Taxes

Presented by: Will McBride Alex Muresianu Debate swirls around the transition to a greener economy. On October 1st, the European Union (EU) began implementing its carbon tariff, called the Carbon Border Adjustment Mechanism (CBAM). Starting in 2025, the policy will place a tax on certain carbon-intensive imports. CBAM is intended to put EU industry that

CCCTB vs. BEFIT: EU Corporate Tax Base: Details & Analysis Skip to content Home • Blog • CCCTB vs. BEFIT: How Have the Proposals Changed? The European Union (EU) has tried to create a common corporate tax baseThe tax base is the total amount of income, property, assets, consumption, transactions, or other economic activity subject

Indiana Tax Reform Options: Details & Analysis Skip to content Table of Contents Note: The following was written testimony presented before the Indiana State and Local Tax Review Task Force. Download the full testimony and presentation slides above. Chairman Holdman and Members of the State and Local TaxA tax is a mandatory payment or charge

Pennsylvania Cigarette Markups Could Cost $47 Million per Year Skip to content Home • Blog • Pennsylvania Cigarette Minimum Markups Will Cost the State $47 Million per Year Minimum price markups may not be a taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to

Pillar One US Treasury Consultation: Details & Analysis Skip to content Home • Blog • Five Takeaways from the New Pillar One Documents Last week, the Organisation for Economic Co-operation and Development (OECD) released a trove of new documents on a draft multilateral taxA tax is a mandatory payment or charge collected by local, state,

Kansas Property Tax Assessment Limit: Details & Analysis Skip to content Table of Contents Note: An oral version of the following prepared remarks was presented, by invitation, to the Kansas Special Committee on Taxation during an informational hearing on October 9, 2023. Chair Smith, Vice Chair Tyson, and Members of the Committee, Thank you for

2023 International Tax Competitiveness Index | Tax Foundation Skip to content Table of Contents Note: Each year we review and improve the methodology of the Index. For that reason, prior editions are not comparable to the results in this 2023 edition. All data and methodological notes are accessible in our GitHub repository. Below is an

Base Erosion & Profit Shifting: Anti-Avoidance Policies with Pillar 2 Skip to content Table of Contents Key Findings The global minimum 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 activities. agreement known as Pillar

Real Property Taxes in Europe | Tax Foundation Maps Skip to content Table of Contents Early property taxA property tax is primarily levied on immovable property like land and buildings, as well as on tangible personal property that is movable, like vehicles and equipment. Property taxes are the single largest source of state and local

US Consumption Tax vs Income Tax Reform: Details & Analysis Skip to content Table of Contents Key Findings Improvements in the long-run standard of living largely depend on peoples’ willingness to work and their ability to invest in capital. TaxA tax is a mandatory payment or charge collected by local, state, and national governments from

Federal Budget Deficit Grew to $2 Trillion in FY 2023 Skip to content Home • Blog • Federal Deficit Grew to $2 Trillion in FY 2023 Outside of the pandemic years, this year’s federal deficit is the highest in U.S. history. Preliminary figures from the Congressional Budget Office (CBO)The Congressional Budget Office (CBO) provides nonpartisan

Nikki Haley Gas Tax Repeal: Details & Analysis Skip to content Home • Blog • Nikki Haley’s Plan to Eliminate the Federal Gas Tax Would Be a Mistake At the most recent Republican primary debate, former governor and United Nations ambassador Nikki Haley (R-SC) proposed eliminating the federal gas taxA gas tax is commonly used