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TCJA Interest Limitations Had Small Impact on Corporate Activity Skip to content Home • Blog • Treasury Finds TCJA Interest Limitations Had Small Impact on Corporate Activity A new working paper published by U.S. Treasury economists found that the interest limitations implemented under the 2017 TaxA tax is a mandatory payment or charge collected by

Proposed “Junk Fee” Rule Would Create Tax Headaches Skip to content Home • Blog • Proposed “Junk Fee” Rule Would Create Inadvertent Tax Headaches Sellers in some states could soon be simultaneously required and prohibited from publishing sales taxA sales tax is levied on retail sales of goods and services and, ideally, should apply to

Tax-Free Savings Accounts (TFSA) Are a Huge Success in Canada Skip to content Home • Blog • Canada’s Tax-Free Savings Accounts Are a Huge Success. U.S. Lawmakers Should Take Note For most Americans, saving is a taxing experience. The most readily available option is to put money away in a savings or brokerage account and

2024 Personal Income Tax Rates in Europe | Tax Foundation Skip to content Table of Contents Most countries’ personal income taxes have a progressive taxA progressive tax is one where the average tax burden increases with income. High-income families pay a disproportionate share of the tax burden, while low- and middle-income taxpayers shoulder a relatively

US Deficit: CBO Budget & Economic Outlook: 2024 to 2034 Skip to content Home • Blog • Major Takeaways from CBO’s Updated Long-Term Outlook Last week, the Congressional Budget Office (CBO) released an updated Budget and Economic Outlook. The report (released annually) presents the agency’s current projections of major fiscal and economic trends for the

Blog March 17, 2023October 12, 2023 Temporary Full Expensing Arrives in the UK The UK’s adoption of full expensing is a welcome step that may generate short-run economic benefits. However, for the reform to have a meaningful effect on the UK’s international competitiveness and long-run economic performance, it must be made permanent—which the British government

Tax Foundation Europe Launches Skip to content Home • Blog • Tax Foundation Europe Launches Website and Prepares Brussels Office The landscape of taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. policy is

Remote Work Tax Issues This Tax Season | TaxEDU Skip to content Home • Blog • How Are Remote and Hybrid Workers Taxed? This is part of our educational blog series, “The Short Form,” to simplify taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

Flat Tax Revolution: State Income Tax Reform | Tax Foundation Skip to content Home • Blog • The State Flat Tax Revolution: Where Things Stand Today Latest Updates Updated to reflect the implementation of structural changes in several states. Updated to reflect recent state tax policy developments. Originally published. See Full Timeline In the first

US Pandemic Response Impact on Inequality & Progressivity Skip to content Home • Blog • New CBO Report Shows Pandemic Response Sharply Reduced Inequality, Increased Progressivity in 2020 The pandemic led to one of the largest fiscal responses in U.S. history, impacting households across the income distribution. A new report from the Congressional Budget Office