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Fiscal Policy

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China’s New 20% Trust Tax Forces Wealthy to Rework Offshore Structures

The change raises tax visibility into offshore accounts, risking forced asset sales to cover liabilities with broader enforcement likely.

Manguinhos Refinery Site Seized by Federal Government and Scheduled for Auction

Takaichi Pledges Steps to Protect Those Excluded From New Income‑Linked Benefit

Germany Unveils 26‑Point Plan to Toughen Tax and Financial‑Crime Laws

NRW Cabinet Approves Record €115.5 Billion 2027 Budget With €5 Billion New Borrowing

Mexico Raises Weekly IEPS Support for Magna and Diesel While Premium Remains Unsubsidized

Japan Sets 10‑Year Bond Coupon at 2.7%, Highest Auction Level Since 1997

Germany Reports Record Rise in State Investment Driven by Equipment Spending

Brazil Opens First Tax and Customs Attaché in Beijing

Mexico Sells $6.3 Billion In Bonds to Buy Back Short‑Term External Debt

Argentina Authorizes Up to 400 Billion Pesos in Advance Payments to Three Provinces

Pakistan Proposes Fixed Tax Regime for Small Traders

Indonesia Raises Rates in Surprise Move to Halt Rupiah Slide

Mexico’s Audit Office Cancels 332 Targeted Reviews and Shifts to Entity‑Level Integrated Audits

Spain Approves Record €170.3 Billion Financing Package for Regions and Localities

Argentina’s RIGI Approvals Put $1.8 Billion a Year in Foregone Taxes Under Spotlight

Bercy Announces €6.2 Billion Savings Package and a Vague €3.2 Billion Credit Freeze

India Plans Fresh Push To Fund Electric Two‑Wheeler Subsidies

Klingbeil Opens Door to 'Rasenmäher' Cuts

Newsom’s May Budget Balances Near Term but Leaves a Large Structural Shortfall