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The State Tax Costs of Doing Business

TweetShareSharePin0 Shares Note: A landmark comparison of corporate tax costs in all 50 states, Location Matters calculates and analyzes the tax burdens of eight model firms: a corporate headquarters, a research and development facility, a technology center, a data center, a shared services center, a distribution center, a capital-intensive manufacturer, and a labor-intensive manufacturer. Each

Kansas Tax Reform Passes: Outlier No More

TweetShareSharePin0 Shares Legislators in Kansas have had enough of their state being a tax policy outlier. After three years of deliberations, more than two-thirds of members in both the Senate and the House enacted tax reform and relief legislation Monday over the veto of Gov. Laura Kelly (D). Senate Bill 50 puts the state on

25 Percent Corporate Income Tax Rate?

TweetShareSharePin0 Shares Some lawmakers have expressed concerns about President Biden’s proposal to raise the federal corporate income tax rate from 21 percent to 28 percent, and instead suggest raising the rate to 25 percent. Including state corporate taxes, a 25 percent federal corporate income tax rate would result in a combined average top corporate tax

The Fatty Rule for Post TFA Innocent Spouse Cases? An Early Look at the Otherwise Unavailable Evidence Exception

TweetShareSharePin0 Shares The Taxpayer First Act changed the scope of review in innocent spouse cases. Rather than allow parties to introduce evidence at trial, as we have discussed (see for example Christine’s post Taxpayer First Act Update: Innocent Spouse Tangles Begin) the TFA restricts the parties to the administrative record. TFA contains two exceptions: when there

Corporate Income (Top Combined Integrated Tax Rate)

TweetShareSharePin0 Shares Under President Biden’s tax plan, the United States would tax corporate income at the highest top rate in the industrialized world, averaging 65.1 percent. First, the federal corporate tax rate would rise to 28 percent, which together with an average of state corporate tax rates would result in a 32.4 percent combined top

SALT Cap Repeal | State and Local Tax Deduction

TweetShareSharePin0 Shares As President Biden’s tax plans are considered in Congress, the future of the $10,000 cap for state and local tax deductions (SALT) is becoming an important part of the tax debate. Certain members of the House and Senate want the SALT deduction cap removed, which would benefit primarily higher earners—and result in a

How Stable is Cigarette Tax Revenue? | Cigarette Taxes

TweetShareSharePin0 Shares May 3, 2021 Ulrik Boesen Tom VanAntwerp Ulrik Boesen, Tom VanAntwerp   Cigarette excise taxes have been a source of state revenue for decades, and states have long relied on this revenue. Using data from Orzechowski and Walker’s annual compendium The Tax Burden on Tobacco, this web tool shows how cigarette tax revenues have changed between 1955

The Tax Justice Network’s French podcast: 63% des dépenses budgétaires contre la Covid-19 ont bénéficié à de riches entreprises #27

TweetShareSharePin0 Shares Pour cette 27ème édition du podcast francophone édition de votre podcast en français Impôts et Justice Sociale avec Idriss Linge: que vous propose Tax Justice Network, nous revenons sur rapport publié par le Financial Transparency Coalition, avec le concours de plusieurs ONG internationales, dont Tax Justice Network Africa. Le document renseigne de ce qu’une part

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