Net Operating Losses (NOLs)

Net Operating Loss Carryforward and Carryback Provisions in Europe, 2025

Carryover provisions help businesses “smooth” their risk and income, making the tax code more neutral across investments and over time.

State Tax Changes Taking Effect January 1, 2025

Thirty-nine states will begin 2025 with notable tax changes, including nine states cutting individual income taxes. Recent years have seen a wave of significant tax reforms, and the changes scheduled for 2025 show that these efforts have not let up.

Another Huge Federal Deficit in Fiscal Year 2024 Despite Surging Corporate and Other Tax Collections

While federal tax collections—especially corporate taxes—have reached historically high levels, these gains have not kept pace with escalating spending, particularly on debt interest, leading to a substantial and concerning budget deficit in FY24.

A Journey Through Germany’s Tax Laws

Get ready to hit the autobahn and explore the world of German taxes! We’ll navigate the complexities of Germany’s tax structure.

Net Operating Loss Carryforward and Carryback Provisions in Europe, 2024

Carryover provisions help businesses “smooth” their risk and income, making the tax code more neutral across investments and over time.

Evaluating the Proposed Tax Changes in Illinois Governor’s FY 2025 Budget

In his FY 2025 budget, Illinois Gov. Pritzker outlined a number of proposed tax changes, including to individual and corporate income taxes, state sales taxes, and sports betting excise taxes.

Portugal’s Corporate Taxes Stifle Investment and Economic Growth

Portugal has the second highest top corporate tax rate in the OECD at 31.5 percent, including multiple top-up taxes. Unlike most OECD countries, Portugal imposes a highly progressive tax structure on corporate income.

Comparing Europe’s Tax Systems: Corporate Taxes

According to the corporate tax component of the 2023 International Tax Competitiveness Index, Latvia and Estonia have the best corporate tax systems in the OECD.

European Tax Policy Scorecard: Capital Cost Recovery under BEFIT versus Current Member State Policies

A harmonized EU tax base is a project in the making. Policymakers have a chance to put the Union on a path for increased investment and economic growth by focusing on the details of capital cost recovery.

CCCTB vs. BEFIT: How Have the Proposals Changed?

If the EU is going to harmonize its tax base, it should do so in a way that increases the efficiency and competitiveness of tax policy for the EU as a whole, and not just seek out the lowest common denominator.

The Future of Arkansas Tax Reform: Next Steps on the Road Map to Competitiveness

Responsible pro-growth reforms to Arkansas’s tax code can help ensure that the Natural State is indeed a Land of Opportunity.

BEFIT: One-Stop-Shop or One-More-Stop?

On 12 September, the European Commission released a proposal called “Business in Europe: Framework for Income Taxation” (BEFIT) and two associated proposals on transfer pricing and a Head of Office tax system.

Net Operating Loss Carryforward and Carryback Provisions in Europe, 2023

Carryover tax provisions help businesses “smooth” their risk and income, making the tax code more neutral across investments and over time.

Germany’s Tax Proposals: Enhancing Loss Treatment but Dropping the Super-Deduction

For policymakers in Germany, corporate taxation stands out as a promising area for reform. See Germany tax reform and Germany tax proposals.

“Monetizing” Clean Energy Tax Credits Creates a Sham Market for Bad Policy

Explore IRS clean energy tax credits, including Direct Pay, the IRA and CHIPS Act tax provisions, and Section 1603 grant program. See more.

Distributed Profits Tax

Republican Study Committee’s Tax Plan Simplifies the Tax Code and Offers Pro-Growth Ideas

By extending bonus depreciation and introducing neutral cost recovery, the RSC budget would significantly improve the treatment of investment leading to increased growth, expanded employment, and higher wages.

The Commonwealth’s Case for Corporate Tax Reforms

The Pennsylvania Senate Finance Committee recently advanced two bills, SB 345 and SB 346, that would build on last year’s historic corporate net income tax (CNIT) reform.

Chile Needs Pro-Growth Tax Reform

As Chile looks to the future, policymakers might want to follow the UK’s example. Policymakers should focus on growth-oriented tax policies that encourage private and foreign direct investment, savings, and entrepreneurial activity, increasing Chile’s international tax competitiveness.

Comparing Europe’s Tax Systems: Corporate Taxes

According to the corporate tax component of the 2022 International Tax Competitiveness Index, Latvia and Estonia have the best corporate tax systems in the OECD.