![DeSantis gas tax relief DeSantis gas tax proposal Florida gas tax proposal Florida gas tax relief Florida online sales tax law bottled water tax on water extraction in Florida](https://taxfoundation.org/wp-content/uploads/2021/03/Florida-state-capitol-petert2-adobe1-e1614638833939-300x200.jpeg)
Blog Articles
![DeSantis gas tax relief DeSantis gas tax proposal Florida gas tax proposal Florida gas tax relief Florida online sales tax law bottled water tax on water extraction in Florida](https://taxfoundation.org/wp-content/uploads/2021/03/Florida-state-capitol-petert2-adobe1-e1614638833939-300x200.jpeg)
![Spain Recovery Plan Tax Hikes 2020 Spanish Regional Tax Competitiveness Index, Spain economic recovery, Spain recovery budget, Spain recovery plan](https://taxfoundation.org/wp-content/uploads/2020/10/barcelona-spain-300x225.jpg)
More Tax Hikes Than Investment Projects?
Tax hikes implemented in the near term might undermine Spain’s economic recovery. Spain should focus on implementing tax reforms that have the potential to stimulate economic recovery by supporting private investment and employment while increasing its internal and international tax competitiveness.
5 min read![Section 199A pass-through deduction. Securing a Strong Retirement Act of 2020., Bipartisan legislation to encourage retirement savings](https://taxfoundation.org/wp-content/uploads/2020/10/money-retirement-tax-filing-savings-e1604328812163-300x200.jpeg)
New Research Finds Limited Effects on Taxpayer Behavior from Pass-through Deduction
While proponents of the Section 199A pass-through deduction claimed it would boost investment and critics claimed it would encourage tax avoidance and income shifting, new research casts doubt on both claims.
3 min read![Texas car sharing tax. Texas excise tax texas property tax, texas margin tax, texas gross receipts tax, greg abbott, texas sales tax](https://taxfoundation.org/wp-content/uploads/2019/07/Texas-capitol-flag-e1561994753907-300x169.jpeg)
Imposing New Taxes on Peer-to-Peer Car Sharing Will Not Help Texas Economic Recovery
Imposing the rental car excise tax on peer-to-peer car sharing would be a move in the wrong direction by expanding a costly and distortive tax for visitors whose business will help Texans recover post-pandemic.
4 min read![American Rescue Plan state tax cuts treasury clarification on American Rescue Plan ban on state tax cuts. Treasury minimum tax on current minimum tax on foreign profits of U.S. companies](https://taxfoundation.org/wp-content/uploads/2018/12/AdobeStock_82143769-e1576168823228-300x200.jpeg)
Treasury’s Latest Pillar 1 Proposal: A Strategy to Split the Riches or Give Away the Store?
New international tax rules on super-profits would disproportionately impact U.S. companies however they are designed. The question that Treasury should answer is why limit the policy in such a way that magnifies that disproportionate application and the risk to the U.S. tax base.
6 min read![Biden corporate minimum book tax proposal. Learn more about the Biden minimum corporate book tax plan (minimum tax on book income)](https://taxfoundation.org/wp-content/uploads/2021/04/Biden-23-300x200.jpg)
Biden’s Corporate Minimum Book Tax Narrows, but Problems and Uncertainties Remain
The corporate tax base should be reformed directly, rather than piecemeal through a complicated and burdensome separate tax applicable to a small number of companies.
5 min read![Business tax hikes Some Corporations Pay Zero Federal Income Taxes—and That Is Not a Problem Democrats child tax credit plan. tax administration issues, tax complexity cares act. trump tax cuts who benefited taxpayer subsidies for drug ads](https://taxfoundation.org/wp-content/uploads/2020/04/linkedin-In-Stream_Wide___calculator-budget-tax-filing-money-data-e1607106049861-300x158.jpeg)
Denying Deductions for Pharma Ads Is Bad Tax Policy
The “End Taxpayer Subsidies for Drug Ads Act” would prohibit companies from deducting the costs of prescription drug advertisements directed at the public. However, the bill’s title is a misnomer: the deduction is not a tax subsidy.
