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Global Scans · Tax · Weekly Summary


  • [New] Implementation of a UK corporate re-domiciliation regime will require primary legislation to make the required changes to company and tax legislation. Mishcon de Reya LLP
  • [New] Inflation is broadly expected to remain in the 2% -3% range, interest rate conditions remain uncertain, and annual updates to Canada Revenue Agency limits, along with legislative and tax policy changes, may affect planning assumptions. Learning
  • [New] To keep the Highway Trust Fund solvent as fuel-tax revenue declines, states would collect annual EV registration fees - starting at $130 for a full electric vehicle and $35 for a plug-in hybrid, rising every two years from 2029. Tentrucks
  • [New] Sensible public policy would allow tax concessions only for businesses that will eventually lift Australian living standards. The Sydney Morning Herald
  • [New] This week's wealth tax developments reflect continuing debate across California, Connecticut, Washington, New York City, and beyond, with supporters framing new taxes as a response to inequality and public-funding pressures while critics warn about migration, competitiveness, and legal risk. Family Enterprise USA
  • [New] 2026's Federal budget included significant changes to tax policy that will have a material impact on Australia's housing markets over the short, medium and long term. Westpac IQ
  • [New] Widespread AI-driven job losses could eventually undermine UK tax revenues if income tax and National Insurance receipts decline significantly. CPA | The Credit Protection Association
  • [New] Further to Canada's proposed National Electricity Strategy, the federal government will support upgrades to electricity systems across Canada and increase generation - including adding major high-voltage intra-provincial transmission to the Clean Electricity Investment Tax Credit. Prime Minister of Canada
  • [New] A central feature of the 2026-27 Federal Budget is tax reform designed to improve disposable income for working Australians. Zoom Recruitment
  • [New] A Working Australians Tax Offset valued at 250 dollars per year will commence from the 2027-28 income year and is projected to benefit more than 13 million workers. Zoom Recruitment
  • [New] The UK already places a relatively heavy tax burden on tourism, particularly through VAT, so there's a real risk of undermining competitiveness over time with incremental costs making the UK less attractive as a visitor location. Conference News
  • [New] The UK's competitiveness will depend on implementation and in particular regulatory execution, tax treatment, and transactional efficiency, all of which remain critical factors in client domicile decisions. Clifford Chance
  • [New] Following the expiration of enhanced premium tax credits at the end of 2025, ACA Marketplace enrolment is projected to fall sharply from 22.3 million to approximately 17.5 million people in 2026. Alston & Bird
  • [New] US solar projects have strict deadlines between 2027 and 2030 to earn their 30% tax credit. WoodMac.Site.Features.Shared.ViewModels.Metadata.Publis
  • [New] A visibly emotional Anthony Albanese has launched an impassioned defence of Labour's proposed changes to negative gearing, the capital gains tax discount and family trusts, saying he will not allow Australia to become a country where aspiration is only for some. The Guardian
  • [New] The richest 1% of US residents are slated to receive $1 trillion in federal tax cuts over the next 10 years, while low- and middle-income families will pay higher taxes, at a time when affordability challenges continue to increase and income inequality in the US and California are already extreme. California Budget & Policy Center
  • [New] As part of the 2026-27 Federal Budget, the Australian Government has proposed significant changes to the capital gains tax regime. Baker McKenzie
  • [New] Reforms to capital gains tax, negative gearing, and discretionary trusts are a welcome move to support equal access to opportunity for Australians, and a first step to addressing the housing crisis. ASFI
  • [New] The 2026-27 Australian Federal Budget tackles important and politically difficult economic reforms, winding back long-standing tax concessions that benefit wealthier Australians. ASFI
  • [New] The average Australian worker earning $81,245 could be up to $2,816 better off annually by 2027-28 compared with 2023-24 tax settings. People Matters
  • [New] Workers will benefit from a new $1,000 instant tax deduction that will not require receipts, delivering average annual savings of about $205 to 6.2 million Australians from 2026-27. People Matters
  • [New] US wind power installations will reach about 11 GW in 2026 - the highest annual total since 2022 - as developers rush to secure valuable tax credits before they are phased out. Windpower Monthly

Last updated: 01 June 2026



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