Nomadic Tax Institute
Publicly sourced cross-border tax developments. Dates, status and scope are shown separately so they can be read in context.
2645 updates
Status requires verification
The standard deduction for individual taxpayers will increase to $14,600, and for married couples filing jointly, it will rise to $29,200, reflecting adjustments for inflation.
Editorial impact label: High
Proposed
A new global minimum tax rate of 15% has been proposed to combat tax base erosion and profit shifting by multinational corporations.
Editorial impact label: High
Proposed
The government has proposed an increase in the tax offset for low-income earners, aimed at providing additional financial relief and encouraging workforce participation.
Editorial impact label: High
Proposed
New tax credits will be introduced for businesses investing in renewable energy projects, promoting sustainable practices across various industries.
Editorial impact label: Medium
Proposed
The Canada Workers Benefit will see an increase in the maximum benefit amount for low-income workers, aimed at providing additional financial support.
Editorial impact label: High
Proposed
The personal allowance threshold for income tax will be increased to £13,500, allowing individuals to earn more before paying income tax.
Editorial impact label: Medium
Status requires verification
The standard deduction for individual taxpayers will increase to $15,000 for single filers and $30,000 for married couples filing jointly, aimed at providing tax relief.
Editorial impact label: High
Proposed
A proposed policy aimed at establishing a minimum corporate tax rate of 15% for multinational corporations to prevent tax avoidance and ensure fair contributions across jurisdictions.
Editorial impact label: High
Proposed
The government has proposed an increase in tax credits for low-income families to provide additional financial support.
Editorial impact label: High
Proposed
A new tax on revenue generated from digital services provided by large tech companies operating in the UK.
Editorial impact label: High
Status requires verification
The Child Tax Credit has been expanded to provide greater financial relief to families, increasing the credit amount and adjusting eligibility criteria to include more low-income households.
Editorial impact label: High
Status requires verification
Implementation of a minimum global corporate tax rate set at 15% to combat tax avoidance and ensure fair taxation across jurisdictions.
Editorial impact label: High
Status requires verification
Under the One, Big, Beautiful Bill (OBBB), new deductions (senior, tips, overtime, auto loan interest), updated credits (adoption credit refundable portion), and stricter social security number requirements for Child Tax Credit are effective beginning with the 2025 tax year. These changes may reduce withholding requirements and increase refunds for eligible taxpayers.
Editorial impact label: High
Status requires verification
This policy introduces enhanced tax credits for businesses investing in renewable energy projects, aiming to promote sustainability and reduce carbon emissions.
Editorial impact label: High
Proposed
The UK government has proposed an increase in the annual exempt amount for Capital Gains Tax from £12,300 to £15,000, effective from January 1, 2025. This change aims to provide taxpayers with greater relief on capital gains realized from the sale of assets.
Editorial impact label: Medium
Status requires verification
The Child Tax Credit will be expanded to provide greater financial support to families with children, increasing the credit amount and eligibility thresholds.
Editorial impact label: High
Status requires verification
The introduction of a global minimum corporate tax rate aimed at curbing tax avoidance by multinational corporations.
Editorial impact label: High
Proposed
The government has proposed an increase in the tax offset for low-income earners to provide additional financial relief and support.
Editorial impact label: High
Proposed
The Canadian government has proposed an increase in tax credits for low-income families to alleviate financial burdens and support economic recovery.
Editorial impact label: High
Status requires verification
IRS published a new Schedule 1-A and updated Form 1040 instructions for tax year 2025 to enable taxpayers to claim various deductions under OBBB: no tax on qualified tips (up to $25,000), no tax on qualified overtime ($12,500; higher for joint filers), no tax on car-loan interest (up to $10,000), and enhanced deduction for seniors ($6,000). Establishes definitions, phase-outs, and eligibility rules, including SSN requirements and filing jointly if married.
Editorial impact label: High