2 min read![international tax avoidance To help countries face the pandemic-related financing needs while reducing inequality, the International Monetary Fund (IMF) has released a series of policy recommendations based on a temporary COVID-19 tax, levied on high incomes or wealth. IMF tax proposals: shrink inequality or harm pandemic economic recovery? OECD work plan, BEPs 2.0, base erosion, profit allocation, global minimum tax, base erosion and profit shifting oecd](https://taxfoundation.org/wp-content/uploads/2019/06/international-global-flag-oecd-eu-e1560791893281-300x201.jpeg)
IMF Tax Proposals: Shrink Inequality or Sink Post-Pandemic Recovery?
To help countries face the pandemic-related financing needs while reducing inequality, the International Monetary Fund (IMF) has released a series of policy recommendations based on a temporary COVID-19 tax, levied on high incomes or wealth.
4 min read![Flag and buildings, corporate taxation, double taxation](https://taxfoundation.org/wp-content/uploads/2019/05/us-flag-business-corporate-Copy-e1579289326942-300x180.jpg)
Biden’s Tax Plan Would Restore U.S. Exceptionalism—But Not in a Good Way
No other country has tried to enforce some of the policies that the Biden administration is proposing. Embarking on such uncharted course would set the U.S. apart from global tax policy norms and best practices and could harm American competitiveness.
4 min read![After the Super-Deduction Assessing Proposals for the Reform of Capital Allowances](https://taxfoundation.org/wp-content/uploads/2019/10/linkedin-In-Stream_Wide___uk-big-ben-e1571323047177-300x158.jpg)
Leveling Up: The UK’s Super-Deduction and its Regional Divide
As part of the 2021 Budget, the UK introduced a 130 percent super-deduction for plant and equipment for the next two years, meaning that businesses can take a deduction amounting to 130 percent of the costs in the year the investment is made.
4 min read![Portland small business tax rates under Biden tax plan Oregon gross receipts tax legislation Oregon gross receipts tax amendment Oregon education bill](https://taxfoundation.org/wp-content/uploads/2019/04/Portland-Oregon-e1555100569452-300x200.jpg)
Portland Small Business Owners Facing Weirdly High New Taxes—and It Could Get Worse
Newly implemented county and regional taxes yield state and local top marginal tax rates in excess of 26 percent for many Portland small businesses, and if all of President Biden’s tax proposals were adopted, those owners could face all-in marginal rates of more than 80 percent, far and away the highest in the country going back decades.
5 min read![Tyreek Hill taxes Tyreek hill state taxes and tax liability NFL federal tax on sports betting, excise tax on sports betting. BILL TO REPEAL EXCISE TAX ON LEGAL SPORTS BETS, Rep. Dina Titus (D-NV) and Rep. Guy Reschenthaler (R-PA) Super bowl sports betting. States Positioned for a Super Bowl Win with New Taxes on Sports Betting. The American Gaming Association estimates that Americans will wager a total of $4.3 billion on the highly anticipated matchup of the defending champion Kansas City Chiefs vs. the Tampa Bay Buccaneers in Tampa.](https://taxfoundation.org/wp-content/uploads/2021/02/NFL-Football-Super-Bowl-Win-Sports-Betting-e1612454632433-300x200.jpeg)
Arcane Federal Tax on Sports Betting Is Too Much to Handle
Lawmakers would be well-advised to consider changes to the federal excise tax on sports betting if the industry is to be successful competing against the large illicit market for wagers.
3 min read![intellectual property IP tax GILTI FDII global minimum tax Biden tax patent boxes impact business, patent boxes, software, intellectual property tax](https://taxfoundation.org/wp-content/uploads/2019/06/IP-patent-boxe-e1561041263501-300x184.jpeg)
The Balancing Act of GILTI and FDII
The tax treatment of intangible assets has come into the spotlight recently with the Biden administration proposing to undo a policy adopted in 2017 to encourage intellectual property (IP) to be located in the U.S.
