[New] Illinois will begin taxing capital gains from certain qualifying small-business stock sales by decoupling from a federal tax exemption, generating an estimated $50 million to $60 million, and will impose a 15% tax on fantasy sports contest revenues, projected to raise $5 million.
ISACo
[New] The SFY 2027 Illinois budget package includes an estimated $815 million to $1.4 billion in new revenue, generated through a combination of tax increases, new fees, and one-time fund transfers.
ISACo
[New] Iowa HB 2757 creates a new sale and use tax exemption for tangible personal property, digital products and services sold to nuclear electric generating facilities and establishes a nuclear energy workforce fund to support workforce programs within institutions of higher education.
National Conference of State Legislatures
[New] Hawaii joined the race to the top of state income tax rates, and a new Bloomberg Economics analysis warns that UK wealth tax proposals risk undermining growth for little additional revenue-underscoring the global tension between taxing the wealthy and retaining the tax base.
Family Enterprise USA
[New] The introduction of substance-based tax incentives and Pillar Two Safe Harbour was seen as positive by survey respondents, with 38% expecting to see new tax incentives emerge as a result and 57% expecting existing incentives to remain valuable for their business.
The Global Legal Post
[New] 40% of businesses see a rising tax compliance burden as the biggest issue for their business, with 84% expecting more public tax disclosures in the next two to three years.
The Global Legal Post
[New] In Kansas, supporters see data centers as an opportunity to garner local tax revenue and high-wage construction jobs.
Business Insider
[New] A new Polish law will impose a high excise tax, flavour bans, and a whole host of other fresh restrictions on nicotine pouches, driving smokers away from using them to quit cigarettes.
New Eastern Europe
[New] Emerging markets India: India grew 5% in Q4, with volumes of 4%, with growth reflecting a step up in performance and recovery post Goods and Services Tax related disruption.
MarketScreener
Pharmaceutical manufacturers that choose not to comply with drug price negotiations will either face an excise tax of 65% to 95% of a product's sales or withdrawal of all products from both Medicare and Medicaid.
PubMed Central (PMC)
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
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
The Treasurer Jim Chalmers will try to reinvigorate Australia's lacklustre productivity growth by cutting regulatory costs by $10 billion a year for business, including for project approvals, tax system compliance, international trade and building regulations.
Governance Institute of Australia
The rise in sales is coming despite the disappearance of federal tax credits for purchasing new or used EVs created by the Inflation Reduction Act of 2022 and originally scheduled to remain in place through 2032.
CNBC
UK households are increasingly holding cash instead of investing, amid fears of changes to capital gains and inheritance tax.
CPA | The Credit Protection Association
Last updated: 24 June 2026
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