A summary of the top weekly tax developments in the Americas

     This week's tax news from the Americas

• Canadian government introduces Federal Spring Economic Update 2026
  On 28 April 2026, the Canadian government introduced the Spring Economic Update 2026, which includes targeted tax measures affecting individuals and corporations but does not propose any new taxes or increases to personal or corporate income tax rates. For businesses, corporate income tax rates and the CA$500,000 small-business limit remain unchanged, while new incentives focus on clean economy measures, including the release of implementation details for an accelerated capital cost allowance for qualifying low-carbon liquefied natural gas facilities and expanded measures for the carbon capture, utilization and storage investment tax credit.

• OECD releases 'Secretary-General Tax Report' ahead of G20 Finance Ministers and Central Bank Governors' first 2026 meeting
  On 16 April 2026, the Organisation for Economic Co-operation and Development (OECD) released its "Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors" (the Report), ahead of the G20 Finance Ministers and Central Bank Governors' first 2026 meeting under the United States Presidency. The Report outlines recent developments in international tax projects and emphasizes the OECD's support for G20 tax initiatives. It includes an update on the Global Minimum Tax (Pillar Two) and plans for a constructive discussion around taxation of the digital economy, as well as developments in tax transparency, tax certainty, tax administration modernization, capacity building for developing economies and other tax topics.

    This week's newsletters

• Report on recent US international tax developments - 1 May 2026
  Our weekly report with brief summaries of all the week's US international tax developments and related activity.

• Tradelines – 1 May 2026
  Our trade newsletter for global business leaders delivers timely insights into the issues shaping global commerce—from tariff shifts and supply chain disruptions to legislative developments and compliance trends.

   Upcoming EY webcasts

• 5 May: EY Tax.Tech™ 2026 special event: Building the future of Tax
• 7 May: Building cybersecurity resilience amid changing regulations
• 12 May: Insights from the EY Loyalty Market Study 2026
• 13 May: What payroll regulatory changes are effective from May 2026
• 13 May: How governments and other tax-exempts can use federal tax credits to fund projects
• 15 May: EY Center for Tax Policy monthly update - May 2026
• 19 May: Navigating the future: financial services tax and finance transformation in 2026
• 27 May: What to expect from global tax policy and controversy in 2026
• 27 May: BorderCrossings with EY transfer pricing and tax professionals - May 2026

A calendar of all upcoming EY webcasts is available.

   Recent EY podcasts

• EY Podcast | Weekly US international cross-border taxation news for week ending 1 May 2026

All episodes of the EY Cross-Border Taxation Spotlight and
EY Talks Tax are available through Apple podcasts.

  This week's EY Global Tax Alerts

     Africa

• Rwanda introduces transfer pricing documentation filing requirement via eTax enhancement

     Europe

• European Commission publishes minutes from 42nd meeting of VAT Expert Group (VEG)
• Italy | VAT refund opportunities until 9 August 2026 for transaction costs in merger-leveraged buyout transactions
• OECD releases 'Secretary-General Tax Report' ahead of G20 Finance Ministers and Central Bank Governors' first 2026 meeting

     Middle east

• Turkiye announces "Strong Investment Hub Program" including wide range of tax measures to support investments

Additional resources

Comments. If you have any questions or suggestions about this newsletter, please email Tax News Update Help at: ustaxalertshelp@ey.com.

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.