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Part 2: Understanding President Biden’s and Congressional Democrats’ Tax Plans: Corporate Taxes

Gas Taxes in Europe, 2021

Options for Reforming the Taxation of U.S. Multinationals

The Biden administration’s international tax proposals would impose a 7.7 percent surtax on the foreign profits of U.S. multinationals, resulting in a net increase in profit shifting out of the U.S.

Senator Warren’s Corporate Book Tax Is Wrong Way to Fund New Spending

The arguments for a new surtax on corporate book income misconstrues why there are differences between a corporation’s taxable income and book income.

Does Your State Have a Corporate Alternative Minimum Tax (AMT)?

Will FDII Stay or Will it Go?

While the Biden administration has certainly proposed to remove FDII, it is not clear that Congress is on board with that approach.

Virtual Conference: Is the World Economy Ready for a New Global Tax System?

Striking Right Balance for Cryptocurrency Reporting Requirements in Bipartisan Infrastructure Package

While it makes sense to ensure cryptocurrency transactions are treated similarly to other financial assets, the nature of these requirements as written are potentially unworkable.

Congressional Budget Office Shows 2017 Tax Law Reduced Tax Rates Across the Board in 2018

CBO data shows that the TCJA reduced federal tax rates for households across every income level while increasing the share of tax paid by the top 1 percent.

Three Reasons Why Full Cost Recovery Is Right Even if Assets Increase in Value

The ideal treatment is to match the tax code to a firm’s cash flow—allow immediate deductions for all expenses, including all forms of investment, while taxing the resulting returns from the investments.