Business Taxes

Reliance on Corporate Income Tax Revenue in Europe

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

Wisconsin Considers Standard Deduction Increase, TPP Tax Reduction

Sources of Government Revenue in the OECD, 2020

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.

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.

How Controlled Foreign Corporation Rules Look Around the World: Germany

Germany has had a Controlled Foreign Corporation (CFC) regime since 1972, when the German Foreign Transactions Tax Act was enacted. Under the German regime, a CFC is a foreign company where its capital or voting rights are either directly or indirectly majority-owned by German residents at the end of its fiscal year.

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.

Toomey Introduces Legislation to Make Bonus Depreciation Permanent and Fix the Retail Glitch

Making 100 percent bonus depreciation permanent avoids the uncertainty associated with the phaseout of a powerful pro-growth policy and would provide a cost-effective boost to long-run economic output, wages, and employment in the United States.

The Collaborative Economy—Data Exchange with Tax Authorities

Facts and Figures 2020: How Does Your State Compare?

Our updated 2020 edition of Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.

Net Operating Loss Carryforward and Carryback Provisions in Europe

The White House Budget Highlights the Need to Extend Pro-Growth TCJA Business Tax Provisions

Full expensing, if made permanent, would be one of the most cost-effective ways to increase growth as it would produce about 4.5 times more GDP growth per dollar of revenue than making the law’s individual tax provisions permanent, according to our analysis.

Which States Rely the Most on Federal Aid?

Bracing for Impact

Though they are limited by both data and assumptions, the OECD will face similar limitations. As policymakers work to fine-tune the proposals under both Pillar 1 and 2 the impact assessment should be a critical part of that discussion.

Will Arizona Lead the Way on Full Expensing This Year?

Overview of Democratic Presidential Candidate Michael Bloomberg’s Tax Plan

Tax Subsidies for R&D Expenditures in Europe

How Controlled Foreign Corporation Rules Look Around the World: Spain

The CFC legislation in Spain is not as complicated as it is in some other countries, and it is aligned with the standards recommended by the OECD. The Spanish rules have evolved in a way that the rules are designed to comply with the EU principles not to interrupt the functioning of the Union and its single market.

Testimony: Kansas Tax Modernization: A Framework for Stable, Fair, Pro-growth Reform

Profit Shifting: Evaluating the Evidence and Policies to Address It

The OECD has been working to assess the impact of their program of work, and it will be critical for this assessment to take into account impacts not only on revenues, but also on growth and investment.