The Tax Policy Blog

May 20, 2015

In his first testimony as director of the Congressional Budget Office, Keith Hall told the Senate Budget Committee that he plans to be transparent as the agency incorporates more dynamic analysis.

“We’re going to open ourselves up to criticism and comments if we’re not doing a fair job, and I think that’s the only way for us to remain credible and also improve what we’re...

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May 20, 2015

The Governor of Puerto Rico, Alejandro Garcia Padilla, has sent the legislature a proposal to increase the Sales and Use Tax (SUT) from the current 7% to 11.5%. The proposal would also replace the SUT after nine months with a Value Added Tax (VAT).

...

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May 20, 2015

Kevin Markle is an Assistant Professor of Accounting at the University of Iowa’s Tippie School of Business.

Previously, he was an Assistant Professor at the University of Waterloo and a Visiting Assistant Professor at the Tuck School of Business at Dartmouth College.

Professor Markle’s research focuses on business taxation, international tax avoidance, and profit shifting. He has published numerous...

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May 19, 2015

Several Republican presidential hopefuls have stated their support of the “Flat Tax.” Ted Cruz, Ben Carson, and Rand Paul have all expressed interest in a tax...

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May 19, 2015

Jack Mintz is the Director of the School of Public Policy and the James S. & Barbara A. Palmer Chair in Public Policy at the University of Calgary.

Cited as one of the world’s most influential tax experts, Dr. Mintz is a leading authority on tax policy, international taxation, business taxation, tax competition, and profit shifting. Dr. Mintz’s research has been widely published in leading scholarly journals, especially...

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May 18, 2015

This morning in Maryland v. Wynne, the U.S. Supreme Court upheld a ruling striking down a Maryland tax law that “has the effect of double-taxing income residents earn in other states.”

This is a broad victory for taxpayers. Today’s 5-4 decision upholds what should be...

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May 18, 2015

Lars Feld is the Chair for Economic Policy and Constitutional Economics at Albert Ludwigs University of Freiburg and President of the Walter Eucken Institute.

A widely cited public finance economist, Professor Feld is an expert on profit shifting and firm responsiveness to taxation in areas such as foreign direct investment, company structure, and mergers and acquisitions. His research focuses on economic...

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May 15, 2015

Nevada Governor Brian Sandoval has proposed a revised tax plan that combines elements from his earlier proposed restructuring of the state Business License Fee (SB 252) and alternative plans floated in the Assembly that focus on the state’s Modified Business Tax (MBT) and the existing BLF structure (AB 464). See the Revised Plan’s...

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May 15, 2015

Edward Kleinbard is the Ivadelle and Theodore Johnson Professor of Law and Business at University of Southern California.

Professor Kleinbard is a leading expert on international tax issues related to corporate tax avoidance and profit shifting. As the originator of the concept of “stateless income,” his research on multinational firms’ tax planning activities has substantially contributed to the...

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May 14, 2015

The Foreign Account Tax Compliance Act (FATCA) – which became law in 2010 – just recently came into full effect. The results are frustrating for Americans living abroad as they struggle to find foreign banks willing to serve them.

Stu Haugen, an American who lives overseas, recently wrote in the New York Times...

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May 14, 2015

Several tax plans have been floated this legislative session in Alabama to address the state’s FY 2016 budget shortfall that could be up to $290 million.

The first tax proposal was announced by Governor Robert Bentley in late February—it’s a mixed bag that increases seven different tax types. The second plan, floated in early May by Senate President Pro Tempore Del Marsh,...

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May 14, 2015

The ability to foresee that some things cannot be foreseen is, as Rousseau once observed, a very necessary capacity. Several states learned that lesson with regard to capital gains revenue during the last recession—but can Washington State benefit by their example?

I’ve written previously about Washington State’s budget debate, as Governor Jay Inslee (D) and his legislative allies seek...

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May 14, 2015

Though taxes are the most common and recognizable source of state government revenues, it's important to remember that they're not the only source. In fact, state governments received 30.0 percent of their total general revenues from transfers from the federal government in the 2013 fiscal year.

That number varies pretty widely for specific states, however. For example, Mississippi obtained 42.9 percent of its total state general revenues from the federal government (the largest...

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May 14, 2015

Dhammika Dharmapala is a Professor of Law at the University of Chicago Law School.

Professor Dharmapala is recognized as one of the leading experts on profit shifting, through his innovative research on the magnitude of profit shifting and his recent survey of the empirical profit shifting literature.

Professor Dharmapala’s research has been published in leading journals in the fields of law, economics, and finance...

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May 13, 2015

Yesterday I published a report on the way airports are funded. I believe the Passenger Facility Charge (PFC) - a fee passengers pay to help build airport improvements - is the best means of funding, and I chose to weigh in because there has been a lot of debate over it recently.

In any...

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