Global Scans · Tax · Weekly Summary

• [New] Starting in 2026, electric vehicles in China will face a minimum purchase tax rate of 5%, half of the standard 10% rate for other powertrains. EV
• [New] Proposed 21% university endowment tax and NSF budget cuts risk stifling innovation, while regional disparities in EdTech adoption may emerge from decentralized education control. Ainvest
• [New] India and France are nearing a revised tax treaty that will reduce dividend taxes for French parent companies holding over 10% stakes to 5%, while increasing it to 15% for minority shareholders. Economic Times
• [New] Following the end of the federal tax credit and some new models on hold or canceled altogether, most automakers are expected to report serious slumps in EV sales in the last months of 2025. / USA Gizmodo
• [New] Rivian no longer expects to draw revenue from selling carbon credits, and the elimination of federal tax credits up to US$7,500 for new EV purchases will also weaken demand. / USA Automotive World
• [New] The U.K. government's drug rebate tax will fall to 14.5% for new drugs in 2026 - down from nearly 23%. MM+M - Medical Marketing and Media
• [New] Health insurance premiums on the ACA Marketplace are set to rise sharply in 2026 due primarily to escalating health care costs and the scheduled expiration of the enhanced premium tax credits. Bankrate.com
• [New] The U.S. may one day eliminate federal individual income taxes, arguing that soaring tariff revenue could take its place. Harness
• [New] Price reductions on EVs are expected to help counter the scrapping of the tax credit on electric cars in the short term; however, the growing uncertainty around EV uptake could drive some automakers to stall new EV production, which could slow the pace of uptake in the coming years. Yahoo Finance
• [New] If airports succeed in passing through increased taxes and surcharges (which seems likely given the announced fee hikes for 2026), the low-cost business model might be less sustainable. The National
• [New] The One Big Beautiful Bill Act will add 0.9% to U.S. GDP in 2026 largely because it allows companies to immediately deduct capital expenditures from their taxes-spurring a huge round of corporate spending. Fortune
• [New] For decades, global companies could lower their tax bills by shifting profits across borders, leveraging incentives and complex international structures. IFC Review
• [New] Millions of Americans in four states will benefit from tax relief payments before the end of 2025. Newsweek
• [New] Norway represented the sole bright spot with registrations surging 175% to 6,215 units as buyers accelerated purchases ahead of 2026 tax changes eliminating benefits for premium electric vehicles (EVs). Automotive World
• [New] Food price inflation will remain above 5% in 2026, especially as a new sugar tax announced in the Budget does little to mitigate the rising cost of food and essentials. The Week
• [New] With the EV tax credit expiring at the end of September, industry analysts expected an acceleration in EV activity during the third quarter. Morningstar, Inc.
• [New] France's 2025 regulations will reduce tax breaks, cap rentals at 90 days per year, and enforce mandatory property registration with penalties for non-compliance. EnsoConnect
• [New] China's new reporting rules will require Chinese domestic and international internet platform enterprises to submit tax-related information to Chinese tax authorities. JD Supra
• [New] Japan is set to revolutionize its cryptocurrency tax system by 2026, introducing a flat 20% tax rate on crypto gains. OKX
• [New] Ministers are being urged to close a loophole that will allow UK banks and specialist lenders to avoid paying £2bn in tax on their payouts to motor finance scandal victims. The Guardian
• [New] From 2026, passenger taxes and other airport fees at Ben Gurion International Airport are scheduled to rise by about 14% on average. The National
• [New] The 30% solar tax credit that saves homeowners thousands of dollars will disappear by the end of 2025. A1 SolarStore

Last updated: 15 December 2025