White House Report on State Income Tax End Draws Scrutiny

A White House report encouraging states to eliminate their income taxes has drawn criticism over the economic and political reality of how exactly states would fill the huge holes such a move would leave in their budgets.

Michigan to Launch New Unemployment Insurance Platform

The Michigan Department of Labor and Economic Opportunity is launching its new unemployment insurance tax portal Feb. 23, according to an update on the state’s employer portal.

Trump Accounts Prompt Caution Over Employer Matches for Workers

Employers that plan to join Bank of America Corp., Intel Corp., and other major companies in making Trump Account contributions must weigh potential benefits with continued regulatory uncertainty that can carry legal risk.

IRS Finalizes 2026 General Instructions for Forms W-2, W-3

Final instructions for 2026 Forms W-2 and W-3 were released Jan. 30 by the Internal Revenue Service.

Bloomberg Tax Hosts 2026 Payroll Outlook Webinar

Bloomberg Tax will host a webinar for payroll professionals that will provide details on new and developing tax and labor issues on the international, federal, state, and local level. The webinar will take place Feb. 4 from 2 p.m. to 3 p.m. ET.

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Scotland Gets Extra Bank Holiday June 15

An extra bank holiday for Scotland will take place June 15, the day after their first game in the 2026 FIFA Men’s World Cup, the Scottish government said Feb. 5.

Tax Developments

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Macau Economy Ministry Announces Various Tax Obligations for February 2026

The Macanese Secretary of Economy and Finance Feb. 2 announced various tax obligations for February 2026. The announcement includes: 1) the obligation for Group one and two taxpayers to file ...

Slovakia Tax Agency Announces Various Deadlines for Specified Employees, Employers

The Slovak Financial Administration Feb. 3 announced various deadlines for individuals with 2025 income solely from domestic employment and employers. The announcement includes: 1) the Feb. 16 deadline for employees ...

Dominican Republic President Announces Increases to Monthly Minimum Wage Rates

The Dominican President’s Office Feb. 2 announced an 8 percent increase to the monthly minimum wage rates, effective Feb. 1. The announcement includes monthly minimum wage rate increases of: 1) ...

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