Corporate Income Taxes

Time to Shoulder Aside “Crowding Out” As an Excuse Not to Do Tax Reform

This paper evaluates the arguments for and against “crowding out” and compares these arguments to empirical studies. It discusses the impact of tax changes on the allocation of national income between consumption and saving, and the allocation of saving between private investment and government deficits. It finds that the crowding out argument is largely based on a mistaken assumption about the flexibility and availability of saving and credit for the financing of government deficits and private investment.

Updated Details and Analysis of the 2017 House Tax Cuts and Jobs Act

This comprehensive overview of the of the House Tax Cuts and Jobs Act includes a summary of its details and macroeconomic analysis of how it would impact federal revenue, wages, GDP, and after-tax incomes.

House Tax Cuts and Jobs Act Would Substantially Improve the U.S.’s International Tax Competitiveness

Considered as a whole, this plan would make the U.S. substantially more competitive, not only due to lower rates but also due to a better tax structure.

Explaining the Pass-Through Income Anti-Abuse Rules in the House Tax Cuts and Jobs Act

Though admittedly complex, the pass-through anti-abuse rules in the Tax Cuts & Jobs Act represent a well-thought-out approach to dealing with this issue.

Eight Important Changes in the House Tax Cuts and Jobs Act

The widely anticipated House Tax Cuts and Jobs Act includes hundreds of structural changes to the tax code. Here are the eight most important provisions in no particular order.

Details of the House Tax Cuts and Jobs Act

The House Tax Cuts and Jobs act would fundamentally reform the U.S. tax code for the first time in over 30 years. Here are all the important details.

2017 International Tax Competitiveness Index

Hampered by high marginal tax rates and complex business tax rules, the United States again ranks towards the bottom of the pack on our 2017 International Tax Competitiveness Index, placing 30 out of 35 OECD countries.

North Carolina Continues its Successful Tax Reforms

Ranking Corporate Taxes on the 2018 State Business Tax Climate Index

The Jobs and Wage Effects of a Corporate Rate Cut

Corporate tax reform done right is key to growing the economy, boosting real family incomes, and making the U.S. a better place in which to do business.

There Is More Than Meets the Eye When Analyzing the UK’s Corporate Tax Cut

When taking a closer look at the UK’s recent corporate tax reform experiment, it becomes clear that there was significantly more at work than just a simple rate cut. Increasing the effective marginal tax rate on new investments could have had a negative effect on wages, potentially offsetting the positive effects from the corporate rate cut.

Labor Bears Much of the Cost of the Corporate Tax

Recent empirical evidence shows that workers bear upwards of 70 percent of the corporate income tax burden, much more than popular tax models claim, which make errors in how they account for super-normal returns and the openness of our economy.

2018 State Business Tax Climate Index

For 15 years, our State Business Tax Climate Index has been the standard for legislators and taxpayers to understand how their state’s tax code compares and how it can be improved. Now, for the first time ever, you can explore our Index’s 100+ variables in an easy to use, interactive format.

Options for Improving Cost Recovery for Structures

If lawmakers are looking to maximize the positive economic effects from a tax bill, then improving tax depreciation for structures should probably be part of the conversation. Here are a few options.

Does Your State Levy a Capital Stock Tax?

Testimony: The Startup Slump: Can Tax Reform Help Revive American Entrepreneurship?

Tax reform should aim to get the tax code out of the way of entrepreneurship by making it simpler, less burdensome, and eliminating its anti-growth biases.

Details of the “Big Six” Tax Framework

Republican leadership in the House, Senate, and White House released a framework for a tax proposal that would lower taxes on businesses and individuals and simplify a number of aspects of the federal tax code. Here are the details we know right now.

Ohio’s Commercial Activity Tax: A Reappraisal

The Ohio Commercial Activity Tax, a 0.26 percent tax on business gross receipts above $1 million, is a throwback to an earlier era of taxation, bringing back a tax type that had been in steady retreat for nearly a century.

The Four Pillars of Corporate Tax Reform: Testimony before the Senate Finance Committee

The most important thing that Congress and the administration can do to boost economic growth, lift workers’ wages, create jobs, and make the U.S. economy more competitive globally, is reform our business tax system.

How Much Does Your State Collect in Corporate Income Taxes Per Capita?