6 min read![New York city tax proposals New York budget and New York revenue options](https://taxfoundation.org/wp-content/uploads/2018/04/AdobeStock_97927166-e1529340766726-300x147.jpeg)
14.8% Individual Income Tax and 16.1% Corporate Income Tax Coming To New York City?
Raising rates on those with the most flexibility to leave—or never to return—risks turning those fears into a self-fulfilling prophesy.
3 min read![ARPA state tax cuts limitations (net state tax cuts)](https://taxfoundation.org/wp-content/uploads/2021/04/state-map-us-map-e1617644791634-300x200.jpeg)
ARPA’s Tax Cuts Limitation Is a Problem for More States Than You Think
Tax cut legislation is not just a red state phenomenon, and tax reductions come in many forms other than rate reductions. The American Rescue Plan Act’s state tax cuts limitation is a problem for more states than you think.
2 min read![West Virginia manufacturing tax burden, West Virginia tax burden on manufacturing, West Virginia taxes on manufacturing, West Virginia business tax burden](https://taxfoundation.org/wp-content/uploads/2019/11/West-Virginia-e1572618741464-300x225.jpg)
Why Smoking and Vaping Tax Increases Should Not be Part of West Virginia’s Reform Proposals
In West Virginia, both Senate Republicans and Gov. Justice have offered proposals for reductions to the state’s income tax. In both of the proposals, excise taxes on tobacco and nicotine products are part of the pay-fors that are supposed to make up revenue lost due to lower income tax rates.
4 min read![U.S. Effective Corporate Tax Rate Is Right in Line With Its OECD Peers President Biden infrastructure plan Biden corporate tax proposals](https://taxfoundation.org/wp-content/uploads/2021/04/US-Effective-Corporate-Tax-Rate-Is-Right-in-Line-With-Its-OECD-Peers-President-Biden-Infrastructure-Plan-Raise-Corporate-Taxes-249x300.png)
U.S. Effective Corporate Tax Rate Is Right in Line With Its OECD Peers
Whether we use corporate tax collections as a portion of GDP, average effective tax rates, or marginal tax rates, each measure shows that the U.S. effective corporate tax burden is close to or above the average compared to its OECD peers. Raising corporate income taxes would put the U.S. at a competitive disadvantage, whether one looks at statutory tax rates or effective corporate tax rates.
3 min read![](https://taxfoundation.org/wp-content/uploads/2021/04/Combined-corporate-tax-rates-under-Biden-tax-plan.-Corporations-would-face-30-percent-income-tax-under-Biden-tax-plan-300x272.png)
Combined Corporate Rates Would Exceed 30 Percent in Most States Under Biden’s Tax Plan
While the focus has been on the federal rate, it is important to include state tax rates when thinking about the total tax burden on corporate income.
2 min read![Biden American Jobs Plan, Biden Infrastructure plan, Biden Infrastructure spending, Biden infrastructure corporate taxes and corporate tax proposals economic recovery Biden Infrastructure taxes](https://taxfoundation.org/wp-content/uploads/2021/03/biden-333-crop-300x189.jpg)
President Biden’s Infrastructure Plan Raises Taxes on U.S. Production
An increase in the federal corporate tax rate to 28 percent would raise the U.S. federal-state combined tax rate to 32.34 percent, higher than every country in the OECD, the G7, and all our major trade partners and competitors including China.
6 min read![Biden infrastructure plan Biden infrastructure spending tax, revenue, and economic impact](https://taxfoundation.org/wp-content/uploads/2021/03/site-2906337_960_720-300x225.jpg)
CBO Study: Benefits of Biden’s $2 Trillion Infrastructure Plan Won’t Outweigh $2 Trillion Tax Hike
The economics is clear: If Biden wants to maximize the economic benefits of his $3 trillion in new infrastructure spending, he should cut $3 trillion in other government spending to pay for it.
7 min read