Global Scans · Technavio · Weekly Summary

• Technavio predicts growth of USD 3.27 billion from 2025-2029 at 19.1% CAGR, highlighting AI's role in redefining landscapes. hexalytics.com
• Specialty coffee shops are projected to grow by $50.8 billion from 2025 to 2029, at a CAGR of 7.1%, as per a Technavio report cited in Yahoo Finance. WebProNews
• Growth in Sub-Ohm Vaping Devices: With a projected 25% increase in high-powered pod adoption, sub-ohm vapers can expect more options tailored to their needs in 2025 (Source: Technavio, 2023). Vape Blog - Vape Blog - Vaping News, Trends, Tips & Rev
• Industry officials expect Trump to roll back Biden's EV push and attempt to repeal tax incentives that Trump claims benefit China. KSAT
• With tens of millions of baby boomers retiring and starting to draw benefits, and fewer people in the workforce paying taxes for each retiree, Social Security is expected to run short of cash in 2033. KGOU
• C ountries can raise $2.1 trillin a year by following the example of Spain's successful wealth tax on the 0.5% richest households - that's double the amount needed annually for developing countries' external climate finance, expected to be at the center of COP 29 negotiations this year. IFC Review
• The world could raise $2.1 tn a year by emulating Spain's wealth tax on the richest households - double the sum needed for developing nations to implement their climate action plans by 2030. Positive News
• An important enabler to improve profitability is accelerating the mix of battery production in the U.S. that will qualify for the Advanced Manufacturing Tax Credit. MarketScreener
• The remittance basis will be replaced with a residence-based regime giving 100% tax relief on foreign income and gains for new arrivals in their first four years of tax residence, if they were non-UK tax resident for the 10 years before arrival. Evelyn Partners
• In addition to the Canada Growth Fund's investment and carbon contract for difference, Entropy is expected to be eligible for the federal government's Carbon Capture, Utilization, and Storage investment tax credit, which offers tax credits worth up to 60% of eligible expenditures. Deputy Prime Minister of Canada
• The tax incentives provided for investors at Scotland's green freeports will go a long way to de-risking new developments and innovations. Power Technology
• Two years after President Joe Biden's landmark climate law promised to kick-start green hydrogen production with generous tax credits, companies still do not know who will qualify. BNN Bloomberg
• If a foreign individual remains a tax resident in China for over six years, they will be taxed on their global income, including income sourced outside China and paid by overseas parties. China Briefing News
• The Inflation Reduction Act in the U.S. is projected to allocate approximately 161 billion U.S. dollars towards clean electricity tax credits from 2022 to 2031. Statista
• Extended the Residential Clean Energy Credit, ensuring that households will be able to continue receiving a tax credit to cover up to 30% of the costs of installing, among others, rooftop solar and battery storage through 2034. U.S. Department of the Treasury
• The proposed expansion of the Child Tax Credit would benefit 1 in 5 American children under 17 and lift 500,000 children out of poverty by the end of 2025. Diocese of Southern Ohio
• Low- and moderate-income families with children under 17 years of age will receive direct financial assistance in the form of a refundable child tax credit from New York State to ease the already high cost of living and caring for a child. Governor Kathy Hochul
• This month, the New York State Department of Taxation and Finance will begin mailing checks to more than 1.5 million New Yorkers who received the 2023 Empire State child credit. A. Parness Company CPA
• The current beneficial tax regime will be replaced with a new residence-based regime under which individuals coming to the UK can elect not to pay UK tax on foreign income and gains in their first four years of UK tax residence. Pinsent Masons
• A transitional rule providing that individuals previously eligible for the remittance basis but not eligible for the new four-year regime would only be subject to UK tax on 50% of their non-UK income in 2025/26 will no longer be introduced. Mishcon de Reya LLP

Last updated: 22 June 2026