Tax
Complexity of Labor Taxes in Europe
Governments require businesses to remit various types of taxes—one being labor taxes. Although labor taxes are generally not borne by businesses, they add to the administrative burden of complying with the tax system. Today’s map shows how complex—or easy—it is to remit labor taxes across Europe. One way of measuring the administrative burden of labor…
Read MoreDigital Taxation Around the World
Note: Below is an excerpt of our full report. To see more, click the download link above. Introduction The digitalization of the economy has been a key focus of tax debates in recent years. Political debates have focused on the differences between taxing physical business operations and virtual operations. These debates have intersected with multiple layers of tax policy…
Read MoreEU: The Next Generation
Today, the European Commission announced new budget plans including loans, grants, and some revenue offsets. The proposals follow other support mechanisms for workers and businesses that were designed in response to the Covid-19 pandemic and economic shutdown. The Commission is adjusting its work program for 2020 to “prioritize the actions needed to propel Europe’s recovery…
Read MoreTo What Extent Does Your State Rely on Property Taxes?
Property taxes represent a major source of revenue for states and the largest source of tax revenue for localities. In fiscal year 2017, the most recent data available, property taxes were such a significant source of local revenue that they accounted for 72.1 percent of local tax collections nationwide and 31.9 percent of total U.S.…
Read MoreNo State is Immune From COVID-19’s Economic And Fiscal Fallout
The 50 states are diverse, but in the COVID-19 pandemic era, they share a key challenge: An economic and fiscal crisis of a size and…
Read MoreExpanding The Child Tax Credit: Full Refundability And Larger Credit
The Health and Economic Recovery Omnibus Emergency Solutions Act (HEROES Act), passed by the House of Representatives, would temporarily expand the child tax credit (CTC)…
Read MoreLessons from Alberto Alesina for U.S. Lawmakers
The economics world suffered a big loss over the weekend with the untimely passing of Alberto F. Alesina, the Nathaniel Ropes professor of political economy at Harvard. Alesina’s specialty was investigating the economic effects of political choices, such as which policies are most effective in addressing large fiscal deficits and national debts. U.S. lawmakers would…
Read MoreNet Operating Loss Carrybacks Are a Vital Source of Tax Relief for Struggling Firms in the Coronavirus Crisis
As policymakers explore options for Phase 4 relief for businesses and individuals, it is important to understand why and how the CARES Act modified tax rules for businesses, including the changes to net operating loss (NOL) deduction rules such as NOL carrybacks. Rather than revisiting these changes and restricting NOL carrybacks, policymakers should explore ways…
Read MoreDigital Services Taxes: Do They Comply with International Tax, Trade, and EU Law?
This analysis was prepared by a select group of JD candidates at the Institute of International Economic Law (IIEL) at Georgetown University in conjunction with TradeLab. All research and analysis was supervised by Georgetown faculty, Tax Foundation experts, and outside tax professionals. The Tax Foundation would like to thank the report authors for an exceptionally…
Read More