Government ❯ Fiscal Policy

Taxation

Income Tax Fuel Taxes Public Spending Goods and Services Tax Corporate Tax Tax Cuts Wealth Tax Government Spending Revenue Generation National Insurance

Bizkaia Unveils Large Tax Cuts to Keep and Attract Talent

Using Basque fiscal powers, the package offers steep deductions plus targeted incentives that will apply on next year’s tax returns.

D.C. Council Restores More Than $400 Million to Social Programs

Government Rebalances Levies and Leaves Pump Relief Limited

Hacienda Removes Premium Fuel Subsidy and Cuts Supports for Magna and Diesel

Hacienda Cuts Fuel Subsidies and Raises IEPS Rates for May 30–June 5

Italy Links POS Terminals to Cash Registers, Uncovers €5.3 Billion in Taxable Sales

Hacienda Raises Weekly Fuel IEPS Subsidies to Keep Diesel Price Cap

Mexico Targets 550,000 Nonpaying Companies in New SAT Enforcement Drive

Federal Constitutional Court Upholds Pakistan’s Super Tax, Curbs Judicial Reach in Tax Policy

Mexico Plans Sargassum Circular-Economy Park as Hoteliers Build Market for Seaweed Products

Brazil Appeals Court Keeps Block on 12% Crude Export Tax

Italy Reports €36.2 Billion in 2025 Anti-Evasion Recoveries, a New Record

Brazil’s Lower House Passes Fiscal Fix to Unlock Paid Paternity Leave

Valencian Government Rules Out Tourist Tax for This Year and the Legislature

U.S. February Deficit $308 Billion, Year-to-Date Gap Falls to $1.004 Trillion

Argentina Defers Full Fuel-Tax Hike, Sets Limited March Increase Under Decree 116/2026

Wong Defends Fiscal Forecasts, Says GST Still Needed Despite S$15.1 Billion Surplus

Japan Inflation Cools to 1.5%, Testing BOJ’s Next Moves

ARCA Sets Automatic Fines, Waiting Periods Under Inocencia Fiscal

Moody’s Puts India’s FY27 Growth at 6.4%, Banking Outlook Stays Resilient