One point of contention in the North Carolina tax reform debate has been the fate of one particular tax expenditure—the uncapped sales tax refund for nonprofits. The refund applies to "sales of taxable tangible personal...
- Audio Commentary: Oil Industry Profits and Tax Policy
Audio Commentary: Oil Industry Profits and Tax Policy
As oil companies begin releasing 4th quarter profit reports, renewed calls by lawmakers for various "windfall profits" taxes are likely to follow. The following audio commentary was recorded by Tax Foundation President Scott A. Hodge, exploring the idea of taxes on unusually oil industry profits.
To listen, please click the link below.
Federal mineral royalty revenues are often overlooked, but they represent a substantial portion of some states’ revenues. Certain minerals, such as coal, oil, and gas, are available for extraction and...
As Congress moves closer to debating fundamental tax reform, the amount U.S. multinational firms pay in taxes on their foreign income has become a common topic for the press and among politicians. Some of the more sensational press stories and...
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