The Tax Policy Blog

June 22, 2015

Switzerland’s Federal Council submitted a corporate tax reform plan to the Swiss Parliament earlier this month that focuses on abolishing preferential tax treatment of holding and management companies while increasing preferential treatment of research and development (R&D) and intellectual property activities, implementing rules for the disclosure of reserves, and reworking the capital tax structure....

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June 22, 2015

Last week, Senator Sheldon Whitehouse (D-RI) and Senator Brian Schatz (D-HI) introduced the American Opportunity Carbon Fee Act. According to the Senators, this bill aims to address concerns regarding climate change, while simultaneously improving economic performance.  Specifically, this bill will impose a tax on carbon dioxide emissions.  

This tax would be levied at $45/metric ton in 2016 and increase by 2% each year afterward. The tax is targeted at large emitters of greenhouse...

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June 22, 2015

The Wall Street Journal recently published an article on temporary tax laws, better known as tax extenders.

Tax extenders are a set of tax provisions that are only authorized for a year or two. When the provisions are near expiration, Congress decides whether to extend them or not, hence the name tax extender. Currently, all 50 or so tax extenders are expired for 2015, but Congress will likely...

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June 22, 2015

Thursday, the House voted to repeal the medical device tax, a 2.3 percent excise tax on the sales price of medical devices. Unlike previous pushes in the House that were strictly divided by party lines, the successful vote passed with bi-partisan support and now moves on to the Senate.

In terms of policy, the repeal would have a positive impact on consumers and the medical...

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June 22, 2015

This post originally appeared as an op-ed on Forbes here.

Wisconsin’s 2015-2017 budget has sparked disagreement within the legislature over a bevy of...

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June 22, 2015

This post originally appeared as an op-ed on Forbes here.

Last week, Oregon Senator Ron Wyden appealed to beer and wine lovers everywhere by introducing a bill to reform the taxation and regulation of alcoholic beverages. The “Craft Beverage Modernization and...

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June 22, 2015

Victoria Perry is Assistant Director in the Fiscal Affairs Department and Division Chief of the Tax Policy Division at the International Monetary Fund.

At the IMF since 1993, Ms. Perry has provided technical assistance in tax policy and revenue administration to more than 40 countries in Africa, Europe, and Asia. From 2002 to 2008, she served as Division Chief for Revenue Administration in the IMF’s Fiscal...

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June 22, 2015

Senator and Presidential hopeful Rand Paul (R-KY) recently released his tax reform plan. The plan eliminates most of the current tax code and replaces it with two taxes: a 14.5 percent tax on all individual income with a large standard deduction and personal exemption and a 14.5 percent VAT on a business’s profits and payroll. In total, this tax would cut federal revenues by about $300 billion a year or...

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June 19, 2015

This post originally appeared as an op-ed on Forbes here.

Ohio’s state budget has been in negotiation since January. Governor Kasich’s (R) original budget plan came in at a large fiscal cost because of hefty individual income tax cuts, but multiple...

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June 19, 2015

Citizens for Tax Justice has responded to our critique of their inaccurate budget estimate. Here’s what they wrote.

Yesterday, a CTJ blog...

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June 19, 2015

Thomas Neubig is Deputy Head of the Tax Policy and Statistics Division at the OECD’s Centre for Tax Policy and Administration.

Mr. Neubig is currently working on the OECD/G20 Base Erosion and Profit Shifting (BEPS) project’s “Action 11,” which aims to improve the quantitative analysis of profit shifting.

Mr. Neubig has over 30 years of experience as an economist in both...

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June 19, 2015

Yesterday, Senator Rand Paul released his tax reform plan (our analysis here). As expected, many news outlets are reporting on it.

In one article that looked at the plan, something jumped out at me. The article cited the Citizens for Tax Justice (CTJ) saying that Senator Paul’s tax plan...

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June 19, 2015

Tennessee State Representative Joe Armstrong (D-Knoxville) was indicted by a federal grand jury on Wednesday for an alleged cigarette tax stamp scheme. Authorities say he bought 42 rolls of cigarette stamps in 2006 at $0.20 each, then voted with a majority to increase the cigarette tax to $0.62 the next day, turning around and selling the stamps at a hefty profit. He did not claim the profit as income on his income taxes. From...

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June 18, 2015

Recently-announced presidential candidate Donald Trump has considered running for the presidency before. One of his more memorable tax policy ideas came in 1999, when he proposed a one-time 14.25% wealth tax on those with a net worth of over $10 million. He said that the tax would raise over $5.7 trillion, wiping away the national debt. While everyone loves an easy fix, this proposal was...

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June 18, 2015

Senator Rand Paul (R-KY), a candidate for president, recently announced his plan to reform the U.S. tax code. His proposal, the “Flat and Fair Tax,” would move to a 14.5 percent tax rate on all types of income with a sizable deduction and exemption, eliminate the corporate tax to create a 14.5 percent business transfer tax paid by businesses on profits and wages, introduce full expensing for investments...

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Subscribe to Tax Foundation - Tax Foundation's Tax Policy Blog The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.

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