Litigation Minute

The Australian Federal Budget for 2026–2027 proposes far-reaching changes to the Australian tax system that will have significant impacts on a range of taxpayers.

The year 2025 saw significant regulatory activity in the realm of digital assets. The US Congress and financial regulators took steps to create and implement a clear legal framework to facilitate financial transactions using digital assets, and they will continue to do so in 2026.

The Washington state legislature has adjourned for 2026, and key tax changes are in store if Governor Bob Ferguson signs several tax-related bills into law, and if those tax changes then survive expected legal challenges.

Texas is home to 31.3 million people, and with two of the country’s leading metropolitan areas by economic output, Texas is the world’s eighth largest economy at US$2.7 trillion.