Tax
Congress Could Fix the ACA’s Individual Mandate Without Waiting for the Supreme Court
In the coming months, the US Supreme Court will rule for the third time on the constitutionality of the individual mandate that is a central…
Read MoreTax Foundation Response to OECD Public Consultation Document: Reports on the Pillar One and Pillar Two Blueprints
The Tax Foundation appreciates the opportunity to respond to the public consultation on the reports on the Pillar 1 and Pillar 2 blueprints. The reports show how much technical work has been done since the “Unified Approach” was released, and they reveal how much work would need to be done to adapt tax systems to…
Read MoreCongress Needs to Understand State Tax Revenue Declines When Drafting COVID-19 Legislation
Aid for state and local governments remains a sticking point in Congressional deliberations over additional relief to address the economic fallout from the COVID-19 pandemic…
Read More2020 Spanish Regional Tax Competitiveness Index
Note: Below is an excerpt of the 2020 Spanish Regional Tax Competitiveness Index (RTCI), a recent report published in collaboration with Fundación para el Avance de la Libertad. The RTCI for Spain is designed to analyze how well regions structure their tax systems, allows policymakers, businesses, and taxpayers to evaluate and measure how their regions’ tax systems…
Read MoreRanking Property Taxes on the 2021 State Business Tax Climate Index
Today’s map shows states’ rankings on the property tax component of our 2021 State Business Tax Climate Index. The Index’s property tax component evaluates state and local taxes on real and personal property, net worth, and asset transfers. The property tax component accounts for 14.8 percent of each state’s overall Index score. Property taxes matter to businesses for several reasons. First, businesses…
Read MoreIndividual and Business CARES Act Tax Provisions Due to Expire on December 31
Congress is having an unusually busy week as policymakers seek to simultaneously fund the federal government beyond the expiration of the continuing resolution on Friday and provide a second round of economic relief to individuals and businesses after passing the $2.6 trillion CARES Act last March. Lining up closely with the need to fund the…
Read MoreCorporate Tax Rates around the World, 2020
Note: All data and methodological notes are accessible in our GitHub repository. Key Findings Introduction Notable Corporate Tax Rate Changes in 2020 Scheduled Corporate Tax Rate Changes in the OECD The Highest and Lowest Corporate Tax Rates in the World Regional Variation in Corporate Tax Rates Distribution of Corporate Tax Rates The Decline of Corporate Tax…
Read MoreNew York Lawmaker Floats a Scrooge Tax on Online Shopping
Just in time for the holidays, one lawmaker wants to tax New York City residents $3 for every package they order online, excluding food and medicine. The legislature wouldn’t be able to take up the idea in time to turn it into a Scrooge Tax on gifts mailed to friends and family this holiday season,…
Read MoreTaxes and New York’s Fiscal Crisis: Evaluating Revenue Proposals to Close the State’s Budget Gap
Executive Summary Introduction The Current Crisis in Context — New York’s Competitive Standing — New York’s Recent Reforms — New York’s Budget Gap — Prospects for Federal Relief — The State and Local Tax Deduction (SALT) Cap and New York’s Fiscal Capacity — New York’s Convenience Rule and the Future of Remote Work Evaluating New York’s…
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