![Carbon Border Adjustment Mechanism EU CBAM carbon price carbon tariffs US global minimum tax US tax incentives Build Back Better tax rate on gilti Global Intangible Low Tax Income (GILTI) Global intangible low-taxed income US cross-border tax reform and GILTI Global Intangible Low Tax Income. Foreign tax credits](https://taxfoundation.org/wp-content/uploads/2021/02/global-map-international-300x200.jpg)
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![Carbon Border Adjustment Mechanism EU CBAM carbon price carbon tariffs US global minimum tax US tax incentives Build Back Better tax rate on gilti Global Intangible Low Tax Income (GILTI) Global intangible low-taxed income US cross-border tax reform and GILTI Global Intangible Low Tax Income. Foreign tax credits](https://taxfoundation.org/wp-content/uploads/2021/02/global-map-international-300x200.jpg)
![International tax rules, International Tax rules House Democrats' covid-19 relief proposal](https://taxfoundation.org/wp-content/uploads/2021/01/international-tax-trends-global-tax-e1615579465591-300x201.jpeg)
![Nebraska income tax reform and Nebraska tax relief pro-growth tax modernization in nebraska Nebraska Tax Modernization A Key to Economic Recovery and Growth in Nebraska](https://taxfoundation.org/wp-content/uploads/2021/02/nebraska-lincoln-capitol-2-300x240.jpeg)
Testimony: Prioritizing Comprehensive Tax Modernization in Nebraska
The Nebraska legislature has an excellent opportunity to make progress toward a simpler, stabler, less burdensome, and more competitive tax code.
4 min read![GloBE The Benefits of Cutting the Corporate Income Tax Rate](https://taxfoundation.org/wp-content/uploads/2018/08/international-globe-enhanced-e1534181266347-300x200.jpg)
Can GILTI and the GloBE be Harmonized in a Biden Administration?
While there are several parts of the policy that are subject to further discussion and agreement, GloBE is expected to be different from GILTI in several ways.
1 min read![Alabama tax reform and Alabama tax changes Alabama federal deductibility deduction for federal taxes paid state tax liability](https://taxfoundation.org/wp-content/uploads/2021/02/Alabama-capitol-building-linkedin-300x157.png)
Alabama Passes Tax Reform Aimed at Throwback, GILTI, and More
Learn more about the recent Alabama tax reform measures (House Bill 170), which combines pandemic-era tax policy responses with broader tax policy reforms.
4 min read![Carbon Border Adjustment Mechanism EU CBAM carbon price carbon tariffs US global minimum tax US tax incentives Build Back Better tax rate on gilti Global Intangible Low Tax Income (GILTI) Global intangible low-taxed income US cross-border tax reform and GILTI Global Intangible Low Tax Income. Foreign tax credits](https://taxfoundation.org/wp-content/uploads/2021/02/global-map-international-300x200.jpg)
U.S. Cross-border Tax Reform and the Cautionary Tale of GILTI
The Biden campaign and Senate Democrats identified changes to GILTI that would increase the taxes U.S. companies pay on their foreign earnings. Rather than tacking on changes to a system that is currently neither fully territorial nor worldwide, policymakers should evaluate the structure of the current system with a goal of it becoming more, not less, coherent.
51 min read![State Tax Policy Boot Camp](https://taxfoundation.org/wp-content/uploads/2021/01/Graphics-03-e1612386496297-300x150.png)
Join Us for a Free “State Tax Policy Boot Camp”
The Tax Foundation’s “State Tax Policy Boot Camp,” is ideal for anyone interested in gaining a better understanding of state taxation.
2 min read![American Rescue Plan state tax cuts Treasury clarification Biden international tax team, US treasury biden international tax appointees, Assistant Secretary in the Office of Tax Policy, Tax Policy as Deputy Assistant Secretary for Multilateral Tax, Kimberly Clausing, Rebecca Kysar and Itai Grinberg.](https://taxfoundation.org/wp-content/uploads/2020/05/US-Treasury-e1589467669268-300x200.jpeg)
Personnel Is Policy: Biden International Tax Team Edition
This week, the Treasury Department added several new appointees as staffing continues following President Biden’s inauguration. Among them were three scholars of international tax policy: economist Kimberly Clausing and law professors Rebecca Kysar and Itai Grinberg. These three will be influential in developing the administration’s approach to changing U.S. tax rules for multinational corporations and negotiating international tax policy changes at the Organisation for Economic Co-operation and Development (OECD).
4 min read![Nebraska income tax reform and Nebraska tax relief pro-growth tax modernization in nebraska Nebraska Tax Modernization A Key to Economic Recovery and Growth in Nebraska](https://taxfoundation.org/wp-content/uploads/2021/02/nebraska-lincoln-capitol-2-300x240.jpeg)
Thirteen Priorities for Pro-Growth Tax Modernization in Nebraska
We identify 13 of the highest tax reform priorities Nebraska policymakers should consider in their effort to create a more growth-friendly tax code. We also offer a sample comprehensive tax reform plan to show one way policymakers could begin tackling these objectives over the next couple legislative sessions, with further progress to be made in the years ahead.
