Companies Press Treasury to Ease Book-Income Tax More in 2026

Business advocates may not be able to get rid of the book-income tax they dislike, but they’ve scored some victories in softening its impact—and they’re focused on winning more in 2026.

Israel Proposes 15% Tax on Banks’ Excess Profits Until 2030

Israel plans to impose an additional 15% tax on excess profits of banks for a period of five years, according to a draft law released by the Finance Ministry.

Colombia Declares ‘Economic Emergency’ After Tax Rises Blocked

Colombian President Gustavo Petro declared an ‘economic emergency’ after congress blocked his attempt to raise taxes.

Japan’s Ruling Coalition Agrees on Income Tax Hike for Defense

Japan’s Prime Minister Sanae Takaichi and her ruling coalition signed off on an income tax hike starting in 2027 to help finance a planned increase in defense spending, moving forward long-delayed plans as security concerns intensify.

Starmer Retreats on Inheritance Tax After Farmers’ Backlash

Keir Starmer’s Labour government has raised the threshold for inheritance tax on agricultural property from £1 million ($1.4 million) to £2.5 million, a major concession in a long-running battle with British farmers.

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Malaysia Fines Ex-PM Najib $2.8 Billion for 1MDB, Adds Jail Time

Former Malaysian Prime Minister Najib Razak, already jailed for his role in the 1MDB scandal, faces another 15 years in prison and a fine of 11.4 billion ringgit ($2.8 billion) after being convicted of abuse of power and money laundering in connection with the failed state-run fund.

Will the Global Minimum Tax End the Race to the Bottom?

In 2021, 137 countries agreed on a global minimum corporate tax rate of 15% for big global companies. This video explains why countries felt such a tax was needed and how it will work.

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The 11 Big Trades of 2025: Bubbles, Cockroaches, and a 367% Jump

As the year draws to a close, Bloomberg highlights some of the most eye-catching wagers of 2025 — the wins, the wipeouts and the positions that defined the era. Many of those bets leave investors fretting over all-too-familiar fault lines as they prepare for 2026: shaky companies, stretched valuations, and trend-chasing trades that work, until they don’t.

Coinbase Says Former Agent Arrested In India Over Exchange Hack

Coinbase Global Inc. Chief Executive Officer Brian Armstrong said that a former customer service agent for the largest US crypto exchange was arrested in India, months after hackers bribed customer service representatives to gain access to customer information.

Malaysia Fines Ex-PM Najib $2.8 Billion for 1MDB, Adds Jail Time

Former Malaysian Prime Minister Najib Razak, already jailed for his role in the 1MDB scandal, faces another 15 years in prison and a fine of 11.4 billion ringgit ($2.8 billion) after being convicted of abuse of power and money laundering in connection with the failed state-run fund.

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Russia Gazettes Entry Into Force Date for International Road Transport Agreement With Turkey

The Russian Official Gazette Dec. 23 announced that the international road transport agreement with Turkey, signed Nov. 6, 2020, entered into force Dec. 19, 2025. [Russia, Government Legal Database, 12/23/25] ...

Montenegro Parliament Considers Bill to Implement Global Minimum Tax Rate Under OECD Pillar 2

The Montenegrin Parliament (Skupstina) Dec. 22 accepted for consideration Bill No. 16-2/25-7, to implement Directive 2022/2523/EU on the global minimum tax for multinational enterprise (MNE) and large domestic groups under ...

Kazakhstan Gazettes Resolution to Sign Protocol to 2014 International Road Transport Agreement With Iran

The Kazakhstani Official Gazette Dec. 10 published Resolution No. 1076, authorizing the Ministry of Transport to sign a protocol to the international road transport agreement with Iran, signed Sept. 9, ...

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