The Tax Policy Blog

December 05, 2006

We've posted a new 15-minute interview with Mihir Desai, Associate Professor of Finance at Harvard Business School and Faculty Research Fellow at the National Bureau of Economic Research, as today's Tax Policy Podcast.

Desai discusses the effects of corporate taxation on business. Topics covered include foreign direct investment,...

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December 05, 2006

A bar in Oslo, Norway won tax-exempt status for its dancers that perform stripteases because of the dance’s artistic merit.

Striptease, in the way it is practiced in this case, is a form of dance combined with acting which compares to other stage acts that are exempt from VAT in Norway, three...

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December 04, 2006

Newly elected Tennessee Congressman Steve Cohen, the author of Tennessee’s lottery legislation, is pondering a possible solution to the national debt: a national lottery. From the Memphis Commercial Appeal:

Cohen, the prime mover behind the Tennessee State Lottery, says he's thinking about working on the national debt...

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December 03, 2006

If you haven't already seen it, last week we released a new report detailing the rise in property tax burdens across the nation that accompanied the housing boom in recent years. Here are some of key findings from the study:

• Property taxes are highest in the Northeast, Texas, Illinois, and Wisconsin • New York and New Jersey dominate the list of high-tax...

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November 30, 2006

Yesterday Michigan Governor Jennifer Granholm released her proposal to replace the state’s Single Business Tax (SBT) which is set to expire on January 1, 2008.

Her plan follows six others released by Professor Gary Wolfram, State Representative Fulton Sheen, the Detroit Regional Chamber of Commerce...

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November 30, 2006

A New York Times article that appeared on the front page of the business section on Tuesday cited new IRS data to make some technically accurate, yet highly misleading statements regarding incomes and taxes.

First, the article states, “The tax cuts contributed to a big decline in individual income tax receipts, which fell at a...

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November 28, 2006

Ohio’s Corporate Activities Tax (CAT) is raising revenue faster than anticipated:

The new state tax on gross receipts, known as the Commercial Activity Tax, is bringing in about 20 percent more money than expected, and those unanticipated millions will automatically prompt a review by lawmakers and the governor's tax commissioner next...

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November 27, 2006

Reforming the alternative minimum tax will almost certainly be on the agenda in the new Congress. Republicans have long supported raising the AMT minimums and key Democrats, such as incoming House Ways and Means chairman Charles Rangel (D-NY), have voiced their intention of addressing the AMT.

Two articles today illustrate the effect of ignoring AMT reform and the hurdles the new Congress will have to overcome...

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November 21, 2006

Back in September, we blogged about predictions that Japan and Germany would move to cut their corporate tax rates in 2007. Last week, according to an editorial in the Japan Times, Masaaki Honma--head of the Japanese Tax Commission--released some details about the proposed cuts.  From the article...

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November 21, 2006

We've posted a new 10-minute interview with Karlyn Bowman, Resident Fellow at the American Enterprise Institute and author of the Roll Call column "POLLitics,” as today's Tax Policy Podcast.

Bowman discusses voters’ priorities in the recent midterm election, Americans’ general opposition to tax increases, the need for bipartisanship in enacting tax reform, and the public’s...

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November 21, 2006

Now that election season has come to a close, lawmakers are staking out early positions in debates that will take place next year. House Democrats have vowed to pursue a rigorous domestic agenda in their first 100 hours in office. The centerpiece of the agenda is a plan to “pass bills that directly affect the pocketbooks of working-class and middle-class people.”

In the Senate, incoming Majority Leader Harry Reid...

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November 20, 2006

Tax reform may be a stalled issue in Washington, but it is alive and well outside the Beltway. This morning, the editorial board of the Los Angeles Times officially threw down the gauntlet on fundamental tax reform, declaring that “twenty years after the Tax Reform Act, the law is as muddled as ever.”...

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November 20, 2006

Gross receipts taxes may be relics of the past but they continue to pop up like the proverbial Whack-A-Mole. Just last year, Ohio enacted a new Commercial Activities Tax (CAT) that broadly applies to the gross receipts of all companies doing business in Ohio. An Ohio proposal recently covered in State Tax Notes would expand Ohio’s gross receipts tax to the taxable...

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November 17, 2006

Yesterday was a sad day for the economics profession, as one of its leading minds passed on at the age of 94:

STANFORD — Milton Friedman, recipient of the 1976 Nobel Memorial Prize for Economic Science and a senior research fellow at the Hoover Institution since 1977, died this morning. He was 94...

A longtime and outspoken proponent of...

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November 15, 2006

As Georgia legislators look ahead to the next legislative session, it appears that the future of the state income tax is up for debate. Legislators are considering joining the seven states with no individual income tax—Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. From the Augusta Chronicle:

House Republicans meeting...

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