Global Scans · Tax · Weekly Summary

• [New] Looking ahead to 2026, recruitment platforms expect AI adoption and new tax policies to further reshape hiring strategies. VnExpress International
• [New] If the IEEPA tariffs are permanently enjoined, the remaining tariffs will increase federal tax revenues by $53.8 billion in 2026, or 0.17% of GDP, and fall outside of the top 20 tax increases since 1940. Tax Foundation
• [New] Pesticide expenses and fuel and oil costs are expected to decline in 2026, while property taxes, fees and electricity expenses are forecast to increase. American Farm Bureau Federation
• [New] The talks, which will also examine initiatives to curb tax abuse, are a last chance for Europe to tackle tax-dodging US multinationals. Positive News
• [New] Speculation is building one of Australia's most controversial tax breaks will be overhauled as the centrepiece of 2026's federal budget, with senior government ministers refusing to categorically rule out changes despite days of reports. 9News
• [New] The expiration of enhanced premium tax credits in 2026 will mark the first time that most ACA Marketplace enrollees experience a significant increase in their premium payments, making past years' effectuation rates unreliable indicators of 2026's rate. KFF
• [New] Extending the tax holiday to 20 years, followed by a concessional regime, considerably enhances India's attractiveness as a global financial hub and is expected to draw long term foreign capital and high value financial services. KPMG
• [New] In Europe, legal and tax compliance is one of the most critical areas of risk for companies. FinExtra
• [New] Major tax changes are set to take effect in 2026, and they will affect nearly every Canadian taxpayer. REALnorth Opportunities Fund
• [New] Countries are pushing ahead with their own digital taxes, risking confrontation with the U.S. Eide Bailly LLP
• [New] To encourage long-term investment, the Budget proposes a tax holiday until 2047 for foreign companies providing global cloud services via Indian data centers. OpenGov Asia
• [New] A tax holiday has been announced for foreign companies providing cloud services, extending up to 2047. ClearTax
• [New] The IRS will sunset the Electronic Federal Tax Payment System in late 2026 in favor of IRS Direct Pay and other methods. Sullivan and Cromwell LLC
• [New] The fiscal year 2027 (FY27) Union budget signals a broader reset in India's tax policy, combining efforts to reduce disputes and ease compliance for domestic taxpayers with targeted measures to offer greater certainty to global investors in strategic sectors. Mint
• [New] Up to one-third of small and medium-sized companies could close in 2026 due to higher taxes. The Moscow Times
• [New] With lower corporate taxes, foreign investors will likely invest more in Australia, leading to a larger economy. The Conversation
• [New] New tax cuts are expected to bolster consumer spending in 2026, which could benefit consumer staples stocks. / USA Morgan Stanley
• [New] Americans' take-home pay in 2026 is expected to tick up slightly because the IRS is raising the standard deduction and adjusting tax brackets for inflation, which can lower many workers' taxable income. American University
• [New] Fiscal stimulus - particularly in the form of a tax cut, which is likely in the US - could offset the effect of the depressed terms of trade on disposable income and output, but only at the price of higher inflation (beyond the impact effect of tariffs on the price level). Bruegel | The Brussels-based economic think tank
• [New] The Fair Tax Foundation's support for a global minimum tax goes way beyond the vital revenues it will raise. Fair Tax Foundation
• [New] US multinationals will still be subject to the global minimum tax across much of the world. Fair Tax Foundation
• [New] The Budget's focus will be on boosting earnings growth and offering tax incentives to encourage foreign investment back into India. Economic Times

Last updated: 09 February 2026