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Brookfield / Oaktree Merger Approval

The European Commission has approved the proposed concentration by which Brookfield Asset Management Ltd. will acquire sole control over Oaktree Capital Group Holdings, L.P. The decision was made under the EU Merger Regulation, with no opposition to the transaction.

DigitalBridge/Truespeed Merger Approved

The European Commission has approved the merger between DigitalBridge and Truespeed Communications Group Limited (TCGL). The decision, made under Article 6(1)(b) of the Merger Regulation, signifies non-opposition to the concentration, allowing the transaction to proceed.

EV Charge Point Operators Street Works Permits

The UK Secretary of State for Transport has enacted regulations bringing Section 49 of the Planning and Infrastructure Act 2025 into force. This change grants Electric Vehicle Charge Point Operators the legal right to carry out street works using a permit-based system, replacing the previous section 50 licensing regime.

Income Tax Construction Industry Scheme Amendment Regulations 2026

HM Revenue and Customs has issued the Income Tax (Construction Industry Scheme) (Amendment) Regulations 2026, effective April 6, 2026. These regulations amend the 2005 scheme, introducing new requirements for contractors regarding monthly returns and clarifying payment exemptions for public bodies.

Construction Industry Scheme Administration Improvements

HM Revenue & Customs is simplifying the Construction Industry Scheme (CIS) administration, effective April 6, 2026. Key changes include exempting payments to local authorities and requiring nil returns when no subcontractors are paid.

Canada Amends and Repeals US Surtax Orders

The Governor General in Council of Canada has amended and repealed certain orders related to the United States Surtax under the Customs Tariff. These changes modify the application and scope of surtaxes on goods originating from the United States, impacting specific tariff items.

Colorado Tax Proposal on Phantom Income

Colorado's HB26-1221 proposes changes to the state's alternative minimum tax and net operating loss provisions. The Tax Foundation argues these changes would overstate income, leading to double taxation and distorting taxpayer behavior.

Delaware Proposes Cigarette and Vapor Tax Increases

Delaware's Governor has proposed significant increases to cigarette, vapor, and other tobacco product taxes. The cigarette tax would rise by over 70%, and vapor product taxes would double, aiming to generate an estimated $18.9 million in new state revenue.

New Mexico SB 151 Decouples from Full Expensing

New Mexico SB 151, passed by the legislature, decouples the state from federal full expensing provisions for machinery and equipment, and includes foreign earnings in the corporate tax base. This change is expected to negatively impact the state's corporate tax environment.

Federal Acquisition Regulation: Trade Agreements Thresholds

The Office of Management and Budget, along with the Defense Department, GSA, and NASA, published a final rule amending the Federal Acquisition Regulation concerning trade agreements thresholds. This rule updates the dollar amounts that trigger certain trade agreement requirements for federal procurements.