During the pandemic, implementation issues in some states resulted in underwithholding income tax due on enhanced unemployment benefits, and surprise tax bills, for many jobless workers. For instance, in California, when workers opted to withhold 10 percent of their unemployment compensation for taxes, that only applied to state benefits and not enhanced federal benefits. The…

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Table of Contents Key Findings Introduction The Impact of a Pending Corporate Tax Rate Increase on Investment Decisions Impacts of the 2021 UK Budget Alternate Corporate Reform Corporate Taxes, Capital Allowances, and Investment Conclusion Key Findings The 2021 UK budget introduces a two-year super-deduction of 130 percent for plant and equipment and a delayed corporate…

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The European Union (EU) recently launched a consultation to reform the EU business tax system, which the European Commission considers is ill-equipped to face the challenges posed by globalization, climate change, digitalization, and population aging. This consultation could lead to proposals for taxes that raise general funds for the EU rather than individual member states.…

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