OECD says 2025 tax reforms focused on growth as revenue pressures mount
A review of 92 jurisdictions finds governments mostly made modest revenue-raising changes amid rising debt and spending needs.
Global oil, natural gas, power, water, geothermal and mining news, well data and market analysis. Primary sources, clear dates and reporting in seven languages. Page 68
Energy stories from the past seven source days come first. Choose publication date to see the latest across all topics.
A review of 92 jurisdictions finds governments mostly made modest revenue-raising changes amid rising debt and spending needs.
Canada’s regulator says the technology alone does not change the legal treatment of a deposit at a financial institution.
The revisions target credit, securitisation and market risk and take effect in November 2026 or January 2027, depending on fiscal year.
Final 2027 guidance recognises certain cross-exchange hedges and excludes client-clearing exposures from a Group 2 limit.
The proposed ProGRESS package would raise the personal tax exemption threshold and add levies on luxury goods and large multinationals.
Australia’s central bank cited rising inflation pressures and lifted its cash rate target to 4.60% on 29 September.
Australia’s central bank said ASX facilities improved their operational-risk ratings but still partly observed standards for governance, risk management, credit and operations.
The central bank’s October stability review found banks able to keep lending, while warning of growing geopolitical, market, AI and service-provider risks.
The MPC unanimously raised the policy rate by 25 basis points as higher fuel costs lifted inflation risks; it lowered its 2026 growth forecast to 1.2%.
The two central banks’ green-finance taskforce discussed transition-taxonomy links, green panda bonds, adaptation insurance and cross-border carbon markets.
MAS proposed legislative changes to implement its single-currency stablecoin framework, including capital, redemption and disclosure rules.
Treasury opened its annual call for proposals to correct technical problems in existing tax legislation.
A source-linked view of global energy, wells and resources in seven languages.