US: House Republicans call on President Trump to advocate ending UK DST
The letter mentions that, since 2020, the UK Digital Services Tax has collected over USD 3 billion, diverting economic profit from American innovators and workers to foreign coffers. US Congressman Ron Estes (R-Kansas) led 21 of his colleagues in
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US: IRS announces tax relief to Wisconsin storm, flooding, and mudslides victims
Wisconsin taxpayers now have until 2 February 2026 to file various federal individual and business tax returns and make tax payments. The US Internal Revenue Service (IRS) released WI-2025-04 on 17 September 2025, in which it announced tax relief
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US: Treasury, IRS adds 39 substances to superfund list subject to excise tax
These additions will generally take effect for tax purposes starting 1 January 2026, while the specific effective dates for refund claims under section 4662(e) are detailed individually for each substance. The US Treasury Department and Internal
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EU: US framework GILTI, Net CFC Tested Income regimes to operate alongside Pillar 2
The EPRS "At a Glance" note (15 September 2025) reports that under the G7 Statement, US-parented groups will be excluded from Pillar 2’s IIR and UTPR, with US GILTI and Net CFC Tested Income rules applying alongside the global minimum tax
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US: New Mexico extends tax deadlines for Mora County flood victims
On 29 August 2025, Governor Michelle Lujan Grisham declared a state of emergency in Mora County after heavy rainfall caused widespread flooding. New Mexico’s Taxation and Revenue Department is allowing an extension for individuals and
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US,Dominican Republic CbC reporting exchange agreement enters into force
Dominican Republic and US begin automatic CbC report exchange. The Dominican Republic’s Directorate General of Internal Revenue (DGII) announced through Notice 18-25 on 9 September 2025, that a competent authority arrangement with the US for
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US: Supreme Court to fast-track Trump tariff case
The US Supreme Court will hear oral arguments in early November 2025 following the Court of Appeals’ upholding of a 28 May ruling that the Trump Administration exceeded its authority to impose broad tariffs under the International Emergency
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US: Trump administration revises tariff exemptions, introduces trade incentives via executive order
Effective from 8 September 2025, the changes affect Annex II of the "Liberation Day" tariff policy. The US has revised its "Liberation Day" tariff exemptions under a new Executive Order signed by President Donald Trump on 5 September 2025. The
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US: IRS issues USD 162 million in fines for fraudulent tax credit claims promoted on social media
The IRS warns taxpayers about rising social media scams promoting the misuse of tax credits, such as the Fuel Tax Credit and the Sick and Family Leave Credit, which have led many to file invalid returns and face denied refunds and penalties. The
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US: Trump signs executive order advancing trade agreement with Japan
The executive order sets a 15% tariff on Japanese imports to the U.S., replacing the previous 35% rate, retroactive to 7 August 2025, while eliminating tariffs on civilian aerospace goods, metals (aluminium, copper, steel), and automobiles and
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US: IRS calls on taxpayers to review emergency preparedness plans
The IRS urges individuals and businesses to update their emergency preparedness plans, safeguard essential documents, and maintain accurate records to facilitate recovery and access to disaster assistance during peak hurricane and wildfire
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US: Michigan provides tax filing and payment relief for storm-affected residents
Individuals and businesses in Houghton and Ontonagon counties can request additional time to file state tax returns and pay state tax bills, with penalties and interest waived. Michigan State Treasurer Rachael Eubanks announced on 2 September
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US: Trump to impose tariffs on chip imports for companies resisting US production shift
"We will be putting a very substantial tariff, not that high, but fairly substantial tariff, with the understanding that if they come into the country, if they are coming in, building, planning to come in, there will not be a tariff. If they are not
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US: Colorado ends federal pass-through deduction link, cracks down on tax havens to balance “one big beautiful bill” effects
Colorado will implement tax reforms, including decoupling from the federal 20% pass-through deduction and expanding tax haven jurisdictions, to address corporate tax loopholes and generate nearly USD 250 million in revenue. Colorado, under
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US: Trump administration appeals tariff dispute to Supreme Court
The Trump administration requested the Supreme Court to expedite its review by determining whether to hear the case by September 10 and scheduling arguments for November. The Trump administration has requested that the US Supreme Court on
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India to cut GST on consumer goods and hybrid cars
India plans to cut GST on 175 products, including consumer goods, small cars, and export items, to boost domestic consumption and support manufacturers. India plans to reduce the goods and services tax (GST) on about 175 products, including
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US: Trump administration seeks fast-track Supreme Court decision on tariffs
The US Appeals Court ruled that the majority of Trump-era tariffs are unlawful, but they will remain in effect until 14 October while a potential Supreme Court review is considered. US President Donald Trump announced plans to seek an expedited
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EU moves to cut tariffs under trade deal with US
These steps contribute to restoring stability and predictability in EU-US trade and investment relations, to the benefit of business, workers and citizens. On 28 August 2025, the European Commission presented two proposals to advance the
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