Global Scans · Tax · Weekly Summary

• [New] The UK is advancing CARF implementation through secondary legislation to enhance tax transparency starting in early 2026. Crypto Briefing
• [New] The CARF implementation will require crypto exchanges and other digital asset platforms to collect and report user transaction data to Finnish tax authorities. Crypto Briefing
• [New] Finland will adopt the OECD's Crypto-Asset Reporting Framework in 2026 to enhance tax transparency for digital assets. Crypto Briefing
• [New] Automating VAT reporting at the point of transaction could raise £4 billion a year in additional tax revenue. Tony Blair Institute
• [New] If the UK can not rejig motoring taxes to keep up with changes in technology, it has not a hope of easing bigger headaches in the OBR's book of scary projections, such as rising pension and healthcare costs. The Guardian
• [New] EV drivers could be charged 3 p per mile, on top of other road taxes, amounting to an extra £12 on a journey from London to Edinburgh. BBC News
• [New] Ottawa plans to attract companies to invest and innovate in Canada through investment tax credits such as the Productivity Super-Deduction, and improvements to the Scientific Research and Experimental Development tax incentive. BNN Bloomberg
• [New] The Budget will encourage companies to invest and innovate in Canada through investment tax credits, the Productivity Super-Deduction, and improvements to the Scientific Research and Experimental Development (SR & ED) tax incentives. Santis Health
• [New] Other temporary new tax provisions (available 2025-2028) include a car loan interest deduction for newly financed automobiles that are assembled in the US, and a new $6,000 deduction for 65 and older qualifying seniors, also available from 2025 to 2028. Eide Bailly LLP
• [New] Premiums for marketplace plans under the Affordable Care Act are set to rise sharply in 2026, driven by the expiration of enhanced tax credits and rising health care costs. RuralOrganizing
• [New] Finland adopts international standards to improve crypto tax data sharing and strengthen regulatory cooperation with EU and global partners by 2026. Crypto Briefing
• [New] Global harmonization efforts, such as the OECD's Crypto-Asset Reporting Framework set to take effect from 2027, will facilitate automatic sharing of taxpayer data across international jurisdictions, drastically reducing opportunities for cross-border tax evasion. The Chronicle-Journal
• [New] If enhanced premium tax credits expire, Americans could see their Marketplace health insurance premiums jump by thousands of dollars in 2026. Investopedia
• [New] Russia's finance ministry has proposed raising the value-added tax to 22% from 20% in 2026. Courthouse News Service
• [New] In 2026, entrepreneurs are bracing for another blow - higher taxes, which the Kremlin justifies as necessary to fill the military budget, the CCD noted. / Russia Ukrinform
• [New] An income-tax rise represents a clear reduction in aggregate demand, which might lead the Bank of England to reduce interest rates faster than currently expected - offsetting some of the growth impact. Tony Blair Institute
• [New] The UK's tax collector is yet to reach the levels of efficiency its investment in digital services has led auditors to expect. The Register
• [New] The combination of potential tax rises, global trade disruption and high interest rates is still anticipated to put a brake on economic momentum and produce modest growth over 2026. MIT OpenCourseWare
• [New] People beginning to shop for 2026's plans on the ACA marketplaces are experiencing sticker shock due to the expiration of more generous premium tax credits that were expanded during the covid pandemic. KFF Health News
• [New] Manchester is currently facing a critical decision on whether to introduce a formal tourist tax as it prepares to host Euro 2028. Travel And Tour World
• [New] Finland is targeting 2026 to start implementing new domestic crypto-asset reporting obligations, joining global efforts to standardize tax transparency for digital assets. Crypto Briefing
• [New] The top-quintile earners in the US are expected to see the largest benefit from Donald Trump's recent swathe of tax cuts, with a projected 3.4% increase in after-tax income for the richest. MoneyWeek
• Poland anticipates that a few thousand Polish entities will be obliged to test their effective tax rate for the purposes of the National Compensatory Tax (a qualified domestic minimum top-up tax due from Polish entities) making the NCT the main element of the Pillar Two implementation in Poland. A&O Shearman

Last updated: 10 November 2025