Taxes

Patent Box Regimes in Europe, 2024 Skip to content Table of Contents Patent boxA patent box—also referred to as intellectual property (IP) regime—taxes business income earned from IP at a rate below the statutory corporate income tax rate, aiming to encourage local research and development. Many patent boxes around the world have undergone substantial reforms

Placing Biden and Trump Tax Proposals in Historical Context Skip to content Home • Blog • Placing Biden and Trump Tax Proposals in Historical Context From President Biden calling the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general

Inflation Reduction Act Book Minimum Tax: 5G Investment Skip to content Home • Blog • How Does the IRA’s Book Minimum Tax Affect 5G Competition? As lawmakers debate the reauthorization of the Federal Communications Commission’s authority to run spectrum auctions, they should not overlook the taxA tax is a mandatory payment or charge collected by

2017 Tax Law Revenue Analysis: Tax Cuts and Jobs Act (TCJA) Skip to content Home • Blog • How Have Federal Revenues Evolved since the Tax Cuts and Jobs Act? Lawmakers in Congress are evaluating their options to avoid an automatic taxA tax is a mandatory payment or charge collected by local, state, and national

PA Tax Cuts: Pennsylvania Income Tax Reform Proposal Skip to content Home • Blog • Evaluating Proposed Pennsylvania Income Tax Reforms A pair of bills, SB 269 and HB 2388, cutting taxes in Pennsylvania are moving through the state legislature, but they stand in stark contrast to the governor’s proposed spending increases. The PA Senate

Puerto Rico Tax Competitiveness and Pillar Two Skip to content Table of Contents Key Findings Puerto Rico has long relied on low taxes to attract real investment and profit shiftingProfit shifting is when multinational companies reduce their tax burden by moving the location of their profits from high-tax countries to low-tax jurisdictions and tax havens.

ARPA Tax Mandate Ruled Unconstitutional | American Rescue Plan Skip to content Home • Blog • ARPA’s Tax Mandate Ruled Unconstitutional by Appellate Court The Fifth Circuit has affirmed states’ authority over their respective taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover

Biden CHIPS, Inflation Reduction Act: Business Investment Policies Skip to content Home • Blog • White House Right on Importance of Business Investment, Wrong on Relevant Policy The Treasury Department recently touted strong business investment in the years following the pandemic-driven recessionA recession is a significant and sustained decline in the economy. Typically, a recession

Trump Tax Plan 2024: Details & Analysis Skip to content Home • Blog • Trump’s Tax and Tariff Ideas: Details & Analysis Former President Donald Trump has not released a fully detailed taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs

2024 Sales Tax Rates by State (July) | State & Local Sales Taxes Skip to content Table of Contents Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. Local sales taxes are collected in 38 states. In some cases, they can rival or even exceed state rates. The five states with

Retail Delivery Fees Are Not the Panacea for States’ Transport Budget Woes Skip to content Home • Blog • Retail Delivery Fees Are Not the Panacea for States’ Transport Budget Woes Attracted by the proliferation of last-mile local delivery services such as Amazon Delivery, Uber Eats, and DoorDash, legislators in certain states have looked to

Wealth Tax Impact: Details & Analysis | Tax Foundation Skip to content Table of Contents Key Findings Many developed countries have repealed their net wealth taxes in recent years. Among Organisation for Economic Co-operation and Development (OECD) countries, only four currently impose one: Colombia, Norway, Spain, and Switzerland. Countries have repealed their wealth taxes for

R&D Tax Subsidies in Europe | Tax Subsidies for R&D Expenditures Skip to content Table of Contents Many countries incentivize business investment in research and development (R&D), intending to foster innovation. A common approach is to provide direct government funding for R&D activity. However, a significant number of jurisdictions also offer R&D tax incentives. These

Hungary EU Presidency: Tax Files | Tax Foundation Europe Skip to content Home • Blog • Tax Files under New Council of EU Presidency: Hungary On 1 July 2024, Hungary will take over the six-month rotating presidency of the Council of the European Union from Belgium. In the aftermath of the European elections, the relationship

Blog April 16, 2024June 4, 2024 Americans Are Still Paying for the Trump-Biden Tariffs If reelected, President Trump would drastically escalate the trade war he started during his first term. But what often goes unnoticed is President Biden’s role in continuing Trump’s first trade war. In fact, more tax revenue from the trade war tariffs

Presented by: Alex Durante Scott Lincicome Erica York The Tax Foundation is hosting an online discussion about the Section 232 tariffs on steel and aluminum, including how they work and their impacts on American jobs, wages, and prices. Erica York will moderate a panel with experts Scott Lincicome and Alex Durante who will share their

Arkansas Enacts Fourth Tax Cut in Less than Two Years Skip to content Home • Blog • Arkansas Enacts Fourth Tax Cut in Less than Two Years Arkansas Governor Sarah Huckabee Sanders (R) recently called a brief special legislative session to enact the fourth round of reductions to the Natural State’s individual and corporate income

Full TCJA Extension Fiscal Challenge: CBO Projections Skip to content Home • Blog • Latest CBO Projections Highlight Fiscal Challenge of Full TCJA Extension A new report from the Congressional Budget Office (CBO) predicts that, after the upcoming expirations of the TaxA tax is a mandatory payment or charge collected by local, state, and national

The Impact of High Inflation on Tax Revenues across Europe Skip to content Table of Contents Key Findings InflationInflation is when the general price of goods and services increases across the economy, reducing the purchasing power of a currency and the value of certain assets. The same paycheck covers less goods, services, and bills. It

Sources of Personal Income Tax Returns Data | Tax Foundation Skip to content Table of Contents Key Findings Taxpayers reported $14.8 trillion of total income on their 2021 taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services,