8 min read![biden regulatory tax changes, tax regulations, tax regulatory changes, Janet Yellen](https://taxfoundation.org/wp-content/uploads/2020/11/2048px-Janet_Yellen_23712797651-300x200.jpg)
Potential Regulatory Changes in Tax Policy Under the Biden Administration
President Biden may make greater use of regulatory changes to modify how tax law is interpreted and administered. There are several areas where a Biden Treasury Department, likely led by former Federal Reserve Chair Janet Yellen, may focus.
3 min read![Federal tax policy after the 2020 election, upcoming federal tax increases, another round of economic relief](https://taxfoundation.org/wp-content/uploads/2020/11/biden-4442-300x157.jpeg)
Details and Analysis of President Joe Biden’s Campaign Tax Plan
What has President Joe Biden proposed in terms of tax policy changes? Our experts provide the details and analyze the potential economic, revenue, and distributional impacts.
23 min read![Biden Made in America manufacturing plan to boost R&D](https://taxfoundation.org/wp-content/uploads/2020/07/linkedin-In-Stream_Wide___Joe_Biden_WEF2017-300x158.jpg)
Reviewing Joe Biden’s Tax Vision
Biden’s tax vision is twofold: higher taxes on high-income earners and businesses paired with more generous provisions for specific activities and households.
4 min read![Tax Cuts and Jobs Act offshoring OECD BEPS project, OECD consultation document, OECD multinationals, Consumption tax policies in OECD countries, Consumption taxes in OECD countries](https://taxfoundation.org/wp-content/uploads/2019/10/linkedin-In-Stream_Wide___International-flags-sweden-e1570637639329-300x158.jpeg)
![](https://taxfoundation.org/wp-content/uploads/2020/06/linkedin-In-Stream_Wide___des-moines-iowa-300x158.jpg)
Iowa Decouples from 163(j) and GILTI, Clarifies Non-Taxation of PPP Loans
Iowa’s HF 2614, which passed both chambers of the legislature and now waits for the governor’s signature, makes several changes to the state’s tax code, which, although they will affect revenue, will encourage economic growth and make the state’s tax code more competitive.
4 min read![](https://taxfoundation.org/wp-content/uploads/2020/06/linkedin-In-Stream_Wide___capitol-fountain-e1592343339423-300x158.jpeg)
Tax Policy After Coronavirus: Clearing a Path to Economic Recovery
Governments at all levels must work to remove the tax policy barriers that stand in the way of economic recovery and long-term prosperity following the COVID-19 crisis. Our new guide outlines several comprehensive options that policymakers can take at the federal and state levels.
26 min read![State taxation of GILTI](https://taxfoundation.org/wp-content/uploads/2019/12/Conformity-19-Feb-2020-update-2-02-300x260.png)
Kansas, Nebraska, and Utah Lawmakers Pursue “Not GILTI” Verdicts
Taxing GILTI puts states at a competitive disadvantage compared to their peers—all for a tax that makes very little sense at the state level, and which legislators never sought in the first place.
5 min read![trends in state tax policy, 2019 state tax trends](https://taxfoundation.org/wp-content/uploads/2017/12/AdobeStock_53050132-e1529345716705-300x186.jpeg)
Tax Trends at the Dawn of 2020
From remote sales tax collection to taxes on marijuana and vaping products, we recap the top state tax trends from 2019 and break down which ones you should watch for in 2020.
38 min readGILTI and Other Conformity Issues Still Loom for States in 2020
Even two years after enactment of the federal Tax Cuts and Jobs Act (TCJA), many states have yet to issue guidance explaining how they conform to key provisions of the law, particularly those pertaining to international income.
27 min read![Tax Cuts and Jobs Act offshoring Controlled Foreign Corporation rules around the world CFC rules US CFC rules passive foreign investment companies, PFICs GILTI, global minimum tax](https://taxfoundation.org/wp-content/uploads/2019/06/linkedin-In-Stream_Wide___interntional-global-map-gilti-e1561400252793-300x158.jpg)
![OECD harmful tax practices, FHTP, OECD BEPS, OECD Base Erosion and Profit Shifting](https://taxfoundation.org/wp-content/uploads/2019/09/international-global-copy-e1568816297733-300x220.jpeg)
Tax Foundation Response to OECD Public Consultation Document: Global Anti-Base Erosion Proposal (“GloBE”) (Pillar Two)
The tax base for the income-inclusion rule will be just as important as determining the rate, and both the base and the rate will likely impact business decisions. Additionally, policymakers need to determine how the choice for blending fits with the overarching goal of the policy. And as the example of GILTI shows, it is essential to assess how current international tax regulations would interact with a global minimum tax.
11 min read