Global Scans · Tax · Weekly Summary

• [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
• [New] With the IRS expanding its audit capacity and data-driven review tools, maintaining accurate records and proactive tax planning will be essential. Triple M Professional
• [New] Some EU countries, including Hungary and Estonia, have voiced skepticism, expressing concern that the United States might undercut Europe's tax regime. JD Supra
• [New] Indonesia's regulatory clarity is supported by an automated crypto tax system (0.11% VAT and 0.1% income tax) and plans for OJK-led VASP licensing by 2026. ICN | Crypto & Web3 Marketing Agency
• [New] The IRS set new federal tax bracket thresholds and higher standard deductions for 2025 and 2026 while rates remain 10% -37%. Empower
• [New] A traditional tax-and-spend Budget might reassure markets in the short term, but it will not be enough to break the UK out of its economic quagmire and chart a course back to national renewal. Tony Blair Institute
• [New] IRA Home Energy Rebates are rolling out through 2025-26, offering point-of-sale rebates for heat pumps, weatherization, and electrification on top of existing 25 C/25D federal tax credits. NewsBlaze
• [New] The Carbon Capture, Utilization, and Storage (CCUS) Investment Tax Credit will maintain its full credit rates for an additional five years, now applying to eligible expenditures incurred up to 2035. / Canada Lawson Lundell LLP
• [New] The higher adoption of electric cars likely reflects regulatory requirements to phase out internal combustion engines, such as California's rule requiring all new car sales after 2035 to be zero-emission vehicles, and federal tax refunds incentivizing their purchase. Nature
• [New] The combination of the expiring enhanced premium tax credits and the Trump administration's marketplace integrity and affordability rule threatens to undo more than a decade of the ACA's progress in expanding coverage and reducing the number of uninsured people. Center for American Progress
• [New] The One Big Beautiful Bill Act introduces a major shift in tax treatment for gamblers beginning in 2026, limiting the deductibility of gambling losses to 90% of winnings. Passle
• [New] More than 65 jurisdictions have already adopted or taken concrete steps toward implementing the global minimum tax and plans to share recommendations with the South African G20 Presidency on simplifying international tax rules, particularly for developing countries. Brownstein
• [New] At Berkshire Hathaway Energy, the One Big Beautiful Bill Act is accelerating the phase-out of clean-energy tax incentives, eroding returns on renewable projects that had once been a source of steady growth. / USA Insurance Business
• [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

Last updated: 17 November 2025