Business Taxes

Lawmakers May Vote on Making Key Provisions of the TCJA Permanent

The Tax Cuts and Jobs Act improved the US tax code, but key provisions are only temporary. Now Congress may vote to ensure those tax breaks are permanent.

China Announces Retaliatory Tariffs on U.S. Goods

Updated Kentucky Tax Reform Package Would Boost State from 33rd to 18th on the State Business Tax Climate Index (Updated)

Gross Receipts Taxes in the Marijuana Industry Found to Cause Distortionary Effects

States considering legalizing and taxing marijuana should pay attention to natural experiments occurring in states across the country.

Sources of Government Revenue in the OECD, 2018 Update

Governor Dayton’s Budget Proposal: Some Pro-Growth Provisions, but Misses the Mark on Others

The proposal includes some good reforms, including conforming to the federal full expensing provision, but also rolls back some recent positive changes.

Facts and Figures 2018: How Does Your State Compare?

Facts and Figures is a one-stop data resource comparing the 50 states on over 40 measures of individual and corporate income taxes, sales taxes, excise taxes, property taxes, business tax climates, and more.

Tax Reform Bill Will Increase the Trade Deficit. Good or Bad?

Proposed Chinese Tariffs Will Raise Taxes Following a Large Tax Cut

The Trump administration’s plan to levy $60 billion in tariffs on Chinese products could negate 20 percent of the benefits of the recently adopted tax cuts.

How an Unexpected Revenue Ruling Penalizes Capital Investment in Pennsylvania, and How Lawmakers Can Fix It

Failure to reverse this newly adverse treatment of capital investment makes it less likely that businesses will invest in Pennsylvania.

New Study Debunks European Commission Claims Justifying New Taxes on Digital Companies

Two States Cut Taxes Due to Federal Tax Reform

‘Iowa-Grown’ Steel Under Threat by Tariffs

Hearing on Expired Provisions Shows Support for Ending Tax Extender Ritual

Inversions under the New Tax Law

The Tax Cuts and Jobs Act was meant to boost growth and deter corporate inversions. What does it mean that an Ohio company is still moving its HQ to the UK?

Lessons from the 2002 Bush Steel Tariffs

New Jersey on Path to Tying for Highest Corporate Tax Rate in Country

New Hampshire Could Become the Ninth Income Tax-Free State

Will Lawmakers Finally Decide the Fate of Tax Extenders?

Correct Decision to Exempt Canada and Mexico Assures that New Tariffs Won’t Work as Planned

President Trump’s plan to impose tariffs on all steel and aluminum imports–except those from Mexico and Canada–will not work as the administration hopes. It will increase costs for businesses and raise prices for consumers.