Tax

There’s a good chance you’re reading this from home. Congratulations, you’re practicing social distancing! But while you’re putting six feet of distance between yourself and other human beings, you and your employer might also be in closer contact with state and local tax regimes than you realize. Corporate Income Tax Nexus and Apportionment Many businesses…

During last month’s Democratic presidential debate, moderator Gayle King asked the candidates what motto guided their lives. If Oprah’s best friend ever asks me, I…

Congress is about to pass a massive economic stimulus package that will, among other things, send cash to most American households. The so-called rebates amount…

Understanding the impact of the COVID-19 pandemic on state revenues is one of the key tasks ahead for state governments. The upending of American life necessitated by efforts to slow the spread of the virus will have profound effects on how Americans and American companies make and spend money—in turn, disrupting revenue collections for state…

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…

As U.S. lawmakers grapple with the final details of a major economic relief bill, it is instructive to see what measures other countries are using to soften the economic shock of the coronavirus outbreak. On March 12, the Australian government announced the first of what are now two tranches of economic support. Together, the two…

The coronavirus outbreak has caused policymakers around the world to think through ways to respond to the health crisis. A major element of that response has been to shutter businesses and cancel public events. This has led to major reductions in economic activity, and policymakers have responded in creative ways to support businesses and workers…

Countries around the world are implementing emergency tax measures to support their debilitated economies under the coronavirus (COVID-19) threat. Providing tax relief to the people and companies that are most affected, until the emergency abates, is welcome. Countries should consider tax relief measures because the health issue is creating a substantial economic shock. Taxes that…

Yesterday, House Democrats released the Take Responsibility for Workers and Families Act, which is proposed legislation for tackling the coronavirus public health emergency and related economic downturn. The bill can be contrasted with the Senate Republican CARES Act, although they share some similarities by providing individual taxpayers with a rebate and modifying business tax provisions…