% EV adoption will not happen now until 2039 - five years later than previously forecast. ESG Dive
• [New] Speaking of vehicles, when the $7,500 EV tax credits expire at the end of September, EV sales are expected to slow, so GM is already curtailing its EV production despite surprisingly strong EV sales. investing.com
• U.S. EV sales could fall 50% after incentives expire Ford CEO Jim Farley said he expects demand for electric vehicles in the United States to be slashed in half next month as federal tax incentives expire. CBT News
• The end of tax credits in the US could significantly slow progress on EVs and, by extension, on cutting emissions. MIT Technology Review
• Trump Administration changes to tax credit calculations and insurers' proposals to raise rates by a median of 18% in 2026 are expected to compound the impact of the expiration of EPTCs, resulting in the largest premium increases since 2018. Alston & Bird
• By boosting financial assistance and expanding eligibility to more middle-income families, the enhanced tax credits for Affordable Care Act marketplace plans contributed to record enrolment of more than 24 million Americans in 2025. Center for American Progress
• Under Trump's July megabill, solar and wind projects will lose a longstanding 30% federal tax credit unless they begin construction by mid-2026 or complete it by the end of 2027. New York Focus
• Trump has thrown up a slew of other new hurdles to renewable development, rewriting everything from tax rules to bird conservation laws in ways that will make investments riskier, at best. New York Focus
• By building mixed travel bundles and bringing in a shopping refund plan, travelers will see fewer tax hurdles and more reasons to explore and spend in China. Travel And Tour World
• New opportunities for reform emerge in 2025 as key policies sunset, including Tax Cuts and Jobs Act provisions, expanded Affordable Care Act subsidies, and temporary telehealth waivers. / USA Hoover Institution

Last updated: 13 October 2025