The Tax Credit Revolution

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.

Our annually updated Global Employer Guide provides a concise, easy-to-read summary of employment laws across more than 15 countries.

On the morning of 21 July 2026 at a meeting of the Wall Street Tax Association, officials from the Internal Revenue Service and Department of Treasury joined in a discussion with income tax professionals about various transactions, including transactions involving exchange-traded funds, in which the government has taken an interest because the tax treatment of the transactions seems “too good to be true.” 

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.