US restricts aircraft parts to China in trade standoff
The Trump administration has begun limiting aircraft component exports to China as part of a broader strategy to gain negotiating power over rare earth mineral access. The effort signals how Washington plans to use supply chain dependencies as
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US: IRS seeks volunteers for free tax preparation programmes
The US Internal Revenue Service (IRS) announced, on 1 October 2026, that it is recruiting volunteers and community organisations to help provide free tax preparation services during the upcoming filing season. Two programmes drive this effort:
See MoreUS: Trump Administration weighs diesel export ban amid rising fuel costs
The Trump Administration is actively considering a diesel export ban as fuel prices continue climbing across the US. President Trump stated on 30 September 2026 that conversations about blocking diesel exports happen daily, with the administration
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US: Court challenges Trump’s ‘forced labour’ tariffs
The US Court of International Trade heard arguments on 30 September 2026 over the legal validity of President Trump's global tariffs. Three federal judges examined whether the administration exceeded its authority by imposing tariffs on imports
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Bangladesh gets US tariff exemption on medicines, APIs
The US has exempted specified medicines and Active Pharmaceutical Ingredients (APIs) from import tariffs for 20 countries and regions, including Bangladesh and India. The exemption covers rare disease medicines, fertility drugs, advanced cell and
See MoreUS considers fuel tax relief as diesel prices reach record highs
The Trump administration is evaluating regulatory changes to lower fuel prices as diesel climbs to historic levels. The federal government is considering broader use of red-dyed diesel, which would allow more buyers to bypass the federal fuel tax on
See MoreUS: IRS, Treasury proposes four-year tax payment option for qualifying farmland sales
The Department of the Treasury and the Internal Revenue Service (IRS) announced on 28 September 2026 that it unveiled proposed regulations that allow sellers of qualifying farmland to spread their tax payments across four years instead of paying
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US: Court orders New York City to restart secondary home tax notices
A Staten Island court judge has directed New York City to send corrected notices to property owners in the secondary home tax case. The ruling came from Justice Wayne Ozzi of Richmond County's state Supreme Court on 29 September 2026. The judge
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Croatia: Parliament ratifies income tax treaty with the US
The Croatian parliament approved a law ratifying the income tax treaty with the US on 25 September 2026. According to the explanatory memorandum, the treaty aims to eliminate double taxation and prevent tax evasion while providing reduced
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China, US agree to broad tariff cuts, soybeans remain excluded
China's commerce ministry and the White House jointly announced a reciprocal tariff reduction plan worth USD 60 billion on 28 September 2026. Each country identified roughly USD 30 billion of goods for more favourable tariff treatment, with the
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US: Trump Administration shows no urgency on Canada trade deal as tariffs escalate
The Trump administration remains comfortable maintaining its trade standoff with Canada despite mounting economic pressures on both sides of the border. US Trade Representative Jamieson Greer stated on 25 September 2026 that Washington feels no
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US and China extend trade truce, push for bigger agreement
The US and China agreed, on 23 September 2026, to extend their trade truce by two months, pushing the expiration date to 10 January 2027. The original agreement, reached in Busan, South Korea, in May 2026, was set to expire on 10 November
See MoreUS, Morocco and Israel agree to advance tax, investment ties
The US, Morocco and Israel agreed on 16 September 2026 to strengthen economic cooperation, including by finalising agreements on investment protection and the avoidance of double taxation by the end of 2026. The commitment was made during a
See MoreUS: Treasury, IRS proposes expanded reporting rules for Opportunity Zone fund
The US Department of the Treasury and Internal Revenue Service (IRS) have issued proposed regulations establishing new reporting and certification requirements for Qualified Opportunity Funds (QOFs) and Qualified Opportunity Zone Businesses
See MoreUS: IRS issues warning on fraudulent tribal tax credit schemes
The US Internal Revenue Service (IRS), in a release on 18 September 2026, has alerted the public about a growing scam involving nonexistent "Tribal Tax Credits." Promoters are selling these fake credits to taxpayers, promising to reduce tax bills or
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US: Kansas Republican introduces amendments to international tax system, proposes BEAT, NCTI and FDDEI changes
Rep. Ron Estes of Kansas introduced the U.S. Innovation and Global Competitiveness Act of 2026 on 17 September 2026. The bill aims to modify how the US taxes multinational companies while maintaining anti-profit-shifting measures. The proposal
See MoreUS enacts disaster tax relief for casualty, wildfire losses
US President Donald Trump signed H.R. 5366, the Doug LaMalfa Federal Disaster Tax Relief Certainty Act, on 11 September 2026. The Senate and House both passed the measure with overwhelming bipartisan support. The Doug LaMalfa Federal Disaster Tax
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US: Trump signs Russia Sanctions Bill into law, India faces tariff risk
President Donald Trump signed H.R. 5334, the “Lindsey O. Graham Sanctioning Russia and Iran Act of 2026,” into law on 18 September 2026. The House of Representatives passed the legislation two days earlier with a 262-159 vote. The bill
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