[New] The ATCS will give investors in 'major projects' a formal process for engaging with HMRC and obtaining greater clarity regarding certain UK tax outcomes which may arise with respect to their investment.
JD Supra
[New] A federal judge's ruling has cleared the way for Hawaii to include cruise ship passengers in a new tourist tax to help cope with climate change, a levy set to go into effect at the start of 2026.
vancouversun
[New] One key structural shift is that only leased solar systems will retain a tax credit under 48 E after 2025.
Solar Reviews
[New] Higher tax revenues will fund increased spending, but Japan, already burdened by high debt, faces challenges managing borrowing costs as the Bank of Japan exits its ultra-loose policy.
Whalesbook
[New] The current administration's trade policies, regulatory approach and tax strategies are poised to strengthen the steel industry in 2026, bolstering national security.
Steel Market Update
[New] 81% of organizations plan business change, including to their supply chains, in the next two years - an increase of 20 percentage points from the last 12 months.86% of tax and finance leaders rank data, AI and technology as a top priority.
EY
[New] India's tax regime is poised for a significant transformation with the upcoming Income Tax Act, 2025, which will replace the existing Income Tax Act, 1961.
Whalesbook
[New] California Proposed: The 2026 Billionaire Tax Act (ballot initiative) would impose a one-time 5% excise tax on net worth for individuals / trusts with US$ 1 billion.
Family Enterprise USA
[New] The Trump administration has warned the OECD that it would implement retaliatory measures should it become subject to discriminatory foreign countries with unfair tax regimes.
Forvis Mazars
[New] Energy Storage projects continue to have the original tax credit of 30% through 2033 but do need to meet the FEOC rules starting in 2026.
Clean Energy Resource Teams
[New] The anticipated reversal of key EV policies in the US under a potential Trump administration, including the removal of production mandates and the scaling back of federal tax credits, is expected to create significant uncertainty and potentially slow EV adoption.
The Chronicle-Journal
[New] The Scottish government will not increase income tax rates or introduce new bands in 2026's Budget.
BBC News
[New] Japan will increase tax to European levels.
Japan Today
[New] The UK Chancellor's autumn budget confirmed £26 billion in new taxes by 2029 to 2030, signaling a tighter fiscal environment over the next five years.
Insurance Business
[New] The 2005 Energy Policy Act reestablished a solar federal tax credit in the US, which the 2022 Inflation Reduction Act expanded and extended until 2035.
The Verge
[New] A new measure that allows English mayors to raise revenues from overnight stays, while Edinburgh will introduce a tax of 5% of the value of accommodation.
Hospitality Net
[New] The U.S. and OECD hope to outline an agreement on the global minimum tax before the end of the year.
Eide Bailly LLP
Last updated: 29 December 2025
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