Lunch Links: 21 States Sue Delaware; Kansas to Review Revenue Estimating; Estonia Making Taxes Even Easier
June 10, 2016
Today is June 10, the date in 323 B.C. on which Alexander the Great died at the age of 32. He was one of the founders of taxation, innovating the idea of demanding revenue from defeated tribes.
Here are some interesting links I came across:
- Carbon Tax Vote Today: The U.S. House will vote today on a symbolic resolution disapproving of a carbon tax. (Tax Foundation)
- Congress Advances Puerto Rico Bill: The U.S. House voted 297 to 127 to approve the measure, which would set up a seven-member panel to negotiate with the island’s creditors. The Senate has not yet announced what they’ll do. (U.S. News & World Report)
- Comprehensive Tax Reform in California: A Contextual Framework: California State Controller Betty Yee yesterday released a document discussing the principles of tax reform for the state. No specific recommendations were offered. (California State Controller’s Office)
- Connecticut Taxpayers Get Wrong Car Tax Bills: Residents are advised to check their bills and make any changes before paying them. A DMV computer problem is at issue. (Don’t Mess With Taxes)
- Kansas Governor Agrees to Revenue Estimating Review: Since they completely exempting pass-through entities from tax, Kansas has been unable to get its revenue estimates right. Governor Brownback (R) has agreed to appoint a group to figure out what’s going wrong. (Wichita Eagle)
- 21 States Sue Delaware Over Seized Property: Half of U.S. corporations are incorporated in Delaware, and the state has used that privilege to seize (“escheat”) unclaimed property from those corporations’ customers, ostensibly to return it to the rightful owners but somehow always padding their budget by hundreds of millions of dollars a year. The states are now suing Delaware in the U.S. Supreme Court. (Dallas Morning News)
- Estonia Expands Electronic Tax Data to Uber: Estonian taxpayers don’t deal with W-2s or 1099s because it’s all electronically linked. Now Uber drivers in Estonia can opt into a system where their driving income data is sent automatically to the tax office and added to their tax bill. The country is proud of the fact that 95 percent of government services can be completed online. (Reuters)
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