Global Scans · Tax · Weekly Summary

• [New] President Trump's historic Working Families Tax Cuts are igniting incredible opportunities for Americans to gain hands-on skills that lead to good-paying jobs. U.S. Department of Education
• [New] With the ISA allowance currently set at £20,000 per year, many savers could significantly reduce their tax exposure simply by moving part of their savings into an ISA wrapper. The Money Pages
• [New] If EU Inc survives political negotiations and actually standardizes parts of stock options, expansion rules, and cross-border operations, it could lower one of the biggest hidden taxes on European innovation: fragmentation. Tech Startups - Tech News, Tech Trends & Startup Fundin
• [New] A surge in online gambling across Africa is prompting governments to raise taxes, with South Africa proposing a 20% national tax on gambling profits that could more than double annual revenues to 10 billion rand ($607 million) from 4.8 billion rand ($285 million). OkayAfrica
• [New] The UK government has confirmed that VAT at 20% will be applied to Advance Payments, and Insurance Premium Tax at 12% will be introduced on the insurance portion of Motability leases. erkconstruction
• [New] Increasing regulatory pressures pose a significant threat to Philip Morris International's growth and profitability, with proposed measures including advertising bans, product display restrictions, flavour limitations, and potential excise tax hikes on novel nicotine products. tradingkey.com
• [New] The 45 Z tax credits have been extended to 2029, with eligibility limited to US, Mexican, and Canadian feedstocks, reinforcing energy security and domestic industry growth. ASUENE | The enterprise climate cloud platform | Carbon
• [New] Ultimately, combining proactive registration, automation, and real-time monitoring will be crucial for sellers to navigate the tightening global tax landscape effectively. Emplicit
• [New] In 2026, U.S. states are introducing new tax rules that will impact marketplace sellers significantly. Emplicit
• [New] Governor Tim Walz proposed a new tax on social media companies to support workers impacted by artificial intelligence, arguing that middle-class families are currently bearing the burden of tech disruptions. / USA Daily Trump Report
• [New] Aligning the tax convention with human rights is the best way to provide a strong foundation for a fairer global tax system that could let governments improve people's lives. Human Rights Watch
• [New] Someone with a six-figure balance in a brokerage account might consider holding separate U.S. and international funds to squeeze out a bit more tax efficiency. investing.com
• [New] As part of the terms of a new $8.1bn loan that the International Monetary Fund (IMF) recently approved, digital platforms in Ukraine will have to pay more tax, and exemptions to value added tax will be reduced. BBC News
• [New] M&A Potential: With the OBBBA tax reform providing more clarity on capital deployment, Meta may look to acquire smaller AI startups focused on Edge AI for wearables. The Chronicle-Journal
• [New] The 2026/2027 tax year represents a significant shift in the UK's fiscal landscape. Armstrong Watson
• [New] A temporary boost to income tax receipts between 2026/27 and 2027/28 is expected, due to the Temporary Repatriation Facility and its special tax rates for former non-UK domiciled individuals. Baker McKenzie
• [New] The scope of inheritance tax will be expanded so that UK agricultural land will always be subject to inheritance tax, even if it is held through a non-UK entity. Baker McKenzie
• [New] Along with changes to post-Brexit subsidies, food producers have been struggling with unpredictable weather amid the climate crisis, lower prices for their crops on global markets and the impending introduction of inheritance tax on agricultural properties. The Guardian
• [New] GDP growth is projected to approach 3% in 2026, supported by tax-cut-driven consumption and continued AI investment. UCLA Anderson School of Management

Last updated: 23 March 2026