Developing countries are clashing with their richer counterparts on whether the UN should move forward with its own work on international tax cooperation, in a potential challenge to the OECD-led global tax deal.

The Biden administration is preparing to release next week a swathe of requirements to claim electric vehicle tax credits worth up to $7,500, including standards for the batteries and critical minerals that are meant to encourage more North American production and cut out supplies from China.

UK Prime Minister Rishi Sunak paid more than £1 million ($1.2 million) in UK taxes over the past three years, with his earnings from shares and capital gains easily eclipsing his political salary.

Germany will stop skimming off profits from power utilities this summer when a windfall tax that was created during the energy crisis ends, Economy Minister Robert Habeck said.

The interpretation of a few words of regulation by the US Treasury Department could upend expectations for how tens of billions of dollars in new electric-vehicle tax incentives will be distributed, according to Bloomberg discussions with a dozen manufacturing executives, battery analysts and government officials.

The EU should work more closely with the US to resolve problems faced by so-called “accidental Americans” under the US Foreign Account Tax Compliance Act, the European Parliament’s Petitions Committee said Wednesday.

The Slovak parliament approved a proposal to increase the windfall tax on extraordinary profits of oil, gas and coal companies from 55% to 70% as the country seeks to boost budget revenue.