Tax Policy Blog

Georgia House Passes Flat Income Tax Legislation

Michigan Voters Could Allow Governor to Oversee a $1.5 Billion Tax Increase by Executive Fiat

Key Tax Provisions from the UK’s 2020 Budget

Maryland Lawmakers Provide No Solution to Central Issues with Digital Advertisement Tax

Ohio Voters To Consider Requiring Two-Thirds Majority for Income Tax Increases

Will Nebraska Find a Path Forward in its Property Tax Standstill?

What Would Income Equality Really Look Like?

Massachusetts House Proposes Doubling Down on Worst Features of State Corporate Excise Tax to Fund Transportation

South Carolina House Unanimously Approves Business License Tax Reform

How Controlled Foreign Corporation Rules Look Around the World: Colombia and a Perspective of Latin America

For Colombia, as well as for other countries in the world that are not capital exporters, one important question is whether CFC rules are necessary or are indirectly a requirement to be part of world organizations like the OECD (which Colombia is not a member) in order to be on the radar of larger economies.

Analysis of the Economic, Revenue, and Distributional Effects of Repealing Step-up in Basis

Maryland Lawmakers Consider Sales Tax Hike on Businesses

Recent Study on Financial Transaction Taxes Understates their Economic Harm

FTTs are unreliable sources of revenue and can increase risky financial activities. When looking to address income inequality and raise revenue, lawmakers should look to alternatives to this complicated and distortive tax.

Bloomberg’s Financial Transaction Tax (FTT) Proposal Revives Bad Policy

In a way, one should sometimes be most wary of taxes with a very, very, very low rate. It suggests a certain hesitance on the part of the policymaker, as if he knows he’s playing with something potentially very damaging.

Marginal Tax Rates on Labor Income in the U.S. After the Tax Cuts and Jobs Act

New Evidence on Territorial Taxation

Wisconsin Considers Standard Deduction Increase, TPP Tax Reduction

How Controlled Foreign Corporation Rules Look Around the World: Germany

Germany has had a Controlled Foreign Corporation (CFC) regime since 1972, when the German Foreign Transactions Tax Act was enacted. Under the German regime, a CFC is a foreign company where its capital or voting rights are either directly or indirectly majority-owned by German residents at the end of its fiscal year.

Kansas, Nebraska, and Utah Lawmakers Pursue “Not GILTI” Verdicts

Taxing GILTI puts states at a competitive disadvantage compared to their peers—all for a tax that makes very little sense at the state level, and which legislators never sought in the first place.

Toomey Introduces Legislation to Make Bonus Depreciation Permanent and Fix the Retail Glitch

Making 100 percent bonus depreciation permanent avoids the uncertainty associated with the phaseout of a powerful pro-growth policy and would provide a cost-effective boost to long-run economic output, wages, and employment in the United States.