How increased global competition is reshaping tax priorities

“The pace of change in the world right now is dizzying and tax policy is no exception. As a top tool to implement broader policy goals and with many measures already slated for change, tax policy is anything but predictable right now,” says Aruna Kalyanam, EY Global and Americas Tax Policy Leader. The methods and tools governments and businesses have available to implement policy change are also evolving rapidly. “Technology is redefining the tax and finance functions at a pace I have never seen before in business. To succeed in this complex and dynamic era, businesses must be informed, proactive and agile,” says Marna Ricker, EY Global Vice Chair of Tax.

National and international political coalitions are forming and reshaping after the many elections in 2024 and early 2025. New and established leaders alike are building relationships and learning to interact as they transition from electioneering to governing. Many governments are focusing on generating more revenue, both from economic growth and new sources, as they prioritize local interests and seek to control deficits. To collect that revenue, tax administrations are intensifying enforcement, increasing transparency and using new tools. How governments align or diverge in these efforts will impact shared global goals and challenges. The annual EY Global Tax Policy and Controversy Outlook narrative piece, How increased global competition is reshaping tax priorities, explores how changing political leadership is rapidly altering tax and trade policies worldwide and how businesses can adapt and grow.

Detailed reports on the key tax policy, enforcement and controversy developments and expectations in 71 jurisdictions, reflecting the observations of local EY Tax professionals, are attached below.