The Tax Policy Blog

June 29, 2015

Last Friday, the Supreme Court issued a ruling in a 5-4 decision of the Obergefell v. Hodges case making same-sex marriage legal in all 50 states and territories of the United States. The ruling has allowed same-sex couples to have the same tax filing options as opposite-sex couples.  

Like with opposite-sex couples, a same-sex couple could end up with a...

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June 29, 2015

Switzerland is the latest European country to rule that bitcoin is exempt from value-added tax (VAT), following recent rulings by Spain, Finland, Belgium and other European nations.  The Swiss Federal Tax Administration (FTA) has never taxed bitcoin, but it stated its official position after clarification was requested from a pro-bitcoin group last year. Legal currencies are exempt from the Swiss VAT, and financial advisory firms are taking the FTA’s ruling to signify that Switzerland...

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June 26, 2015

Earlier this week, Joseph Henchman and I traveled to Chicago, Illinois to speak at the Council on State Taxation (COST) and National Conference of State Legislatures (NCSL) Tax Academy Policy Seminar. The event was a great opportunity to meet with state legislators and tax policy professionals from around the country and take part in three days of informative...

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June 25, 2015

Last week, legislation was proposed in the Canadian province of Alberta that could soon change its corporate income tax rate and personal income tax starting on July 1 and October 1, respectively.  Joe Ceci, the Minister of Finance, introduced the Act to Restore Fairness to Public Revenue in an effort to implement a progressive tax structure. The revenue generated by the tax would be used to invest in...

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June 25, 2015

The Net Investment Income Tax (NIIT), now in its third year, is becoming an ironic story of unfortunate unintended consequences.

The NIIT was passed in the Health Care and Education Reconciliation Act of 2010, following the passage of the Affordable Care Act. The tax designed to help pay for mounting Medicare costs following healthcare reform. Working as designed, the NIIT taxes unearned income, such...

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June 25, 2015

There’s been a lot of talk about Olive Garden in the media over the last few months, especially after one hedge fund released a 294-page report detailing everything that could be improved about the popular food chain. Now, Olive Garden’s parent company, Darden Restaurants Inc., has announced a major shift in the company’s legal organization – driven in part by how...

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June 25, 2015

This morning, the Supreme Court issued a 6-3 opinion affirming the IRS decision to offer subsidies to those who purchase plans from the federal healthcare exchange through the Affordable Care Act (ACA.) Writing for the majority, Chief Justice Roberts held that the context of the ACA required the court to deviate from “the most natural reading” of the clause at issue (restricting subsidies to those “enrolled in through...

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June 24, 2015

Today, the House Subcommittee on Select Revenue Measures will hold a hearing on the taxation of multinationals’ overseas earnings in order to fund the highway trust fund.

The United States federal government funds highway and transportation spending through what is called the highway trust fund. This trust fund...

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June 24, 2015

Kenneth Klassen is the Deloitte Professor and Director of the Waterloo Centre for Taxation in a Global Economy at the University of Waterloo.

Professor Klassen is a leading tax scholar and expert on international taxation and profit shifting. His research is frequently published in leading accounting journals and is actively driving the profit shifting discourse. 

Professor Klassen...

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June 23, 2015

The treatment of wine differs extensively across the states, and at higher rates than beer because of greater alcohol content. Check out today’s map below to see where your state lies on the wine tax spectrum....

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June 23, 2015

Recently the IRS released statistics about individuals who claim a deduction of over $500 for making noncash donations to charitable organizations. These donations – which can include clothing, household items, food, art, stock, or any other noncash property – accounted for 24.6% of all deductible charitable contributions in 2012.

For many individuals, noncash donations are a convenient way to contribute clothing or...

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June 23, 2015

Last week, Alaska Governor Bill Walker (I) signed legislation that will end subsidies for the state’s film industry.

Walker’s signature on the bill comes as little surprise, considering the Governor’s most recent budget proposal left no funds for the State’s film office. As a policy, film credits put Alaska in a tough spot; although the program remains popular, Walker could not justify...

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June 23, 2015

As an employee in the United States, it is understood that throughout the year, your employer will take a little bit of your income from your paycheck and remit it to the government as taxes. The amount your employer sends to the government depends on how high your income is, whether you are married, and how many dependents you have. This is called income tax withholding and has been part of the U.S. income tax system for many decades.

While the concept of income tax...

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June 23, 2015

Come 2017, Japan plans to increase its Value-added Tax (VAT) from 8 percent to 10 percent. This is part of the leading party’s plan to reduce Japan’s government debt and spur economic growth in the country. Given the country’s anemic economic growth in the past couple of decades, one would think that increasing taxes would be a poor choice for Japan. Many news...

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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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