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Tax Policy Blog

Stay informed with quick and accessible analysis of today's top tax policy topics. Read Tax Foundation's Tax Policy Blog for insight from our experts on tax policies across the U.S. and abroad.

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Blog Articles

6144 Results
Spain tax reform committee Spain Eurozone taxes Spain start-up law tax proposal investors entrepreneurs Spain startup law tax plan

Patching Spain’s Tax Code Won’t Attract Investors

Spain should follow the example of Madrid, the country’s most competitive region. A more efficient income tax system is a better objective than just focusing on incentives for foreigners to change their tax residence.

5 min read
Ways & means tax proposal seeks to combat extraterritorial taxes and discriminatory taxes Global minimum tax revenue OECD Pillar Two revenue OECD impact assessment OECD Pillar One tax Pillar one amount a Biden interest limitation Biden interest deduction rule Biden interest expense limitation Business interest expense limitation Democrat Senate international tax overhaul discussion draft legislation (Wyden Brown Warner international tax overhaul) or Sen Wyden international tax plan,

The Interest Limitation Pile-On

As Congress contemplates adding a new worldwide interest limitation rule as part of the House Build Back Better Act, it is useful to consider the potential effects of this proposal as well as whether it is necessary to add this on top of the U.S.’s existing restrictions on the value of interest deductions.

8 min read
Arkansas income tax cuts Arkansas tax reform Arkansas income tax reform Arkansas income tax cuts 2021 Arkansas remote work Arkansas convenience rule Arkansas Senate Bill 484 Tax Foundation testimony Arkansas Lieutenant Governor Looks to Eliminate Income Tax, Arkansas Lieutenant Governor Tim Griffin proposal to eliminate Arkansas income tax

Arkansas’s Sustainable Tax Reform: A Gift That Will Keep On Giving

Faced not only with immediate surpluses but with the expectation of sustained revenue growth in coming years, Arkansas policymakers have chosen to return some of the additional revenue to taxpayers in the form of individual and corporate income tax rate reductions, with additional rate cuts if future revenues permit.

6 min read
FairTax consumption taxes versus income taxes taxing criminals economics lesson plan flat tax definition flat income tax system Biden minimum tax, Biden corporate tax rate increase Biden corporate income tax, Biden book minimum tax Build Back Better reconciliation tax plan

Book Minimum Tax versus Corporate Rate Increase: Pick Your Poison

While the book minimum tax is smaller in scale than the proposed original corporate rate increases, it would introduce more complexity, inefficiency, and problems at the industry- and sector-levels that a corporate rate increase would not. Neither option is an optimal way to raise new tax revenues.

4 min read
Bipartisan tax policy roots

Tax Policy’s Bipartisan Roots

Michael J. Graetz is the Columbia Alumni Professor of Tax Law and a leading expert on national and international tax law.

5 min read
2021 North Carolina tax reform and 2021 North Carolina income tax reform and proposals

North Carolina Reinforces Its Tax Reform Legacy

With the adoption of its new budget in mid-November, North Carolina has reinforced its position as a leader in pro-growth tax reform, becoming the 12th state to enact income tax rate reductions in 2021 alone.

6 min read
Manufacturing, Machinery, Factory, Full Expensing, 100 percent bonus depreciation

Trump-Biden Tariffs Hurt Domestic Manufacturing

As lawmakers today look for ways to boost American industry and reduce costs for consumers, they should pay attention to the mountains of evidence that the Trump-Biden tariffs have harmed American consumers and businesses.

5 min read
Bonus Depreciation Helps Disadvantaged Workers, Study Finds. Low-skilled, black women, hispanic women, and young workers

Bonus Depreciation Helps Disadvantaged Workers, Study Finds

Low-skilled workers have been the hardest hit by the pandemic-induced economic slowdown. When deciding on bonus depreciation, which is currently set to expire in 2026, policymakers should remember that disadvantaged workers would be the most likely to benefit from making it permanent.

2 min read
Ohio commercial activity tax, Ohio gross receipts tax, Ohio business tax reform

Ohio’s CAT Is Out of the Bag

Coming out of the pandemic, the state of Ohio is estimating significant tax revenue growth, and some lawmakers are looking to take advantage and repeal the Commercial Activity Tax (CAT), one of only a few gross receipts taxes still levied in the country.

7 min read
Mississippi income tax reduction options. Mississippi income tax repeal Governor Tate Reeves budget proposal

Mississippians Would Benefit from Sustainable Income Tax Reduction

Mississippi lawmakers should deliver tax relief in 2022, but they need not take an all-or-nothing approach. There are many ways to improve the state’s tax code, even if full income tax repeal doesn’t remain on the table.

6 min read
2022 state tax changes effective January 1, 2022 child tax credit changes and child tax credit reform options 2021 state tax changes July 1 2021 US business tax collections remained close to historical norm in 2018. US business tax revenue and taxes paid by pass-through firms

Business Tax Collections Within Historical Norm After Accounting for Pass-through Business Taxes

When looking at the tax burden on businesses over time, it is important to provide a complete picture by accounting for the different types of businesses in the U.S. and the timing effects of the 2017 tax law. Doing so provides important context on existing tax burdens and for considering the impact of raising taxes on corporations and pass-through firms.

3 min read
Biden tax plan and analysis of Biden taxes Biden minimum tax on billionaires unrealized capital gains tax Biden tax proposals Biden taxes Biden tax plan Build Back Better inflation tax Biden inflation tax Top Tax Rate on Personal Income Would Be Highest in OECD under New Build Back Better Framework

How Will Build Back Better Impact Inflation?

The persistently high inflation in recent months has made some lawmakers question the need for additional deficit spending, In the short term, the Build Back Better Act would likely contribute to inflation, but the magnitude of that contribution is unclear.

3 min read
Tax proposals in 2022 Norway budget. See Norway tax proposals in Norway budget 2022

Norway’s New Budget Adds Unnecessary Complexity

Norway’s proposed reductions in income tax have the potential to increase disposable income for workers that can potentially raise consumption and contribute to economic growth. However, the increase of the wealth and indirect taxes is likely to step up the complexity of the tax system and create additional distortions.

3 min read
Build Back Better taxes 5G competition next generation wireless technology minimum tax on book income

How Do Build Back Better Taxes Affect 5G Competition?

One unintended consequence of the tax proposals in the Build Back Better Act is a higher potential burden on wireless spectrum investments, which could slow the build out of 5G technology as the U.S. races to compete with other countries—moving in the opposite direction of countries like China that are actively subsidizing 5G expansion.

5 min read
Schumer marijuana bill recreational marijuana tax revenue by state

Republican Cannabis Bill Would Tax by Category

Rep. Mace (R-SC)’s States Reform Act would deschedule, regulate, and tax cannabis products with a novel federal excise tax design—based on quantities and predefined categories, not dissimilar from how the federal government taxes alcohol and tobacco.

7 min read