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| | A weekly summary of the top weekly tax news, trends
and developments in the Americas | |
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| | This week's tax news from the Americas - US and UK unveil trade deal
On 8 May 2025, President Trump and Prime Minister Starmer unveiled the General Terms for the United States (US)-United Kingdom (UK) Economic Prosperity Deal (EPD), marking a significant step toward strengthening bilateral trade relations and market access. However, both sides recognize that the EPD is a framework to deepen their trade partnership and should not be treated as a legally binding agreement. The EPD has three key objectives (i) boost bilateral trade and job growth; (ii) remove business barriers; and (iii) strengthen the economic relationship between the two nations.
- Canadian Liberal Party's 2025 election platform includes tax measures
The election platform for Canada’s reelected Liberal Party includes the following tax measures, which will likely be included in the next federal budget: (1) a new 20% tax credit for qualifying artificial intelligence projects aimed at supporting small and medium-sized businesses that can demonstrate job increases; and (2) a one percentage point reduction in the lowest personal income tax bracket starting 1 July 2025.
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| | This week's newsletters - EY TradeWatch | Issue 1 - May 2025
Our regular newsletter provides information about customs and international trade developments to help you develop strategies to manage duty costs and the risks of global trade, to improve trade compliance and to increase the operational effectiveness of international supply chains.
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| | Upcoming EY webcasts A calendar of all upcoming EY webcasts is available. | | |
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| | Recent EY podcasts All episodes of the EY Cross-Border Taxation Spotlight and
EY Talks Tax are available through Apple podcasts. | | |
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| | This week's EY Global Tax Alerts Americas Asia Europe Middle East | | |
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| | Additional resources EY Global Tax News Update
EY's Global Tax Alerts and other content can be delivered directly to your inbox. Register for EY's Global Tax News Update. | EY Guides available for download
Browse our in-depth guides covering corporate tax, indirect tax, personal taxes, TP and other tax matters in more than 150 countries. |
Comments. If you have any questions or suggestions about this newsletter, please email Tax News Update Help at: ustaxalertshelp@ey.com. | |
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| | About Americas Tax Roundup Published by NTD's Tax Technical Knowledge Services Group, Washington, D.C.
Jennifer Mannetta, writer and editor Distributed weekly to all Americas Tax personnel. | |
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