Taxes

Europe August 8, 2023July 16, 2024 Patent Box Regimes in Europe, 2023 The aim of patent boxes is generally to encourage and attract local research and development (R&D) and to incentivize businesses to locate IP in the country. However, patent boxes can introduce another level of complexity to a tax system, and some recent research

2024 Summer Olympics Taxes | TaxEDU Skip to content Home • Blog • How Are Olympians and Attendees 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 to cover the costs

Trump Social Security Tax Proposal: Details & Analysis Skip to content Home • Blog • Exempting Social Security Benefits from Income Tax Is Unsound and Fiscally Irresponsible On Wednesday, former President Donald Trump indicated he would support exempting Social Security benefits from income taxA tax is a mandatory payment or charge collected by local, state,

Blog October 31, 2023November 1, 2023 New Study Finds TCJA Strongly Boosted Corporate Investment The 2017 Tax Cuts and Jobs Act (TCJA) was the largest corporate tax reform in a generation, lowering the corporate tax rate from 35 percent to 21 percent, temporarily allowing full expensing for short-lived assets (referred to as bonus depreciation), and

2024 State Gas Tax Rates | 2024 Gas Taxes by State Skip to content Table of Contents Gas taxes affect the lives and finances of most Americans. Today’s map illustrates gas taxA gas tax is commonly used to describe the variety of taxes levied on gasoline at both the federal and state levels, to provide

STATES Act 2.0 Sets the Stage for Federal Cannabis Reform Skip to content Home • Blog • STATES 2.0 Act Sets the Stage for Federal Cannabis Policy According to recent reports, 72 percent of the current marijuana market in the US is illicit. Evidently, the federal criminalization of marijuana has failed to prevent its sale

IRS Tax Compliance Costs the US Economy $546B Annually Skip to content Table of Contents The federal 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. code imposes many costs on the US economy.

Tim Walz Tax Policies: Details & Analysis Skip to content Home • Blog • Gov. Tim Walz Raised Taxes as Most Governors Cut Them Most states have cut taxes at least once since 2021, with a renewed emphasis on taxA tax is a mandatory payment or charge collected by local, state, and national governments from

Vehicle Miles Traveled (VMT) Tax: US Transportation Funding Skip to content Table of Contents Key Findings Thanks to elevated deficits and interest rates, fiscal restraint is back in Washington. While substantially reversing America’s fiscal situation requires structural reforms to entitlements and taxes broadly, reforming transportation funding would also help. The user-pays principle is a sound

Did the TCJA Simplify the Tax Code? | Compliance & Complexity Skip to content Home • Blog • How Did the Tax Cuts and Jobs Act Simplify the Tax Code? If the individual provisions of the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

Retail Delivery Fees Are Not the Panacea for States’ Transport Budget Woes Skip to content Home • Blog • Retail Delivery Fees Are Not the Panacea for States’ Transport Budget Woes Attracted by the proliferation of last-mile local delivery services such as Amazon Delivery, Uber Eats, and DoorDash, legislators in certain states have looked to

2024 Sales Tax Rates by State (July) | State & Local Sales Taxes Skip to content Table of Contents Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. Local sales taxes are collected in 38 states. In some cases, they can rival or even exceed state rates. The five states with

2017 Tax Law Revenue Analysis: Tax Cuts and Jobs Act (TCJA) Skip to content Home • Blog • How Have Federal Revenues Evolved since the Tax Cuts and Jobs Act? Lawmakers in Congress are evaluating their options to avoid an automatic taxA tax is a mandatory payment or charge collected by local, state, and national

PA Tax Cuts: Pennsylvania Income Tax Reform Proposal Skip to content Home • Blog • Evaluating Proposed Pennsylvania Income Tax Reforms A pair of bills, SB 269 and HB 2388, cutting taxes in Pennsylvania are moving through the state legislature, but they stand in stark contrast to the governor’s proposed spending increases. The PA Senate

Biden CHIPS, Inflation Reduction Act: Business Investment Policies Skip to content Home • Blog • White House Right on Importance of Business Investment, Wrong on Relevant Policy The Treasury Department recently touted strong business investment in the years following the pandemic-driven recessionA recession is a significant and sustained decline in the economy. Typically, a recession

Trump Tax Plan 2024: Details & Analysis Skip to content Home • Blog • Trump’s Tax and Tariff Ideas: Details & Analysis Former President Donald Trump has not released a fully detailed taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs

Puerto Rico Tax Competitiveness and Pillar Two Skip to content Table of Contents Key Findings Puerto Rico has long relied on low taxes to attract real investment and profit shiftingProfit shifting is when multinational companies reduce their tax burden by moving the location of their profits from high-tax countries to low-tax jurisdictions and tax havens.

ARPA Tax Mandate Ruled Unconstitutional | American Rescue Plan Skip to content Home • Blog • ARPA’s Tax Mandate Ruled Unconstitutional by Appellate Court The Fifth Circuit has affirmed states’ authority over their respective taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover

Tax Burden on Labor in Europe, 2024 | Tax Foundation Europe Skip to content Home • Data • Tax Burden on Labor in Europe, 2024 Governments with higher taxes generally tout that they provide more services, and while this is often true, the cost of these services can be more than half of an average

Tariffs are a hot topic this election cycle for both President Biden and former President Trump. But why are tariffs so popular despite their economic downsides? In this episode, we unpack tariffs’ role in the political playbook, their impact on manufacturing jobs and consumers, and the Biden administration’s review of Trump-era tariffs. Erica York, Senior