North America

The final blueprint is here. Reconciliation 2.0 moves forward with a $140B enforcement target funded by a controversial squeeze on high-earning expats and visa applicants.

The IRS is waving the white flag on procedural friction. The IR-2026-65 Settlement Offer provides a major olive branch to conservation easement partnerships, aiming to clear the Tax Court.

The sprint is on. The US Senate has moved Reconciliation 2.0 to committee marking, with a Friday deadline to finalize the Foreign-Sourced Revenue Surcharge.

Reshoring just got a 5% bonus. The new CBP Duty Credit Portal 2026 rewards importers who utilize Trusted North American Zones and meet strict 75% labor content rules.

The sky is the limit for tax enforcement. Mexico’s SAT has launched drones to physically audit construction sites, ending ghost VAT invoices in the 2026 Master Plan.

The tax-free era is over. Today’s release of the Bermuda 15% CIT Handbook 2026 provides the final rules for the 15% tax, focusing on fair market value step-ups.

The sequel has arrived. The Senate is fast-tracking Reconciliation 2.0, a $140 billion enforcement-heavy bill designed to provide mandatory funding for border security.

The “No Tax on Tips” era has a formula. Today, the IRS finalized the OBBBA Tip Exclusion, capping the benefit at $25,000 and creating a strict wall between voluntary tips and mandatory service charges.

Integrity over speed. The IRS Form 1042-S Delay 2026 is the first major administrative hurdle of the AI-led tax era, as the IRS screens every foreign payment for treaty fraud.

Washington’s trade war enters a new phase. Following the CIT Global Tariff Ruling 2026, the DOJ is fighting to save the 10% tax while a 25% EU auto surcharge looms.