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Diesel has become the most expensive fuel at European filling stations, with the average price across the European Union reaching a record €2.226 per litre on 21 September 2026. According to the European Commission’s Weekly Oil Bulletin, the figure represents the highest EU-wide diesel price recorded since the series began in 2005. It is also 13.4 cents per litre higher than the average price of Euro-super 95 petrol. At current prices, filling a 50-litre diesel tank costs

Zambia has introduced a temporary tax relief programme allowing eligible taxpayers, including gaming and betting businesses, to settle qualifying historical tax liabilities without paying accrued penalties and interest. The Extended Voluntary Disclosure Scheme (EVDS), launched by the Zambia Revenue Authority (ZRA) on September 17, 2026, will remain open until December 31, 2026. The scheme applies to outstanding principal tax liabilities, penalties and interest relating to per

The U.S. House Ways and Means Committee is set to consider legislation Wednesday that would restore the ability of taxpayers to deduct 100% of their gambling losses against gambling winnings for federal tax purposes. The proposal would repeal the current 90% cap on deductions for wagering losses. It would apply to taxable years beginning after December 31, 2025, effectively providing retroactive relief for 2026. The gambling-loss provision has been incorporated into House Res

Global tax cooperation is becoming increasingly fragmented, leaving businesses to navigate a more uncertain policy environment as negotiations at the Organisation for Economic Co-operation and Development (OECD) and the United Nations move along separate paths, while governments increasingly introduce regional and unilateral measures, according to EY. The consulting firm said the international tax system was moving away from a single, consensus-based process towards a landsca

Polish Prime Minister Donald Tusk has urged the European Union to give serious consideration to introducing a gambling tax at EU level as the bloc explores new revenue streams for its next long-term budget. Tusk raised the proposal after a meeting of Visegrad Group leaders in Bratislava, where European Union budget priorities for the 2028–2034 period were discussed. During the talks, the Polish prime minister argued that efforts to secure additional funding for the EU should

Brazilian authorities have launched a major investigation into NSX Group, the operator behind Betnacional and Betfair’s Brazilian operations, over allegations involving tax evasion, currency violations and money laundering. The investigation comes as authorities intensify scrutiny of the rapidly expanding betting sector and seek to establish whether some operators continued using financial structures associated with the pre-regulation market after Brazil introduced its licens

Brazil's newly regulated betting industry has become a significant source of government revenue, generating R$8.7 billion in tax payments during the first seven months of 2026. The figure represents a substantial increase compared with the same period last year and comes at a time when the sector is facing growing political opposition and calls for tighter restrictions. The tax contribution between January and July represents an increase of approximately 77% compared with the

Flutter Entertainment is urging the Irish Government to retain the country's existing 2% betting duty as policymakers consider potential changes to gambling taxation, warning that a higher rate could place additional pressure on the regulated betting industry and encourage more customers towards unlicensed operators. Ireland currently applies a 2% duty to bets placed with bookmakers both in physical betting shops and through remote channels. Betting exchanges are subject to a

Brazil's regulated betting industry has generated approximately R$8.7 billion in tax revenue during the first seven months of 2026, underlining the growing financial importance of the sector even as political opposition to online gambling intensifies. The figure, equivalent to roughly £1.2 billion, represents a 76.86% increase compared with the same period in 2025, according to figures from Brazil's Federal Revenue Service. Between January and July 2025, licensed betting and

Bulgaria has introduced a new regulatory framework placing gambling affiliates under direct licensing and tax obligations, significantly changing the way businesses can promote licensed gambling operators in the country. The new rules, which entered into force on 1 August 2026, bring affiliate marketing into the scope of Bulgaria’s gambling regulatory system. Affiliates that generate remuneration based on measurable results linked to gambling activity are now required to obta

Gibraltar is stepping up efforts to attract gaming companies serving international markets as rising gambling taxes in the United Kingdom put increasing pressure on operator profits, employment and government revenues in one of the territory’s most significant economic sectors. More than 75% of Gibraltar’s gross gaming yield is generated by business connected to the UK market, leaving the territory particularly vulnerable to regulatory and tax changes introduced by the Britis

KPMG Australia has confirmed that it reached a settlement with a former employee who had raised allegations of wrongdoing within the firm's tax division, adding another layer to the growing scrutiny surrounding the professional services firm's governance, whistleblower processes and treatment of misconduct allegations. The settlement relates to historical allegations concerning KPMG Australia's tax practice and comes as the firm faces a separate parliamentary inquiry into all

Britain's regulated betting-shop sector is facing mounting financial pressure as higher gambling taxes and increasing operating costs contribute to a continuing wave of closures across the country's high streets. Industry representatives have warned that further increases in taxation could accelerate the decline of physical betting outlets, putting additional jobs and investment at risk while potentially strengthening the position of unlicensed gambling operators. The warning

Uganda has removed a tax exemption previously available to land-based casinos, bringing physical casinos into the same 15% withholding tax regime that applies to winnings from online betting and gaming. The change follows a proposal by President Yoweri Museveni to amend the country's tax legislation and is intended to create a more uniform approach to the taxation of gambling winnings while reducing opportunities for tax avoidance and revenue leakage. The amendment addresses

US President Donald Trump has signed an executive order introducing a 15% tariff on imported polysilicon and products made from the material, escalating Washington's efforts to protect strategically important industries and reduce China's influence over critical technology supply chains. Polysilicon is a key raw material used in the manufacture of semiconductors and solar panels. Under the order signed on Thursday, the United States will impose a 15% tariff on polysilicon and

Malta is preparing to challenge plans for a potential European Union-wide levy on online gambling, arguing that imposing a common tax at EU level could undermine national regulatory systems, distort competition and place additional pressure on an industry that is already subject to significant taxation and compliance obligations in individual Member States. The proposal has emerged as part of wider discussions about new sources of revenue for the EU's next long-term budget. T

Britain's increase in gambling-related taxation is beginning to have a visible impact on retail betting employment, while the Gambling Commission has postponed publication of the evidence supporting its Financial Risk Assessment (FRA) framework until the autumn. At the same time, the latest financial results from Europe's leading gambling operators highlight sharply contrasting fortunes, with FDJ UNITED slipping into a first-half loss as Lottomatica continues to strengthen it

Two separate lawsuits are challenging Washington state’s official description of a ballot initiative that seeks to repeal the state’s new income tax, setting up a legal dispute that could ultimately reach the Washington Supreme Court before voters decide the measure in November. On July 27, the sponsors of Initiative 645 formally contested the wording prepared by state attorneys to describe the measure’s fiscal impact. They argued that the language is misleading and unfairly

Dutch tax authorities have introduced a series of new VAT-related measures that are expected to reduce compliance costs for businesses by approximately €81 million each year. The savings are expected to come primarily from administrative simplifications, streamlined procedures, and a reduction in the reporting burden faced by entrepreneurs. The measures form part of a wider package of VAT modernisation reforms in the Netherlands, designed to make the VAT system more efficient

Kenya does not need to increase its Value Added Tax (VAT) rate to generate higher government revenue, according to a new study by the Kenya Institute for Public Policy Research and Analysis (KIPPRA), which argues that improving tax administration, expanding compliance and leveraging digital tax systems would be far more effective than imposing higher tax rates. The findings come at a time when Kenya continues to debate its tax policy following a series of Finance Bills aimed