Tax

New Jersey is temporarily waiving corporate nexus arising from employees teleworking due to the COVID-19 pandemic—a response to the crisis that other states should follow. As we have noted previously, when employees work in a state in which their employer does not otherwise operate, that can give their employer sufficient contacts (“nexus”) with the state…

The United States is facing an immense human tragedy. According to one influential analysis , up to 2 million Americans could die from COVID-19 in…

The $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law last week will allocate roughly $200 billion in fiscal relief to…

On March 26, weekly initial unemployment benefit claims hit the highest level in U.S. history, with five times as many filed as during the worst week of the Great Recession. Mandatory business closures and shelter-in-place orders have radically accelerated job losses compared to the steadier pace of layoffs in prior recessions, meaning these claims likely…

The federal government’s new coronavirus payments to adults and children will provide much-needed cash to 90 percent of US households. Unfortunately, tens of millions of…

On March 19 we launched a tracker providing a repository of information related to state fiscal policy responses to COVID-19. We are updating the tracker frequently and will be using the Tax Foundation blog to summarize new developments and provide analysis of relevant trends as they emerge. This post is part of that series. Past Updates:…

Opening Day for baseball was scheduled for March 26, an annual sports holiday celebrated across the country as it represents a clean slate for millions of fans. This time, March 26 came and went with no opening day games—the coronavirus pandemic has postponed all major sports leagues in an effort to limit the spread of…

Countries around the world are implementing emergency tax measures to support their economies under the coronavirus (COVID-19) threat. On March 12, the Spanish Prime Minister announced a €200 billion ($231 billon) package, around 20 percent of the Spanish GDP, to help companies and protect workers and vulnerable groups affected by the coronavirus crisis. That’s €117…

Millions of American workers have been laid off due to the economic downturn associated with the spread of the coronavirus. Complying with both the Trump Administration and applicable state government self-quarantine guidance, many have lost their jobs. According to the Department of Labor (DOL), jobless claims reached 3.28 million last week, an increase of 3…