![Maryland sales tax hike on businesses proposed by state lawmakers](https://taxfoundation.org/wp-content/uploads/2020/02/Maryland-capitol-Annapolis-e1582560389223-300x183.jpeg)
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![Maryland sales tax hike on businesses proposed by state lawmakers](https://taxfoundation.org/wp-content/uploads/2020/02/Maryland-capitol-Annapolis-e1582560389223-300x183.jpeg)
![mark-to-market definition MTM tax New York Stock Exchange (NYSE) threatens to relocate servers over New Jersey financial transaction tax. Learn more about NJ financial transaction tax proposal.increasing taxes on capital gains, increasing capital gains taxes, increasing capital gains tax](https://taxfoundation.org/wp-content/uploads/2019/08/linkedin-In-Stream_Wide___finance-stock-market-trading-wall-street-financial-e1564765901421-300x158.jpeg)
Recent Study on Financial Transaction Taxes Understates their Economic Harm
FTTs are unreliable sources of revenue and can increase risky financial activities. When looking to address income inequality and raise revenue, lawmakers should look to alternatives to this complicated and distortive tax.
5 min read![](https://taxfoundation.org/wp-content/uploads/2020/02/linkedin-In-Stream_Wide___bloomberg-300x158.jpg)
Bloomberg’s Financial Transaction Tax (FTT) Proposal Revives Bad Policy
In a way, one should sometimes be most wary of taxes with a very, very, very low rate. It suggests a certain hesitance on the part of the policymaker, as if he knows he’s playing with something potentially very damaging.
4 min read![](https://taxfoundation.org/wp-content/uploads/2018/08/linkedin-In-Stream_Wide___manufacturing_factory_worker_labor_full_expensing_jobs_corporate_investment_economy_1_50-e1572385627740-300x158.jpeg)
![Brexit, UK tax system, UK CFC rules, UK controlled foreign corporation, UK BEPS](https://taxfoundation.org/wp-content/uploads/2019/07/UK-flag-555-e1563371770126-300x200.jpg)
New Evidence on Territorial Taxation
6 min read![Reliance on corporate tax revenue in Europe, UK tax revenue reliance](https://taxfoundation.org/wp-content/uploads/2020/02/CIT-Reliance-2020-01-300x300.png)
![State and local tax collections per capita, 2020 state tax collections per capita, 2020 state and local tax collections per capita](https://taxfoundation.org/wp-content/uploads/2020/02/SL-Tax-Collections-300x253.png)
![Wisconsin state budget tax proposals Wisconsin standard deduction increase, Wisconsin tangible personal property tax reform, Madison Wisconsin](https://taxfoundation.org/wp-content/uploads/2020/02/Wisconsin-madison-e1582124889586-300x200.jpeg)
![OECD tax revenues 2021 sources of government revenue in the oecd, 2019, government tax revenue corporate tax revenue corporate tax revenues](https://taxfoundation.org/wp-content/uploads/2019/04/Sources-of-government-revenue-euros-CROP-e1555963525137-300x188.jpeg)
Sources of Government Revenue in the OECD, 2020 Update
OECD countries have on average become more reliant on consumption taxes and less reliant on individual income taxes. These policy changes matter, considering that consumption-based taxes raise revenue with less economic damage and distortionary effects than taxes on income.
13 min read![2020 corporate tax proposals, proposals to increase the corporate tax rate](https://taxfoundation.org/wp-content/uploads/2020/02/2020-CIT-UPDATED-01-300x200.png)
Analysis of Democratic Presidential Candidates Corporate Income Tax Proposals
2020 Democratic presidential candidates have proposed various changes to the corporate income tax, which includes increasing the rate, ranging from 25 percent to 35 percent, imposing a corporate surtax or a minimum tax, and lengthening depreciation schedules.
17 min read