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2026

Coffee’s Tariff Exemption Reveals Trump’s Revenue Conundrum (06/12/2026)

To understand the contradictions at the heart of President Donald Trump’s trade policy, look no further than the humble cup of coffee.

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US Is Closely Watching Global Minimum Tax ‘Integrity Guidance’ (06/12/2026)

The US Treasury is keeping a close eye on forthcoming guidance from the OECD that’s meant to ensure the global minimum tax framework maintains its integrity, a top department official said Friday.

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Musk Trillionaire Status Stokes Democrats’ Tax-the-Rich Push (1) (06/12/2026)

Democratic lawmakers seized on Elon Musk’s new status as the world’s first trillionaire to renew calls for a wealth tax on the richest Americans as affordability concerns dominate national politics.

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Global Forum Secretariat convenes workshop to advance implementation of the amended Common Reporting Standard in the Caribbean

This OECD item discusses implementation of the amended Common Reporting Standard and the Crypto-Asset Reporting Framework in Caribbean jurisdictions. It focuses on the legal, IT, and reporting steps needed for future automatic exchanges, with implications for tax transparency, cross-border reporting, and international tax administration.

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Anthropic CEO Floats Tax on AI Firms to Fund Universal Income (06/11/2026)

Anthropic CEO Dario Amodei called on governments to tax AI companies to fund a universal basic income and introduce employee retention incentives to account for the potential impact the technology could have on the labor market.

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EU Dismisses Digital, Gambling Taxes in Amended Spending Plan

A late effort to include new EU-wide taxes in the bloc’s next budget plan fell through as none of the additional levies—on digital services, crypto assets, and online gambling—were included in the amended proposal.

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IRS, Canada Agree on World Cup Participants’ Income Allocation (06/10/2026)

Participants of the 2026 FIFA World Cup can use a proportional formula to allocate the prize money and other compensation they receive among the countries hosting the tournament, the IRS said Wednesday.

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Irish Corporate Tax Intake Masks Weakness, Fiscal Watchdog Warns (06/10/2026) Author: Olivia Fletcher

Ireland’s healthy economic headline numbers mask growing weaknesses in the public finances, the state’s fiscal watchdog has warned.

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Australia’s Tax Proposals Mean No Capital Gain Without Pain (06/10/2026)

Australia is proposing changes to its country’s capital gains framework by expanding what is considered "real property." The proposed law applies retroactively to 2006. Under the proposed laws, real property would be given a broad statutory definition. This broadens the Australian tax base for foreign investors.

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US May budget deficit shrinks but customs collections turn negative due to tariff refunds

This article reports that tariff refunds exceeded gross customs collections, causing net customs receipts to turn negative for the month. The development shows how tariff refund administration following litigation over emergency tariffs can affect customs revenue and monthly government receipts data.

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