Tax Policy Blog

Massachusetts Should Create a More Neutral, Competitive Corporate Excise Tax

Proposal to Increase New York Beer Tax

Austria’s New Government Revamps Tax Plans

Reviewing the Tax Changes in Senator Bennet’s Real Deal

The “Real Deal” would increase the tax burden on saving, investing, and working in the United States, and reduce the global competitiveness of the U.S. economy.

Coming This Spring: TABOR-Triggered Income Tax Relief in Colorado

Virginia Governor Looks to Excise Taxes

The proposed budget reflects a growing trend as policymakers across the country look to excise taxes as long-term solutions to budget woes. While excise taxes can be a part of the revenue picture, they are not a sustainable revenue source due to their narrow base, which is easily affected by changes in consumer behavior or market conditions.

Gov. Whitmer Signs Michigan Marketplace Facilitator Bills into Law

Lawmakers Agree to Let Extenders Live On

Policymakers Should Not Resuscitate the Medical Device Tax

Expensing Provisions Should Not Favor Physical Over Human Capital

Investments in worker training and education can increase productivity and economic output as growth in human capital accumulates, though the time horizon for these effects is longer than that of physical capital accumulation.

Analysis of the Restoring Tax Fairness for States and Localities Act

Germany’s Tax System: Developments and Competitiveness

Germany’s Plans for a Financial Transaction Tax

Biden’s Minimum Book Income Tax Proposal Would Create Needless Complexity

Utah Passes Tax Reform Bill in Special Session

Two Years After Passage, Treasury Regulations for the Tax Cuts and Jobs Act Surpass 1,000 Pages

Treasury released final regulations on the base erosion and anti-abuse tax (BEAT), which is meant to dissuade firms from engaging in profit shifting abroad. Other high-profile releases from 2019 include final regulations guiding enforcement of Section 199A, commonly known as the pass-through deduction; final regulations on enforcing the new tax on global intangible low-tax income (GILTI); and final regulations on state-level workarounds to the $10,000 limit on the state and local tax deduction (SALT).

Another Digital Services Tax? Canada Adds Its Proposal to the Mix

What’s on the Tax Policy Agenda at the EU

Comparing Wealth Taxation and Income Taxes

A low wealth tax rate is equivalent to a high-rate income tax. The interaction between wealth taxes and the existing income taxes must be considered when analyzing a wealth tax plan.

Comparing Capital Gains Tax Proposals by 2020 Presidential Candidates

Biden, Sanders, and Warren have staked out similar plans to increase capital gains taxes on the wealthiest Americans. While all three candidates have called for taxing capital gains at ordinary income rates, the phase-in levels and top marginal tax rates vary.