Global Scans · Tax · Weekly Summary

• [New] An uncompetitive tax regime could push capital and financial-sector jobs out of the UK. CPA | The Credit Protection Association
• [New] Louisiana will give tax breaks / rebates for aerospace projects, legal immunity from nuisance lawsuits, critical infrastructure protections, and efforts to streamline permitting. NextBigFuture.com
• Because many of the leading AI developers are themselves American firms, policymakers weighing an AI tax would need to consider whether other countries might respond in kind. Bipartisan Policy Center
• Labour could use a gas tax to tick many boxes: budget repair and fairness and providing a clear signal that the needs of Australians come first. The Sydney Morning Herald
• The US national debt hitting $40 tn for the first time - after having doubled over the past decade - is stoking fear that Trump's tax and spending plans are unsustainable. The Guardian
• Tax exemption proposed till tax year 2040-41 for foreign company storing components in bonded warehouse in India for supply to contract manufacturer manufacturing specified electronic goods. EY
• Crypto exchanges in Singapore will have to collect more customer tax information from 2027. Fintech Singapore
• The new 1% remittance tax taking effect in 2026 could reshape how millions of Americans send money abroad and create major compliance headaches for banks, financial companies, and money transfer providers. KLR
• Australia's monthly CPI is expected to slow further to 3.5% y/y from 3.8%, but the ending of fuel tax rebates points to a substantial upside risk, with core Trimmed Mean seen unchanged at 3.6%, and per se reinforcing the RBA's current tightening bias. ADMISI
• A well-designed hybrid GST-SST model could offer a uniquely Malaysian solution: one that combines the transparency and efficiency of GST with the practicality and simplicity of SST, while harnessing the transformative potential of e-Invoicing and digital tax administration. The Star
• Malaysia could retain SST structures for certain sectors where they continue to operate effectively, while introducing GST-like credit mechanisms for specific transactions or industries where tax cascading presents a material challenge. The Star
• Beyond mere risk avoidance, maintaining high standards of UAE corporate tax compliance serves as a hallmark of corporate health. CTC Tax & Accounting
• FTA registered tax agents integrate tech to enhance precision and speed, aligning with Vision 2031's smart governance push. / UAE Tulpar Global Taxation
• In the United Arab Emirates, where the FTA enforces excise tax on sweetened drinks rigorously, proactive oversight averts disruptions. Tulpar Global Taxation
• HMRC plans more than 30,000 interventions in 2026 targeting tax fraud and associated illegal activity. CPA | The Credit Protection Association
• The IRS offers a 30% tax credit for qualifying insulation improvements under the Inflation Reduction Act through 2032. AL Home Services
• Illinois will waive and not seek to collect interest and penalties from taxpayers who pay all outstanding tax liabilities during the amnesty period. Plante Moran
• Russia's self-imposed economic constraints will persist as it is slowly forced to increase its tax take on the public and business to offset what it will likely never again recoup from the energy sector. The Moscow Times

Last updated: 21 September 2026