Global Scans · Tax · Weekly Summary

• [New] Ahead of the 2027 general elections, President Bola Ahmed Tinubu has pushed through with an ambitious tax reform bill, following the politically explosive removal of fuel subsidies upon his swearing-in as president in 2023. / Nigeria Modern Diplomacy
• [New] US President Donald Trump says he will charge a 10% import tax starting in February on goods from eight European nations because of their opposition to American control of Greenland. Australian Broadcasting Corporation
• [New] The European Union and the U.S. are both considering scoring crypto assets based on how clean or dirty they are, while the IMF has proposed a carbon tax on crypto miners that could raise $5 billion per year in revenue while cutting carbon pollution up to 110 million tons. The Cool Down
• [New] Minnesota tax professionals and vendors should prepare for a key change in sales tax remittance requirements beginning in calendar year 2027. DMA
• [New] Taxes could be cut dramatically, turbocharging growth and turning Denmark into one of the most competitive economies in Europe. NextBigFuture.com
• [New] The Austrian government plans to put a tax on imports from overseas in the form of a so-called package levy. Just Food
• [New] Austria plans to halve the VAT on certain food prices, a scheme that will be funded by a tax on non-recyclable plastics. Just Food
• [New] Growth forecasts for renewable expansion through 2030 were revised downward by the IEA, driven largely by policy shifts and incentive rollbacks in major markets like the United States and China, where declining tax credits and regulatory changes have dampened investor confidence. GlobalCom PR Network
• [New] In the United States, expected GDP growth in 2026 is 2%, where the tax cuts in Trump's One Big Beautiful Bill (OBBB) will provide growth impulses of around 0.5-1 percentage points. Storebrand Asset Management
• [New] Princeton will likely face a tax liability exceeding $223 million in 2026. The Nation
• [New] Housing markets across Scotland and northern England are expected to deliver the strongest house price growth in 2026, as more expensive markets in southern England continue to adjust to higher mortgage rates and property taxes. Yahoo Finance UK
• [New] Many Russian economists have warned that increasing the value-added tax rate can have only a short-term effect on revenue: high taxes depress economic activity and reduce consumer spending power, pushing more Russians into the shadow economy. Foreign Affairs Magazine
• [New] The California Wealth Tax could raise $100 billion over five years, a figure intended to offset deep fiscal pressures. Mirror Review
• [New] Anticipated drivers include interest rate cuts, increased investment in AI, and lower corporate tax rates, while easing global trade tensions are expected to provide additional support for worldwide expansion. TowneBank
• [New] If the OBBBA tax incentives successfully offset the increased cost of imported goods, the M&A boom could extend well into 2027. Statesman-Examiner
• [New] In the United States, a combination of reduced trade friction, tax policy tailwinds, and easier financial conditions is expected to drive growth to 2.6%, outperforming the global average. Ainvest
• [New] One immediate effect of the UK's tax changes has been an increased demand for alternative programmes, so we could also see more countries launching new regimes in 2026. Millionaire Migrant
• [New] The EU is developing cross-border AI tax standards for 2027 implementation. AI Goldrush
• [New] The IRS expects to receive about 164 million individual income tax returns in 2026, with the vast majority of taxpayers filing electronically. Yahoo Finance
• [New] The loss of tax credits for the purchase of EVs has already reduced demand in the U.S., and a reduction in future sales is expected. DRI Drive
• [New] U.S. economic growth will accelerate to 2.6% in 2026, driven by tax cuts, reduced tariff drag and Federal Reserve rate cuts. Fox Business
• [New] Over the remainder of the Financial Plan, hotel tax collections are projected to rise at an average annual rate of 4.7%, reaching $966 million by FY 2029. Office of the New York City Comptroller Mark Levine

Last updated: 19 January 2026