Tax
Four Decades After Proposition 13’s Tax Revolt, Will California (Split) Roll It Back with Proposition 15?
On the California ballot this year is an initiative that could partially unravel what is possibly one of the most consequential ballot initiatives.
Read MoreA Framework for the Future: Reforming the UK Tax System
Note: Below is a brief excerpt from our new publication with the Centre for Policy Studies, A Framework for the Future: Reforming the UK Tax System, which is a comprehensive study of Britain’s tax system that identifies key areas for improvement in UK tax policy and provides recommendations that would support long-term growth without negatively impacting government revenues. To…
Read MoreThe State Business Tax Climate Index Is Your Guide to Economic “Wins Above Replacement”
Earlier this week we published our annual State Business Tax Climate Index, which measures tax structure. It’s an extremely valuable diagnostic tool, enabling readers to compare states’ tax structures across more than 120 variables. Unlike most studies of state taxes, it is focused on the how more than the how much, in recognition of the…
Read MoreThe UN Approach on Digital Taxation
Policymakers across the world are currently enamored by tax policies that target digital companies, and there are many policy efforts projects that are currently running in parallel. First, the OECD has been working on an approach that we learned last week is expected to wrap up by mid-2021. Second, many countries have been moving unilaterally…
Read MoreBiden’s First-Time Homebuyer Tax Credit Is A Big Improvement Over The Mortgage Interest Deduction
Democratic Presidential candidate Joe Biden has proposed a first-time homebuyer (or “down payment”) tax credit of up to $15,000. While details are sparse, the idea…
Read MoreComparing Europe’s Tax Systems: Corporate Taxes
Last week, we released the International Tax Competitiveness Index 2020, a study that measures and compares the competitiveness and neutrality of all 36 OECD countries’ tax systems. In the coming weeks, we will illustrate how European OECD countries rank in each of the five components of the Index: corporate income taxes, individual taxes, consumption taxes,…
Read MoreBiden-Harris Proposals Can Raise Taxes on the Middle Class
Democratic presidential nominee Joe Biden and running mate Kamala Harris have said that, if elected, their administration would not raise taxes on anyone who makes less than $400,000 annually. We and other analysts from across the political spectrum concluded that the tax increases proposed by the Biden-Harris campaign, which include higher corporate and individual income…
Read More2021 State Business Tax Climate Index
Explore Our Interactive Map Tool Table of Contents Executive Summary Notable Ranking Changes Introduction Methodology Corporate Tax Individual Income Tax Sales Tax Property Tax Unemployment Insurance Taxes References Appendix Executive Summary The Tax Foundation’s State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare.…
Read MoreTracking the 2020 Presidential Tax Plans
Tax policy has become one of the major issues of the 2020 presidential election. We’ve created this tool to keep track of every tax plan proposed by the presidential candidates during their campaigns. We will continue to update the tracker as candidates issue more detailed tax plans over the coming weeks. How do the 2020…
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