![The Impact of High Inflation on Tax Revenues across Europe](https://taxfoundation.org/wp-content/uploads/2024/06/AdobeStock_522977445-300x200.jpeg)
All Related Articles
![gas tax definition windfall profits tax oil and gas profits oil company profits windfall tax](https://taxfoundation.org/wp-content/uploads/2022/03/gas-station-gas-333-300x192.jpg)
![gift tax definition gift taxes credit union exemption, credit union tax exemption](https://taxfoundation.org/wp-content/uploads/2019/10/money-dollar-funding-saving-finance-e1570813455951-300x166.jpg)
![](https://taxfoundation.org/wp-content/uploads/2021/06/layoffs-GILTI-300x168.png)
GILTI: Foreign Tax, Local Impact
Since only U.S. businesses pay the GILTI tax, not foreign businesses, it makes U.S.-based brands less competitive abroad. Whatever its intentions, GILTI is a flawed policy, and doubling down on it will hurt us abroad, and at home.
![international debt sharing, debt financing, market value of a firm, lend money](https://taxfoundation.org/wp-content/uploads/2019/06/international-competition-globe-enhaced-e1561651253753-300x200.jpg)
Global Deal or No Deal
On July 1st, 2021, over 130 countries agreed to an unprecedented 15% global minimum tax. One year later, the deal appears stuck. Daniel Bunn joins Jesse to discuss what this delay means for countries and multinational corporations, and what the path ahead looks like for global tax policy and competition.
![Carbon Border Adjustment Mechanism EU CBAM carbon price carbon tariffs US global minimum tax US tax incentives Build Back Better tax rate on gilti Global Intangible Low Tax Income (GILTI) Global intangible low-taxed income US cross-border tax reform and GILTI Global Intangible Low Tax Income. Foreign tax credits](https://taxfoundation.org/wp-content/uploads/2021/02/global-map-international-300x200.jpg)
![Companies that don't pay income taxes](https://taxfoundation.org/wp-content/uploads/2021/07/Vaccine-Corporate-C_G-video-300x168.png)
Going Beyond the Headlines: Understanding Corporate Taxes
Every so often, you will see headlines highlighting large companies that pay little or no corporate income tax. While these stories may seem shocking, the reality is much more mundane.
![Gross income definition or gross pay definition TaxEDU Labor Share of Net Income is Within Its Historical Range President Biden Made in America Tax Plan and American Jobs Plan](https://taxfoundation.org/wp-content/uploads/2019/04/calculator-5-300x225.jpg)
![](https://taxfoundation.org/wp-content/uploads/2022/07/Green-Rush-Principles-for-Taxing-Cannabis-300x167.png)
Green Rush: Principles for Taxing Cannabis
Taxing cannabis is brand-new territory. While many states see recreational cannabis as a potential gold mine for tax revenue, the reality of designing a new tax is more complicated.
![Gross income definition or gross pay definition Summary of the Latest Federal Income Tax Data, 2024 Update](https://taxfoundation.org/wp-content/uploads/2024/03/calculator-spreadsheet-data-300x200.jpeg)
![Gross Receipts Tax Gross receipts taxes, turnover tax, gross receipts tax](https://taxfoundation.org/wp-content/uploads/2019/02/gross-receipts-tax-2-300x249.png)