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Controversy Erupts as Florida Follows Forty-Three States in Adopting Uncontroversial Tax Provision

More Tax Hikes Than Investment Projects?

Tax hikes implemented in the near term might undermine Spain’s economic recovery. Spain should focus on implementing tax reforms that have the potential to stimulate economic recovery by supporting private investment and employment while increasing its internal and international tax competitiveness.

New Research Finds Limited Effects on Taxpayer Behavior from Pass-through Deduction

While proponents of the Section 199A pass-through deduction claimed it would boost investment and critics claimed it would encourage tax avoidance and income shifting, new research casts doubt on both claims.

Imposing New Taxes on Peer-to-Peer Car Sharing Will Not Help Texas Economic Recovery

Imposing the rental car excise tax on peer-to-peer car sharing would be a move in the wrong direction by expanding a costly and distortive tax for visitors whose business will help Texans recover post-pandemic.

Options for Reforming America’s Tax Code 2.0

A robust collection of 70 potential US tax reform changes and US tax reform options for reforming the tax code. See the comprehensive tax reform guide.

Common Tax Questions, Answered

Get answers to some of the tax policy questions we hear most often from taxpayers, businesses, and journalists. Learn everything from the basics of who pays taxes and the difference between credits and deductions, to how taxes impact the economy and what constitutes sound tax policy. Discover additional resources to explore each question and topic in more depth.

Case Study: Cutting Corporate Taxes

The corporate income tax is levied by federal and state governments on business profits. State-level corporate income tax rates vary across the country. Learn about the effects of reduction and elimination of corporate income taxes and the economic result by comparing examples from North Carolina and Ohio

Inventory Valuation in Europe

The method by which a country allows businesses to account for inventories can significantly impact a business’s taxable income. When prices are rising, as is usually the case due to factors like inflation, LIFO is the preferred method because it allows inventory costs to be closer to true costs at the time of sale.

Treasury’s Latest Pillar 1 Proposal: A Strategy to Split the Riches or Give Away the Store?

New international tax rules on super-profits would disproportionately impact U.S. companies however they are designed. The question that Treasury should answer is why limit the policy in such a way that magnifies that disproportionate application and the risk to the U.S. tax base.

How High Are State and Local Tax Collections in Your State?

Although Tax Day has been pushed back this year, mid-April is still a good occasion to take a look at tax collections in the United States. Because differing state populations can make overall comparisons difficult, today’s state tax map shows state and local tax collections per capita in each of the 50 states and the District of Columbia.