business inventory Archive
Comparing Corporate Tax Systems in Europe, 2022
November 1, 2022
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TweetShareSharePin0 Shares On October 17, we released the International Tax Competitiveness Index 2022, a study that measures and compares the competitiveness and neutrality of all 38 Organisation for Economic Co-operation and Development (OECD) countries’ tax systems. In the coming weeks, we will illustrate how European OECD countries rank in each of the five components of
West Virginia Amendment 2: Details & Analysis
October 12, 2022
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TweetShareSharePin0 Shares Babydog would like you to vote against Amendment 2. Or at least that’s what the English Bulldog’s owner, West Virginia Gov. Jim Justice (R), claims, and absent the emergence of a Dr. Doolittle on the Kanawha, who is there to gainsay him? The Republican governor’s opposition to the ballot measure pits him against
LIFO: Tax Treatment of Inventory
October 12, 2022
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TweetShareSharePin0 Shares Key Findings Last-in, First-out (LIFO) and First-in, First-out (FIFO) are two methods of inventory accounting used for both financial accounting and tax purposes. Both LIFO and FIFO rely on the accounting principle of deducting costs from income when goods are sold. This principle often comes into conflict with the economic principle of deducting
Wyden Excess Profits Tax Proposal
August 23, 2022
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TweetShareSharePin0 Shares In response to high oil prices, Sen. Ron Wyden (D-OR) has proposed raising taxes on oil and gas companies in three ways. His “Taxing Big Oil Profiteers Act” would create an additional 21 percent tax on so-called excess profits earned over 10 percent of revenues of oil companies with annual revenues over $1
Oklahoma Tax Reform Options Guide
November 8, 2021
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TweetShareSharePin0 Shares Executive Summary Overview Oklahoma policymakers have been focused on tax reform for many years, always keeping an eye on the state’s neighbor to the south. Legislators succeeded in reducing rates for both individual and corporate income taxes, but Oklahoma is far from alone in this pursuit. In an increasingly mobile economy, states are
