![Reliance on corporate tax revenue in Europe, UK tax revenue reliance](https://taxfoundation.org/wp-content/uploads/2020/02/CIT-Reliance-2020-01-300x300.png)
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![Reliance on corporate tax revenue in Europe, UK tax revenue reliance](https://taxfoundation.org/wp-content/uploads/2020/02/CIT-Reliance-2020-01-300x300.png)
![State and local tax collections per capita, 2020 state tax collections per capita, 2020 state and local tax collections per capita](https://taxfoundation.org/wp-content/uploads/2020/02/SL-Tax-Collections-300x253.png)
![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)
Sources of Government Revenue in the OECD, 2020 Update
OECD countries have on average become more reliant on consumption taxes and less reliant on individual income taxes. These policy changes matter, considering that consumption-based taxes raise revenue with less economic damage and distortionary effects than taxes on income.
13 min read![2020 state tax data, facts and figures 2020 tax foundation](https://taxfoundation.org/wp-content/uploads/2020/02/Facts-and-Figures-front-page-2020-01-300x180.png)
Facts and Figures 2020: How Does Your State Compare?
Our updated 2020 edition of Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.
1 min read![Net Operating Loss Carryforward, Net Operating Loss Carryback, Net Operating Loss Tax Provisions, Loss Carryover tax provisions](https://taxfoundation.org/wp-content/uploads/2020/02/NOL-01-296x300.png)
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![2020 State Individual Income Tax Rates and Brackets, 2020 state individual income taxes, 2020 state income tax rates, 2020 state income tax](https://taxfoundation.org/wp-content/uploads/2020/02/PIT-2020-dv2-01-300x253.png)
State Individual Income Tax Rates and Brackets, 2020
Individual income taxes are a major source of state government revenue, accounting for 37 percent of state tax collections in fiscal year (FY) 2017. Several states had notable individual income tax changes in 2020: Arizona, Arkansas, Massachusetts, Michigan, Minnesota, North Carolina, Ohio, Tennessee, Virginia, and Wisconsin.
9 min read![State Corporate Income Taxes Increase Tax Burden on Corporate Profits, State Corporate Taxes](https://taxfoundation.org/wp-content/uploads/2020/01/CIT-Tax-Burden-on-Corporate-Profits-fv-01-300x259.png)
![State Corporate Income Tax Rates and Brackets for 2019, state corporate tax rates 2020](https://taxfoundation.org/wp-content/uploads/2020/01/AdobeStock_301637516-e1580221706332-300x125.jpeg)
State Corporate Income Tax Rates and Brackets, 2020
Forty-four states currently levy a corporate income tax. Rates range from 2.5 percent in North Carolina to 12 percent in Iowa. Over the past year, several states, including Florida, Georgia, Indiana, Mississippi, Missouri, and New Jersey, implemented notable corporate income tax changes.
7 min read![Financial Transaction Taxes in Europe, EU financial transaction tax, FTT in Europe, FTT in EU, Financial transactions tax in europe](https://taxfoundation.org/wp-content/uploads/2020/01/FTT-fv-01-e1579722314804-300x285.png)
Financial Transaction Taxes in Europe
2 min read![Territoriality of European OECD Countries’ Corporate Tax Systems, as of 2019, Under a territorial tax system, international businesses pay taxes to the countries in which they are located and earn their income. This](https://taxfoundation.org/wp-content/uploads/2020/01/Territorality-fv-300x294.png)
Territoriality of Tax Systems in Europe
3 min read![2020 State and Local Sales Tax Rates, 2020 state sales tax rates, 2020 local sales tax rates](https://taxfoundation.org/wp-content/uploads/2020/01/Sales-tax-rates-e1578946490729-300x200.jpeg)
State and Local Sales Tax Rates, 2020
While many factors influence business location and investment decisions, sales taxes are something within lawmakers’ control that can have immediate impacts.
12 min read![VAT rates in Europe, Value-Added Tax Rates Europe, consumption tax Europe](https://taxfoundation.org/wp-content/uploads/2019/02/FINAL-01-01-01-300x285.png)
VAT Rates in Europe, 2020
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Where Did Americans Move in 2019?
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![On New Year's Eve, the ball drops in New York City. Before New Year's Eve, compare champagne taxes in your state! New Year's 2020](https://taxfoundation.org/wp-content/uploads/2019/12/linkedin-In-Stream_Wide___new-years-eve-1905144_1920-300x158.jpg)
![New Year's Eve in Europe. Sparkling wine taxes in Europe](https://taxfoundation.org/wp-content/uploads/2019/12/champagne-v2-01-296x300.png)
Sparkling Wine Taxes in Europe
1 min read![2023 State Tax Changes as of January 1, 2023, Comprehensive guide to 2020 tax changes and 2020 state tax changes](https://taxfoundation.org/wp-content/uploads/2019/12/linkedin-In-Stream_Wide___State-Tax-Changes-As-of-January-1-e1576782906933-300x158.jpeg)
State Tax Changes as of January 1, 2020
This year was a significant one for state tax policy, and the wide range of changes taking effect January 1, 2020, reflects the scope and intensity of that activity. With states continuing to grapple with issues like the taxation of international income and collections obligations for remote sellers and marketplace facilitators, the coming year is unlikely to be any quieter.
23 min read![What is a Bank Tax? Compare bank Taxes in Europe. The 2008 financial crisis triggered a global debate on whether taxes can be used as way to stabilize the financial sector (financial institutions).](https://taxfoundation.org/wp-content/uploads/2019/12/Bank-Taxes-fv2-01-e1579720935333-300x293.png)