Tax
Remembering Ed Kleinbard
The tax community this week is mourning the loss of University of Southern California law professor Edward D. Kleinbard. Ed previously served as Chief of…
Read MoreIlluminating Independence Day Taxes
The holiday weekend is almost upon us and many are getting ready for a weekend of family and celebration. Independence Day means firing up the barbecue, setting off fireworks, enjoying cold drinks, and wearing flag paraphernalia. It also means spending big: last year, Americans spent $6.7 billion for the Fourth of July. This year, due…
Read MoreTax Policy Proposals for the German EU Presidency
Today begins Germany’s presidency of the council of the European Union. The EU presidency rotates among EU member countries every six months; Germany’s presidency will last through the end of 2020. In addition to a new six-month presidency, this is also the beginning of an 18-month cycle with Germany, Poland, and Slovenia working on a…
Read MoreTax Policy Proposals for the German EU Presidency
Today begins Germany’s presidency of the council of the European Union. The EU presidency rotates among EU member countries every six months; Germany’s presidency will last through the end of 2020. In addition to a new six-month presidency, this is also the beginning of an 18-month cycle with Germany, Poland, and Slovenia working on a…
Read MoreDigital Tax Deadlock: Where Do We Go from Here?
The growth of the digital economy over the last several decades has raised important questions about how to tax corporations that no longer need a physical presence in a country to turn a profit there. For months, countries in the Organisation for Economic Co-operation and Development (OECD) have been working towards a multilateral solution to this challenge,…
Read MoreDid 1986 Tax Reform Hurt Affordable Housing?
As Tax Foundation president Scott Hodge wrote in a recent blog post, improving the tax treatment of residential investments is a good way to reduce construction costs and build more affordable housing. Under current law, when a company invests in building a new structure, it must deduct the cost of that investment over multiple decades.…
Read MoreHow High are Beer Taxes in Your State?
Even though this summer may not include sitting in the stands at an all-American baseball game or watching a community fireworks display, some summer staples are still within reach—like that beer in the fridge, for example. You can still crack open a cold one, whether you’re grilling something in your backyard or floating down a…
Read MoreCOVID-19 Pandemic Could Slash 2020-21 State Revenues By $200 Billion
Revised forecast data from 27 states suggest tax revenues are expected to fall $34 billion short of pre-COVID-19 forecasts in fiscal year 2020 and $80…
Read MoreTax Day Is Around the Corner: Who’s (Been) Ready?
How have we spent our first-ever extended tax filing season? Has the July 15 deadline changed Americans’ behavior?
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