Our Scans · (FS.6.04) Individual Tax Liabilities · Weekly Summary

• Bracket creep will strengthen personal income tax revenue thanks to a continued growth in wages, while a slowdown is expected for VAT receipts as a range of reduced VAT rates are to enter into force in 2026. / Ireland Economy and Finance
• Labour's tax hikes, the Tories' ongoing freeze on personal tax thresholds and below-inflation increases to working-age benefits will lead to a £400, or 1%, fall in disposable income for a typical household. The Independent
• Direct indexing and SMAs collectively may exceed US$ 3.0 trillion in assets by 2026, offering a fresh way to customize portfolios for tax optimization or personal investment themes. FundCount
• A new refundable tax credit of up to $1,100 per year for personal support workers will support recruitment and retention in long-term care and home support sectors that are both labour-intensive and critical to Canada's aging population. Peacock Tariff Consulting -
• Unpredictability, complexity and frequent change is challenging for dealmakers: US policy shifts could disrupt investment flows, while the UK's changes to personal tax rules add complexity and challenge competitiveness. Travers Smith
• Hunt's tax cut could cheer Conservative MPs, nervous at the U.K.'s historically high levels of personal taxation after massive state intervention during the coronavirus pandemic and the energy price shock of Russia's Ukraine invasion. Politico
• Indonesia's Revenue Department has announced that it will impose personal income tax requirements on overseas earnings on digital currencies and other digital assets. Coingeek
• The United Workers Union will move to rein in the controversial and generous stage-three personal income tax cuts for high-income earners due to come in after 2024's federal budget. The New Daily
• The income tax relief enacted by Iowa legislators and Governor Reynolds, in addition to allowing individuals and families to keep more of their paychecks, will yield significant savings for small businesses, the majority of which file under the personal income tax system. Forbes

Last updated: 02 December 2025