Will Kentucky Build Upon Its 2018 Reforms This Year?
As Kentucky policymakers make final decisions on tax relief this year, they should make the most of this opportunity to return excess tax collections in a manner that would also enhance the Bluegrass State’s prospects for long-term economic growth.
5 min read
Windfall Profits Tax Wrong for American Energy
As oil prices skyrocket, a windfall profits tax targeted at oil company profits could punish domestic production and increase reliance on imports.
3 min read
Russia’s Ukrainian War Could Impact EU Carbon Proposal Too
Given the uncertainty surrounding the war in Ukraine, future trade relations with Russia, and the overall CBAM revenue structure. The EU will need to adjust policy when challenges arise as it looks to increase its role in fiscal affairs through new own resources.
5 min read
To Stimulate R&D Investment, Stop Penalizing it in the Tax Code
In his State of the Union Address, President Biden called for leveling the global research & development (R&D) playing field by increasing federal R&D spending, specifically by asking Congress to pass the bipartisan United States Innovation and Competition Act (USICA).
3 min read
Accounting for the Global Minimum Tax
Double taxation impacts the ability of companies to invest valuable things like improving their supply chains, developing new products, and hiring workers, and it can be fixed if the minimum tax uses a country’s own tax rate.
8 min read
Post-Versailles Declaration: Tax Policy in the Future of European Energy Security
The unified EU signing of the “Versailles Declaration” is a historic break from the past. Russia’s war against Ukraine has made energy (and related tax policies) an even more urgent focus for the EU.
6 min read
Iowa Enacts Sweeping Tax Reform
Even if 2022 sees many tax reforms, the scope of Iowa’s tax relief measures is likely to stand out. With the most recent reform package, Iowa lawmakers have made a significant investment in a more competitive tax climate for an increasingly competitive era.
6 min read
Florida Gas Tax Holiday Has Negligible Benefits—But Other States Seem Ready to Follow
A gas tax holiday may be good politics, but it’s unlikely to achieve its aims. There are far better ways to provide tax relief—short- or long-term—than an inefficient gas tax suspension.
4 min read
Tax Reform Framework Would Improve Nebraska’s Competitiveness
If Nebraska is to create a competitive environment and attract in-state investment, comprehensive tax modernization must be a priority.
9 min read