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![Kentucky combined reporting kentucky tax](https://taxfoundation.org/wp-content/uploads/2019/03/kentucky-e1553008334770-300x225.jpg)
![Arkansas Tax Reform, Arkansas Phase 3 Arkansas Individual income tax cuts Phase Three](https://taxfoundation.org/wp-content/uploads/2019/01/Arkansas-e1548895732799-300x200.jpeg)
Corporate Tax Reform Comes to Arkansas
Arkansas’s Senate Bill 576 would overhaul the state’s corporate income tax code and dramatically increase its competitiveness from 46th to 44th nationally.
3 min read![OECD Secretariat Proposal, OECD Public Consultation Document, Unified Approach under pillar one](https://taxfoundation.org/wp-content/uploads/2019/11/international-tax-flag-oecd-eu-global-e1573491548305-300x168.jpeg)
What’s up with Being GILTI?
The Tax Cuts and Jobs Act made significant changes to the way U.S. multinationals’ foreign profits are taxed. GILTI, or “Global Intangible Low Tax Income,” was introduced as an outbound anti-base erosion provision.
5 min read![federal tax rates vary by income and source, individual income tax, corporate income tax, payroll tax, excise tax](https://taxfoundation.org/wp-content/uploads/2019/03/paf-4-featured-01-300x287.png)
How Do Transfers and Progressive Taxes Affect the Distribution of Income?
Federal tax rates vary by income group and tax source. The federal tax system redistributes income from high- and low-income taxpayers.
3 min read![New Mexico Tax Increase Package Advances, Governor Grisham](https://taxfoundation.org/wp-content/uploads/2019/03/New-Mexico-balloon-festival-enhance-e1551973734942-300x200.jpg)
New Mexico Tax Increase Package Advances
7 min read![Distilled spirits, liquor, liquor tax, liquor taxes, spirits excise tax, spirits excise taxes on spirits](https://taxfoundation.org/wp-content/uploads/2019/03/FINAL-011-300x284.png)
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What Happens When Everyone is GILTI?
Secretary Mnuchin, Finance Minister Le Maire, and other tax policy leaders should encourage the OECD and their own research staff to perform serious economic analysis on the alternatives for changing international tax rules before moving forward. It would be quite unfortunate for the world to learn the wrong lessons from U.S. tax reform.
3 min read![Income and payroll taxes make up a growing share of federal revenue, income tax, payroll tax, corporate tax, tax revenue, federal revenue](https://taxfoundation.org/wp-content/uploads/2019/02/PAF-Chart-4-300x228.png)
The Composition of Federal Revenue Has Changed Over Time
The federal income tax and federal payroll tax make up a growing share of federal revenue. Individual income taxes have become a central pillar of the federal revenue system, now comprising nearly half of all revenue.
2 min read![State Corporate Income Tax Rates and Brackets for 2019, state corporate tax rates 2019](https://taxfoundation.org/wp-content/uploads/2019/02/FINAL-FINAL-01-300x287.png)
![Capital Allowances Europe](https://taxfoundation.org/wp-content/uploads/2019/02/FINAL-02-300x287.png)
Capital Allowances in Europe
3 min read![Wisconsin budget surplus Wisconsin budget tax proposals Wisconsin property tax system, Wisconsin State Assembly, Wisconsin Committee on Community Development](https://taxfoundation.org/wp-content/uploads/2019/10/madison-wisconsin-300x200.jpg)
Wisconsin Tax Options: A Guide to Fair, Simple, Pro-Growth Reform
Despite tax cuts in recent years, Wisconsin’s overall tax structure lags behind competitor states in simplicity, tax rates, and business climate for residents and investment. Explore our new comprehensive guide to see how the Badger State can achieve meaningful tax reform.
11 min read![vapor taxes 2019, e-cigarette taxes, vape, vaping, vape taxes, vapor taxes, vapor excise taxes](https://taxfoundation.org/wp-content/uploads/2019/02/FINAL-300x287.png)
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![Amortizing Research and Development Expenses Under the Tax Cuts and Jobs Act research and development expensing](https://taxfoundation.org/wp-content/uploads/2019/02/transportation-innovation-e1549319924993-300x200.jpg)
Amortizing Research and Development Expenses Under the Tax Cuts and Jobs Act
Expensing, or the immediate write-off of R&D costs, is a valuable component of the current tax system. The TCJA’s change to amortization in 2022, requiring firms to write off their business costs over time rather than immediately, would raise the cost of investment, discourage R&D, and reduce economic output.
12 min read![Wyoming business tax competitiveness](https://taxfoundation.org/wp-content/uploads/2019/01/wyoming-e1548714988143-300x188.jpg)
![State tax Global Intangible Low-Taxed Income (GILTI)](https://taxfoundation.org/wp-content/uploads/2019/01/Conformity-Maps-07-300x255.png)
GILTI Minds: Why Some States Want to Tax International Income—And Why They Shouldn’t
The new federal tax on Global Intangible Low-Taxed Income (GILTI) is something of a misnomer: it’s certainly global and it’s definitely income, but the rest of it is, at best, an approximation. It’s not exclusively levied on low-taxed income, nor just on the economic returns from intangible property. So what is GILTI, why might states tax it, and what’s the problem with that?
8 min readToward a State of Conformity: State Tax Codes a Year After Federal Tax Reform
States incorporate provisions of the federal tax code into their own codes in varying degrees, meaning that federal tax reform has implications for state revenue beyond any broader economic effects of tax reform.
73 min read![OECD tax revenues 2021 sources of government revenue in the oecd, 2019, government tax revenue corporate tax revenue corporate tax revenues](https://taxfoundation.org/wp-content/uploads/2019/04/Sources-of-government-revenue-euros-CROP-e1555963525137-300x188.jpeg)
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