Global Scans · Tax · Weekly Summary

• [New] Robots could represent both labor-saving and labor-enhancing activities, which demand very different treatments, and that benefits captured by innovators have already been scant even before adding taxes. Institute for New Economic Thinking
• [New] By the end of 2026, Crux expects tax credit transfers in the US - an integral part of the US clean energy financing space introduced by the Biden-era Inflation Reduction Act (IRA) - to be as high as US$ 49 billion in 2026, up as much as 18% from 2025. PV Tech
• [New] China's National Development and Reform Commission (NDRC) has set a binding renewable energy target of 35% non-fossil electricity by 2030, while the U.S. Inflation Reduction Act provides tax credits of up to 30% for solar manufacturing and deployment. Persistence Market Research
• [New] By closing loopholes on profit-shifting and tax havens, and setting new taxes, nationally and globally, on the profits of the biggest polluters and on extreme wealth, countries could unlock public funds urgently needed for climate action, nature protection and essential public services. Greenpeace International
• [New] 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
• [New] A North Carolina House committee approved a bill ending a property tax break for new utility-scale solar projects starting in 2027. WRAL
• [New] From 2026, the amounts due under the Greek tonnage tax will be increased annually by 4%. Meijburg & Co Tax & Legal
• [New] An estimated 65% of UAE firms are currently at risk of a significant valuation gap due to the miscalculation of deferred tax liabilities under the 2026 corporate tax framework. CTC Tax & Accounting
• [New] The UAE government is to introduce a minimum price at which liquids used in vapes and electronic cigarettes will be subject to its sin tax rules. The National
• [New] Japanese PM Sanae Takaichi plans a temporary cut of the food consumption tax from 8% to 1% for two years starting in 2027 to ease inflation pressure on low- and middle-income families. ST
• [New] The rise in interest costs will not only add to Washington's debt pile, complicating Trump's tax and spending plans, but also make life harder elsewhere - including the UK and France ahead of tough budgets. The Guardian
• With the arrival of 2026, tax solutions powered by AI will completely change the way companies handle compliance and financial planning. The Fino Partners
• Section 232 tariffs, Section 301 tariffs, and Section 338 tariff on Canada, will increase taxes per US household by $900 in 2026. Tax Foundation
• Donald Trump has continued to threaten new tariffs if EU Member States proceed with plans to tax major US digital platforms. Europe a Contre-Courant
• Australia's LNG export boom has intensified domestic calls for higher export taxes and stricter gas reservation policies, but the ACCC forecasts a 13 PJ natural gas surplus in Q4 2026, reducing the likelihood of export restrictions or government intervention. More News From NowHere
• Under devolution plans announced last week, by early 2028 regional mayors across England will be able to keep a share of income tax generated in their area. The Guardian

Last updated: 24 August 2026