The Tax Policy Blog

June 15, 2015

Last week, Spanish Princess Cristina de Borbon was stripped of her title as the Duchess of Palma de Mallorca as she awaits trial amid tax fraud charges. The princess and her husband are accused of using a sports charity to embezzle 6 million euros ($6.75 million) during the 1996 Olympics in Atlanta. This scandal is one of many reasons former Spanish King Juan Carlos...

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June 15, 2015

A Swiss ballot initiative proposing a federal inheritance tax was roundly rejected yesterday, with 71 percent of voters opposing the measure. The proposed inheritance tax, which is a type of tax similar to the U.S. federal estate tax, would have imposed a 20 percent tax on all estates left directly to children.

Switzerland ranks highly on the Tax Foundation’s 2014 International Tax...

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June 15, 2015

Nadine Riedel is Professor of Public Finance and Economic Policy at Ruhr University Bochum in Germany.

Professor Riedel is a leading researcher and rising star in the field of international taxation and tax competition. A prolific author of peer-reviewed publications, Professor Riedel has published studies across a broad spectrum of areas related to the taxation of multinational firms and profit shifting....

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June 15, 2015

Magna Carta is rarely remembered as an instrument of tax reform; rather, we tend to celebrate it for its ban on fish-weirs, standardization of corn measures, exclusion of the d’Athee family from royal service, and, okay, perhaps also its contribution to the development of the rule of law.

But even if we don’t usually think of taxes as Magna Carta’s bailiwick (still less the d’Atheés': “We will...

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June 12, 2015

Summer may be upon us but we’re still working with the states in session. Here’s a quick list of the studies, testimonies, and updates we’ve put out in the last two weeks:

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June 12, 2015

The Kansas Senate just voted 21-19 to concur in the House tax plan (SB 270/HB 2109), sending it to Governor Brownback who has said he will sign it. The plan has eight major components:

  • Increases the state sales tax from 6.15 percent to 6.5 percent, effective July 1, 2015 (although retailers have 30 days to implement, which may push back the actual effective date). Coupled with local sales taxes, Kansas now leapfrogs California to have the ...
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June 12, 2015

Earlier today, Connecticut governor Dannel Malloy (D) announced proposed revisions to the $2 billion in tax increases in the recently-passed biennial budget. The proposal would cancel a planned increase of a tax on data processing, delay a planned switch to combined income reporting until 2016, and eliminate...

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June 12, 2015

1969: the year Nixon took office, the year of the first manned Moon landing, and the year that Butler County, Pennsylvania completed its last property tax assessment.

Now, there’s really no reason to single out Butler County other than the fact that I once lived there—the reality is, going decades without a reassessment isn’t all that unusual in Pennsylvania, just one of several quirks in the Commonwealth’s tax structure discussed at a Pennsylvania Senate Finance Committee hearing...

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June 12, 2015

Yesterday evening, Louisiana legislators passed a large set of tax-related bills as a part of the state’s overall budget package. Louisiana has had an interesting legislative session. The budget shortfall was $1.6 billion, and statutory dedications in the state make it very difficult to cut spending in programs other than higher education and health care.

Another important wrinkle is that Governor Jindal, a presidential hopeful, is an Americans for Tax Reform (ATR) ...

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June 12, 2015

Alabama's legislative session ended last Thursday, but lawmakers have yet to come to an agreement on how to close the upcoming fiscal year budget gap. Last month, we wrote about three revenue increase plans that were on the table. Below is an overview of what those revenue plans looked like (click ...

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June 11, 2015

Illinois lawmakers still haven’t reached a budget deal, even though the legislative session came to a close on May 31st. The General Assembly and Governor Rauner have until July 1 to come to a solution—the date when the new fiscal year begins.

As my colleague Joseph Henchman pointed out recently,

[Governor] Rauner in...

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June 11, 2015

In an op-ed published today in The Hill, Mike Garland and Susan Reilly of the American Wind Energy Association advocated for the long-term continuation of the Production Tax Credit (PTC) for renewable energy. Since the Energy Policy Act of 1992, the PTC has played a significant...

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June 11, 2015

State and local governments obtained 23 percent of their combined tax collections from general sales taxes in the 2012 fiscal year (the most recent year available). This week’s map shows the amount of state and local sales tax collections per capita in each state.

Click on map to enlarge. (See our reposting policy here.)

...

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June 11, 2015

European Commissioner for Competition Margrethe Vestager announced yesterday that the European Union (E.U.) would widen an investigation into member states’ tax policies, which she alleges aided international corporations in attaining selective tax advantages. Countries under investigation include Estonia, Ireland, and Luxembourg, all of which rank in the...

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June 10, 2015

In a recent interview on ABC’s This Week, Presidential hopeful Bernie Sanders reiterated his position that he wants the United States to look more like Scandinavian countries policy-wise:

George Stephanopoulos: “I can hear the Republican attack ad right now: ‘He wants America to look more like Scandinavia.’”

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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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