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Lawmakers debate permanent bonus depreciation reform options including permanent full expensing and other cost recovery improvements manufacturing economy us workers

Expensing: It Pays to Be Permanent

As lawmakers work through the reconciliation process, permanently enacting improvements to deductions for capital investment and research and development (R&D) costs will create an economically powerful package.

7 min read
2025 VAT rates in Europe, see 2025 VAT rates by country including 2025 EU VAT rates for value-added taxes

VAT Rates in Europe, 2025

More than 175 countries worldwide—including all major European countries—levy a value-added tax (VAT) on goods and services. EU Member States’ VAT rates vary across countries, though they’re somewhat harmonized by the EU.

5 min read
Trump tariffs Trump trade war tracking economic impact tax foundation analysis

Trump Tariffs: Tracking the Economic Impact of the Trump Trade War

We estimate the 25 percent tariffs on Canada and Mexico and 10 percent tariffs on China proposed to go into effect as early as February 1, 2025, would shrink economic output by 0.4 percent and increase taxes by $1.2 trillion between 2025 and 2034 on a conventional basis.

20 min read
Trump Global Minimum Tax Order

Five Things to Know About Trump’s Global Minimum Tax Order

This week, the incoming Trump administration issued a day-one executive order on the global minimum tax agreement known as Pillar Two, which seeks to ensure multinational corporations pay at least 15 percent in income tax.

6 min read
2025 corporate income tax rates europe 2025 corporate tax rates europe highest and lowest tax rates in eu

Corporate Income Tax Rates in Europe, 2025

Some European countries have raised their statutory corporate rates over the past year, including Czechia, Estonia, Iceland, Lithuania, and Slovenia.

3 min read
2025 State tax changes taking effect January 1

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.

25 min read
Christmas gifts Christmas shopping tariffs holiday shopping

Are Tariffs the Ghost of Christmas Future?

The holiday season is marked by time with friends and family, joy, and gift-giving. But could tax policy make the sticker shock from your shopping list next year tariff-ying?

4 min read