2026

To the casual visitor, little suggests that Jersey — the small island just off the northern coast of France — is one of the world’s leading offshore financial centers. You might clock billboards in the airport arrivals hall advertising trust structuring and international legal services, or notice the strikingly high concentration of top-end jewelers on King Street, the island’s main shopping parade. But there are no glass-and-steel towers in St. Helier, Jersey’s capital, no Ferraris burning up the country lanes, no six-star hotels, and just the one Michelin-starred restaurant. The look and feel is that of provincial England circa 1950 — and most of the 100,000 residents, many of whom have family links to the island going back generations, would prefer to keep it that way.

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The Canadian government has called on the country’s communications director to reconsider its decision to require foreign streaming services to pay a tax to facilitate the implementation of the Online Streaming Act. Large streaming companies would have had to contribute 15% of their annual revenue to support Canadian programming The government is now considering new policies to facilitate OSA’s implementation.

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PwC Netherlands’ chief economist called for new categories and accounting rules to tax artificial intelligence models. Instead of classifying AI as goodwill or charging their costs to income, she proposed classifying them as immaterial assets with their own valuation and depreciation models. She also called for international cooperation for new accounting rules because unilateral measures increase risk of profit shifting.

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Countries should abandon digital services taxes and pursue a multilateral approach to the digital economy or risk US-led trade or tax retaliation, according to a bipartisan House resolution introduced Thursday.

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The European Parliament’s economic affairs committee adopted a report Thursday calling for stronger reform measures, including tax changes, to strengthen the EU’s competitiveness.

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The European Commission pointed out inefficient and costly tax expenditures in several member states and called for better-designed R&D incentives in its 2026 European Semester Spring Package. The commission has withheld funds from EU countries that did not satisfactorily implement one or more pre agreed recovery plan milestones.

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Click here for 2026 European Spring Package reports.

In its economic outlook report, the OECD cautioned member and some nonmember countries against introducing and keeping broad-based tax cuts and subsidies for fossil fuels and instead recommended that countries should increase tax revenues by either broadening their tax bases or raising their tax rates.

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Denmark's new government is launching sweeping tax reforms, highlighted by a new tech tax targeting global tech giants and a corporate income tax cut from 22% to 19% to boost business competitiveness. The plan also features temporary household electricity tax cuts that recently drew praise from the European Commission for promoting electrification.

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Latif explores the difficulties developing economies face with the international structure for cross-border tax disputes and describes solutions through the work of the U.N. Framework Convention on International Tax Cooperation.

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The European Commission pushed Luxembourg and Malta to strengthen measures against aggressive tax planning, warning both countries they’re susceptible to companies shifting profits to low-tax jurisdictions.

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