Business Taxes

New Jersey Still Considering Hefty Corporate Tax Increase, a Move in the Wrong Direction

The OECD Highlights the Economic Growth Benefits of Full Expensing

The Organisation for Economic Co-operation and Development (OECD) praised a measure in the Tax Cuts and Jobs Act (TCJA) passed last December.

New Letter Says the “Retail Glitch” is Discouraging Business Investment

Retail groups sent a letter to Congress explaining that the “retail glitch” in the Tax Cuts and Jobs Act would discourage business investment.

Automobile Tariffs Would Offset Half the TCJA Gains for Low-income Households

The Fixtures Fix: Correcting the Drafting Error Involving the Expensing of Qualified Improvement Property

Due to a legislative oversight, the Tax Cuts and Jobs Act excluded the category of qualified improvement property investment from 100 percent bonus depreciation.

Highlights from the New JCT Tax Expenditure Report

How have federal tax expenditures changed since passage of the Tax Cuts and Jobs Act? We compare 2017 and 2018 Joint Committee on Taxation estimates.

Capital Cost Recovery across the OECD, 2018

One hundred percent expensing for short-life business investments was a great start but needs to be enacted on a permanent basis for it to have an impact on long-term decision-making.

IRS to Issue Guidance Clarifying Viability of SALT Deduction Cap Workarounds

Business Head Taxes Take Aim at Having “Too Many Good Jobs”

Indiana Passes Conformity Bill in One-Day Special Session

Indiana recently passed tax conformity legislation linking the state’s individual and corporate tax code to the new federal law.

Radical Changes to Small Business Taxation in the Works in New York

Seattle’s New Business Head Tax Law is Deeply Unpopular

Governor Dayton Vetoes Minnesota’s Conformity Bill

How Well-Funded are Pension Plans in Your State?

More than half the states have pension plans that are less than two-thirds funded, and five states have pension plans that are less than 50 percent funded.

Fee Proposal Would Discourage Companies from Hiring Lower-Income Workers

Is Every Tax Cut Kansas?

D.C. Proposes Sales Tax Increase, Other Tax Changes

Contrary to “Fair Share” Claims, Businesses are Central to Tax Collection Systems

Taxes matter to investment decisions. Global tax collectors must weigh the marginal benefit of additional revenues against the economic harm high business taxes could cause.

Help from Our Friends: What States Can Learn from Tax Reform Experiences across the Country

Important lessons can be learned from other state experiences with tax reform. While Kansas teaches us what not to do, Utah, Indiana, North Carolina, and the District of Columbia illustrate that smart, sensible tax reform is possible.

Not So Much Ado About Stock Buybacks—Q1 2018 Repurchases Comparable to Past Years

A closer look at the data shows that the amount of stock buybacks following the enactment of the Tax Cuts and Jobs Act isn’t out of the norm.