Taxes

Corporate Tax Breaks Have Expanded: Corporate Tax Expenditures Skip to content Home • Blog • JCT Report Shows How Corporate Tax Breaks Have Expanded The Joint Committee on Taxation’s (JCT) December 2023 tax expenditureTax expenditures are a departure from the “normal” tax code that lower the tax burden of individuals or businesses, through an exemption,

Michigan Tobacco Tax Proposals: Details & Analysis Skip to content Home • Blog • Michigan Tobacco Bills Could Reduce Revenue and Increase Smuggling Two pieces of tobacco legislation in Michigan have the potential to decrease state taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

Nebraska Property Tax Relief Proposal from Governor Pillen Skip to content Home • Blog • Evaluating Nebraska Governor’s Plan for Property Tax Relief While we await the details, early reporting indicates that Nebraska Governor Jim Pillen (R) plans to propose legislation that would deliver property taxA property tax is primarily levied on immovable property like

2024 Corporate Income Tax Rates in Europe | Tax Foundation Skip to content Table of Contents European countries—like almost all countries around the world—require businesses to pay corporate income taxes on their profits. The amount of taxes a business ultimately pays on its profits depends on both the corporate tax baseThe tax base is the

DC Tax Revision Commission Recommends Major Tax Changes Skip to content Home • Blog • D.C. Tax Revision Commission Recommends Major Tax Changes On January 5, the D.C. 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,

Corporate Tax Cuts: Effects on Workers/ Wages | Tax Foundation Skip to content Home • Blog • Don’t Ignore the Long Run When Evaluating Corporate Tax Cuts Do corporate 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

Belgium EU Presidency Tax Files: Details & Analysis Skip to content Home • Blog • Tax Files under New Council of EU Presidency: Belgium On 1 January 2024, Belgium took over the six-month rotating presidency of the Council of the European Union from Spain. In a presidency that will be heavily influenced by national and

Americans Moved to Low-Tax States in 2023 Skip to content Table of Contents Americans were on the move in 2023, and many chose low-tax states over high-tax ones. That’s the finding of recent U.S. Census Bureau interstate migration data and commercial datasets released last week by U-Haul and United Van Lines. The U.S. population grew

Tax Cuts and Jobs Act Permanence: Details & Analysis Skip to content Home • Blog • Which Provisions of the Tax Cuts and Jobs Act Should Be Made Permanent? The 118th Congress returns to Washington this week with a major taxA tax is a mandatory payment or charge collected by local, state, and national governments

Spain Tax Reform: Madrid, Catalonia, and Other Considerations Skip to content Home • Blog • Spanish Regions Are Not Surrendering Their Tax Competitiveness without a Fight Spain’s central government could learn some valuable lessons from its regional governments about sound taxA tax is a mandatory payment or charge collected by local, state, and national governments

Methane Fee to Take Effect in 2024: A Mini Carbon Price Skip to content Home • Blog • Methane Fee to Take Effect in 2024: A Mini Carbon Price While a broad-based carbon taxA carbon tax is levied on the carbon content of fossil fuels. The term can also refer to taxing other types of

Connecticut Tax Changes Effective January 1, 2024 Prior to 2018, pass-through entities were not subject to entity-level tax in the state as income was realized by the entity’s owners. However, in 2018, the state opted to institute the pass-through entity tax (PTET), which created a tax at the entity level with two base options. This