Taxes

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

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

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

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,

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

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

Trump Tariffs & Biden Tariffs: Economic Impact of the Trade War Skip to content Home • Research • Research • Tariff Tracker: Tracking the Economic Impact of the Trump-Biden Tariffs June 26, 2024June 26, 202419 min readBy: Erica York Table of Contents Key Finding The Trump administration imposed nearly $80 billion worth of new taxes

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

UK Full Expensing: Understanding UK Capital Allowances Policy Skip to content Home • Blog • Understanding Full Expensing in the United Kingdom The United Kingdom is nearing snap elections on July 4, 2024, and taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover

Reining in America’s $3.3 Trillion Tax-Exempt Economy Skip to content Table of Contents Key Findings For over a century, lawmakers have exempted politically favored organizations and industries from 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 government

Carbon Taxes in Europe, 2024 | Tax Foundation Europe Skip to content Table of Contents In recent years, several countries have taken measures to reduce carbon emissions, including instituting environmental regulations, emissions trading systems (ETSs), and carbon taxes. In 1990, Finland was the world’s first country to introduce a carbon taxA carbon tax is levied

US Tax Treaty Network: Prioritizing Brazil and Singapore Skip to content Home • Blog • Enhancing the US Tax Treaty Network: Prioritizing Brazil and Singapore Because 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, goods, and

EU VAT in the Digital Age (ViDA) Proposal | Tax Foundation Europe Skip to content Home • Blog • The European Union’s ViDA Proposal: Ignoring Principles Does Not Make Tax Policy Fairer On 21 June, the European Union’s finance ministers plan to discuss the EU’s VAT in the digital age (ViDA) proposal once again after

Moore v. United States Supreme Court Tax Case Skip to content Home • Blog • Supreme Court Rules against Moores 7-2, Leaves Most Questions Undecided The US Supreme Court released a ruling on the taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover