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The European Union has strengthened its fiscal transparency framework by updating its tax cooperation agreements with five non-EU European countries: Switzerland, Liechtenstein, Andorra, Monaco and San Marino. The decision, adopted by the Council of the EU (ECOFIN configuration), aims to modernise information-sharing practices and reinforce joint efforts to combat tax evasion and cross-border financial opacity.

Estonia has brought renewed momentum to the European tax policy debate by proposing that the implementation of the 15 % global minimum tax —the “Pillar Two” framework— be made voluntary for smaller EU Member States. The proposal, presented by the Estonian Ministry of Finance, argues that the European directive transposing this global standard should allow countries with smaller economies to decide whether and when to adopt the system, rather than imposing a uniform and bindin

France has initiated an urgent nationwide investigation after identifying a substantial shortfall in value-added tax revenue —a discrepancy approaching €10 billion. Initial fiscal projections for 2025 estimated VAT receipts at €101.4 billion, but updated forecasts have revised this figure down to roughly €96.5 billion. The magnitude of this gap has raised significant concerns within the French government, prompting immediate scrutiny by the Ministry for Public Accounts.

On 14 November 2025, the European Commission unveiled a legislative proposal that could significantly reshape VAT oversight and anti-fraud cooperation across the European Union. The initiative would allow Member States to grant the European Anti-Fraud Office (OLAF) and the European Public Prosecutor’s Office (EPPO) direct access to VAT data, marking a major step toward a more unified and proactive enforcement framework capable of addressing increasingly sophisticated forms of

Canada has unveiled its 2025 Federal Budget , introducing a comprehensive fiscal package designed to stimulate private investment, accelerate clean-technology adoption, and modernise the country’s tax framework. Presented on 4 November 2025  by Prime Minister Mark Carney and Finance Minister Chrystia Freeland, the plan marks one of the most investment-oriented budgets in recent years, projecting up to CAD 1 trillion  in combined public and private investment over the next fiv

The United Kingdom is preparing to overhaul its vehicle taxation framework with the introduction of the new “VED+ Tax” , a pay-per-mile system that will replace part of the current Vehicle Excise Duty (VED)  structure. The measure, expected to enter into force in early 2026 , aims to adapt the tax system to an era of growing electric vehicle (EV) adoption and declining fuel tax revenues.

A new report by the Organisation for Economic Co-operation and Development (OECD) reveals that tax revenues in Latin America and the Caribbean remain among the lowest in the world, averaging just 21.3 % of GDP  in 2024. The findings, published this week in Paris, show that despite a decade of reforms and digitalisation efforts, the region’s overall fiscal capacity continues to lag behind advanced economies, where the average tax-to-GDP ratio exceeds 34 % .

Vietnam’s Ministry of Finance has announced a major push to modernise the country’s tax administration through a nationwide digitalisation strategy. The reform, presented as part of the Tax Administration Modernisation Plan 2025, aims to simplify compliance procedures, improve transparency, and strengthen the government’s capacity to detect fraud and manage revenue in real time.

The Organisation for Economic Co-operation and Development (OECD) has announced the expansion of its Tax Inspectors Without Borders (TIWB) initiative, a pioneering programme aimed at strengthening the tax capacities of developing countries. Under the name ‘TIWB 2.0’, this new phase marks a turning point in the global fight against tax evasion, aggressive planning and tax inequality, in a context of increasing digitalisation and globalisation of the economy.

The United Kingdom is preparing a significant overhaul of its tax treatment of Limited Liability Partnerships (LLPs), a hybrid corporate structure long considered one of the cornerstones of British business law. According to recent reports, HM Revenue & Customs (HMRC) is assessing measures that could effectively eliminate the fiscal advantages enjoyed by LLPs, aligning their tax burden with that of traditional limited companies.