The Treasury Department wants to update its tax treaties with Vietnam, Romania, and Switzerland after the US signed an updated protocol with Croatia in April.

Certain US-owned foreign companies will be allowed to make an election on their amended 2025 tax returns that would permit them not to compute foreign currency gains and losses.

Canadian Prime Minister Mark Carney said Trump administration officials have been clear that they don’t want to trigger a vote in Congress by changing the “fundamental architecture” of the North American free trade deal.

The US Justice Department says it has dropped plans for a $1.8 billion “anti-weaponization” fund that critics denounced as a “slush fund” for President Donald Trump’s supporters.

President Donald Trump denied claims that he filed a “collusive” lawsuit against a US agency under his control to orchestrate the creation of a $1.8 billion fund for alleged victims of political “weaponization,” which critics said would be used to enrich his allies and supporters.

Colombia’s budget deficit is set to narrow this year and in 2027, according to latest finance ministry forecast. However, those projections assume the approval of a tax bill raising a significant chunk of additional revenue.

The Australian Official Gazette June 11 published Act No. 169, Compilation No. 61, on the updated consolidated text of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, current as of ...

The German lower house of parliament (Bundestag) June 9 accepted for consideration Bill No. 21/6333, to permanently reduce the VAT rate on supplies of gas and heat. The bill includes ...

The French Administrative Court of Appeal of Versailles June 4 issued Decision No. 24VE01416, clarifying the deductibility of expenses and input VAT on shareholder-owned property works. The taxpayer, a company ...

The Moroccan Chamber of Representatives June 8 passed Bill No. 12.25, to ratify the air services agreement with Cote d’Ivoire, signed Jan. 17, 2025. [Morocco, Chambre des representants, 06/08/26]

The Brazilian Official Gazette June 10 published Decree Nos. 13,005 and 13,006, promulgating the second protocols to the: 1) 2018 DTA With Singapore, signed April 17, 2023, which entered into ...

The Philippine Court of Tax Appeals June 9 issued a decision in CTA Case No. 10731, clarifying unutilized input VAT refunds on zero-rated sales. The taxpayer, a VAT-registered power generation ...

The US Justice Department says it has dropped plans for a $1.8 billion “anti-weaponization” fund that critics denounced as a “slush fund” for President Donald Trump’s supporters.

A bill reflecting Alaska Gov. Mike Dunleavy’s (R) alternative tax strategy for a proposed liquefied natural gas megaproject won wide approval in the state House Friday despite concerns it would deprive local governments of revenue.

The Rhode Island Governor signed a law that includes a surtax on personal annual income over $1 million, beginning on and after Jan. 1, 2027. The law takes effect on ...

The Louisiana Governor signed a law concerning the Medicaid program and the Supplemental Nutrition Assistance Program (SNAP). The law includes: 1) authorizing the legislative auditor to access individual-level state income ...

The Vermont Governor signed a law that includes: 1) authorizing businesses to round the final amount for cash transactions to the nearest nickel, but providing that all taxes and fees ...

Massachusetts Gov. Maura Healey (D) signed a budget bill Friday that ties five business deductions to maintaining the state’s 5% personal income tax rate, putting fresh pressure on a proposed ballot measure that could lower the rate to 4%.

Months of warnings that supply disruptions from the Iran war could cause devastating spikes in crude prices have eroded some of the oil industry’s credibility with the White House, just as executives are now cautioning that global inventories are dipping perilously low.

The US said an interim peace deal that reopens the Strait of Hormuz and ends Iran’s nuclear weapons ambitions looks increasingly likely and could be signed within days, though conflicting messages between Washington and Tehran continued to cast doubt on that timeline.

Elon Musk and his executives had one overarching message for the army of people working on the SpaceX initial public offering over the past six months: Faster, move faster.

SpaceX had the largest stock-market debut in history when it went public on June 12. The company raised $75 billion in the initial public offering and ended its first day on the public markets with a market capitalization of around $2.2 trillion. The IPO turned SpaceX founder Elon Musk into the world’s first trillionaire.

SpaceX, which had already negotiated to pay razor-thin fees on its record initial public offering, somehow managed to get an even better deal out of its investment bankers.

In New York City, the heart of financial capitalism, there were plenty of signs of excitement about SpaceX’s IPO, which set off a feeding frenzy on Wall Street and turned Elon Musk into the world’s first trillionaire.