[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
Japan will increase tax to European levels.
Japan Today
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
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
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
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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