wealth tax Archive

State Wealth Tax Proposals Take Aim at Investment
January 17, 2023
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TweetShareSharePin0 Shares Wealth taxes are back in a big way. In a coordinated effort, lawmakers in seven states that collectively house about 60 percent of the nation’s wealth—California, Connecticut, Hawaii, Illinois, Maryland, New York, and Washington—are introducing wealth tax legislation on Thursday. The campaign is part of a broader national focus on new taxes on

Billionaire market power: How could an individual wealth tax curb corporate consolidation in the US?
November 7, 2022
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TweetShareSharePin0 Shares The following article is from the “Tax and Monopoly” October 2022 issue of the Tax Justice Focus, an online magazine that explores boundary-pushing ideas in tax justice and revolutionary solutions to the most pressing challenges of our time. Each edition features articles from prominent experts and academics from around the world. The “Tax and monopoly” issue

Spain Tax Rankings 2022 International Tax Competitiveness Index
November 4, 2022
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TweetShareSharePin0 Shares Tax Foundation recently released the 2022 International Tax Competitiveness Index (ITCI) measuring the competitiveness and neutrality of countries’ tax systems. Since 2020, Spain has dropped from 26th to 34th (out of 38 countries) in the ITCI due to multiple tax hikes, new taxes, and weak performances in all five index components. In Spain’s

Colombia Tax Reform Options & Considerations
October 26, 2022
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TweetShareSharePin0 Shares The Tax Foundation’s recently released 2022 International Tax Competitiveness Index (ITCI), measures the extent to which a country’s tax system adheres to two important aspects of tax policy: competitiveness and neutrality. Over the years, the Index has helped many European countries like Austria, Greece, and the UK design tax reform proposals. As the

Endowment Tax: Should We Tax University Endowments?
October 19, 2022
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TweetShareSharePin0 Shares Taxing university endowments has gained popularity recently, partly in response to the Biden administration’s forgiveness of student loan debt. Some view it as a means of holding universities accountable for the product they’re selling. Others view it as a tool to tamp down tuition rates or punish ideological opponents. But do these arguments

California Tax Increases: Details & Analysis
October 17, 2022
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TweetShareSharePin0 Shares California is awash in plans to raise taxes. An under-the-radar piece of legislation will functionally increase the top marginal income tax rate by 1.1 percent in 2024 (with administrative authority to bring it to 1.5 percent), while a pending ballot measure would add a new 1.75 percent surcharge on the income of the

2022 Spanish Regional Tax Competitiveness Index
October 11, 2022
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TweetShareSharePin0 Shares Executive Summary The Regional Tax Competitiveness Index (RTCI) for Spain allows policymakers, businesses, and taxpayers to evaluate and measure how their regions’ tax systems compare. This Index has been designed to analyze how well regions structure their tax system. Additionally, it serves as a road map for policymakers to reform their tax systems

Biden Tax Hike Proposals Live on After the Inflation Reduction Act
October 10, 2022
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TweetShareSharePin0 Shares Over the past two years, policymakers and taxpayers have grappled with proposals to increase taxes as ideas introduced in the 2020 presidential campaign were transformed into legislation. This effort culminated in August with the enactment of the Inflation Reduction Act. While many of the tax increases considered over the last two years were

French Election: Macron vs. Le Pen
April 20, 2022
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TweetShareSharePin0 Shares The second round of voting in the French presidential election will be 24 April between incumbent Emmanuel Macron and National Rally candidate Marine Le Pen. Although tax policy has not been a central theme of the campaign due to the war in Ukraine, immigration debates, and cost of living issues, the winner’s policy

Wealth Taxes in Europe, 2022
April 19, 2022
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TweetShareSharePin0 Shares Net wealth taxes are recurrent taxes on an individual’s wealth, net of debt. The concept of a net wealth tax is similar to a real property tax. But instead of only taxing real estate, it covers all wealth an individual owns. As today’s map shows, only three European OECD countries levy a net wealth
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