Taxes

Boston Tea Party 250th Anniversary: What Really Happened Skip to content Home • Blog • The Short Form: What’s the Tea? 250 Years since the Boston Tea Party This is part of our educational blog series, “The Short Form,” to simplify tax issues and explore the world through the lens of tax policy. Learn more

Is the Republican Foreign Pollution Fee Act a Carbon Price? Skip to content Home • Blog • Is the Foreign Pollution Fee Act a Carbon Price? A national-level carbon price—a 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

Retirement Saving Reforms: Details & Analysis Skip to content Home • Blog • How Recent Reforms to Retirement Saving Will Impact Taxpayers in 2024 and Beyond As part of an omnibus spending package last December, Congress enacted several changes to retirement savings accounts that are scheduled to phase in over the next several years. The

Corporate Tax Rates around the World, 2023 Skip to content Table of Contents Key Findings In 2023, 13 countries made changes to their statutory corporate income taxA corporate income tax (CIT) is levied by federal and state governments on business profits. Many companies are not subject to the CIT because they are taxed as pass-through

Ukraine Tax Reform Is Key to Country’s Economic Health Skip to content Home • Blog • Tax Reform Is Key to Ukraine’s Economic Health, Now and after the War The European Council will meet this week to consider the status of Ukraine’s European Union membership application. Some Member States are skeptical that EU funds will

Treasury Public Input Pillar One Response Skip to content Table of Contents 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. Foundation appreciates the opportunity to respond to the Treasury Department’s request for public

Indiana Local Income Taxes Compatible with State Tax Reform? Skip to content Home • Blog • Are Local Income Taxes Compatible with State Tax Reform? Insights from Indiana Local 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

SALT Deduction Cap Design Options: Details & Analysis Skip to content Home • Blog • Policymakers Must Weigh the Revenue, Distributional, and Economic Trade-Offs of SALT Deduction Cap Design Options Heading into 2024, Congress is inching closer to a raft of taxA tax is a mandatory payment or charge collected by local, state, and national

Personal Property Tax Exemptions for Small Businesses Skip to content Table of Contents Key Findings Most states 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. business personal property (machinery, equipment, fixtures, electronics, etc.),

Cigarette Taxes | Cigarette Smuggling by State | Tax Foundation Skip to content Home • Data • Cigarette Taxes and Cigarette Smuggling by State, 2021 December 5, 2023December 4, 202317 min readBy: Adam Hoffer Table of Contents Key Findings: Excessive taxA tax is a mandatory payment or charge collected by local, state, and national governments

Moore Tax Case & Realization Principle | Tax Foundation Skip to content Home • Blog • Why Moore v. U.S. Won’t Get Us a Consumption Tax Base The U.S. federal income taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of

Parts of TCJA are expiring soon—Here’s what that means for you Skip to content Home • Blog • The Short Form: Parts of the TCJA Are Expiring Soon—Here’s What That Means for You This is part of our educational blog series, “The Short Form,” to simplify tax issues and explore the world through the lens

2023 Tax Extenders: Details & Analysis Skip to content Home • Blog • Tax Extenders in 2023: Three Major Business Provisions and an Expanded Child Credit? For many years, December in Washington, D.C., has been taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to

Tim Scott Tax Plan: Details & Analysis | Tax Foundation Skip to content Home • Blog • Tim Scott Suspends 2024 Campaign but the Need for His Cost Recovery Tax Policies Remains In mid-November, U.S. Senator Tim Scott (R-SC) suspended his 2024 presidential campaign. Scott’s decision is a loss for taxpayers and people interested in

Business Tax Reform Critical to Capital Investment Set to Expire Soon Skip to content Home • Blog • Risks to Worldwide Investment as Capital Allowances Began to Phase Out in 2023 Capital investment is critical for driving innovation and sustainable economic growth. Unfortunately, some countries’ important investment incentives are scheduled to decrease in the coming

UK Full Expensing to Be Made Permanent | Tax Foundation Skip to content Home • Blog • Full Expensing to Be Made Permanent in the United Kingdom In his Autumn Statement released today, British Chancellor Jeremy Hunt announced that full expensingFull expensing allows businesses to immediately deduct the full cost of certain investments in new

State and Local Tax Collections Per Capita by State (FY 2021) Skip to content Table of Contents Contrary to initial expectations, the pandemic years were good for state and local 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

EU Tax Observatory’s Extreme View on the Global Minimum Tax | Tax Foundation Skip to content Home • Blog • Assessing the EU Tax Observatory’s View on Profit Shifting and the Global Minimum Tax Last month, the EU Tax Observatory released a report documenting “Global TaxA tax is a mandatory payment or charge collected by

Is EU VAT Compliance Actually Improving? Skip to content Home • Blog • Is EU VAT Compliance Actually Improving? According to the latest “VAT Gap” report published by the European Commission (EC), value-added tax (VAT)A Value-Added Tax (VAT) is a consumption tax assessed on the value added in each production stage of a good or

Federal Tax Complexity & Costs Demand Reform | Tax Foundation Skip to content Home • Research • Research • Testimony: The Costs and Complexity of the Federal Tax Code Demand Reform Table of Contents Latest Updates Below is the testimony of Dr. William McBride from April 18, 2023. To see the most recent version of