Taxes

Sales Tax Holidays by State, 2024 | Sales Tax Free Weekends Skip to content Sales taxA sales tax is levied on retail sales of goods and services and, ideally, should apply to all final consumption with few exemptions. Many governments exempt goods like groceries; base broadening, such as including groceries, could keep rates lower. A

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

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

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

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

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

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

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

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