tax Archive
Biden Capital Gains Tax Rate Would Be Highest in OECD
July 6, 2021
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TweetShareSharePin0 Shares President Biden’s proposal to tax capital gains at higher, ordinary income tax rates would lead the U.S. to have the highest top marginal tax rate on capital gains in the Organisation for Economic Co-operation and Development (OECD). The proposal would tax long-term capital gains as ordinary income for taxpayers with taxable income above

Searching for Supply-Side Effects of The Tax Cuts and Jobs Act
July 6, 2021
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TweetShareSharePin0 Shares The 2017 Tax Cut and Jobs Act (TCJA) was built on the idea that lower business and corporate tax rates, new domestic investment incentives, and guardrails against international profit shifting would increase investment, make workers more productive, and ultimately raise output and wages. Did it work? In a new paper with my Tax

North Carolina Tax Reform | North Carolina Tax Competitiveness
July 6, 2021
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TweetShareSharePin0 Shares Tax reform has paid off for the Tar Heel State. North Carolina features one of the nation’s most competitive tax environments for businesses across the industry spectrum, and the state currently boasts the nation’s third-best effective tax rates for newly established firms and fifth-best rates for mature firms, according to a new analysis

Tax abuse and human rights
July 6, 2021
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TweetShareSharePin0 Shares “Tax justice is a feminist issue. Tax is a human rights issue.” Today the Tax Justice Network publishes a new report Tax Justice and human rights: The 4 Rs and the realisation of rights. The report focuses on two main bodies of argument. The first addresses the failure of tax and broader fiscal

Global minimum corporate tax: questions grow over OECD commitment to ‘inclusive’ reforms
July 5, 2021
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TweetShareSharePin0 Shares Whilst discussion and agreement on a global corporate minimum tax is historic, we consider it our job to challenge organisations like the OECD and to always push for better. We are sharing below our short statement on the OECD Inclusive Framework, supposed to be a space for all nations to contribute to developing

The Tax Justice Network’s French podcast: Le digital peut être au service de la Justice fiscale, mais des défis demeurent, Edition 29
July 5, 2021
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TweetShareSharePin0 Shares Pour cette 29ème édition du podcast francophone édition de votre podcast en français Impôts et Justice Sociale avec Idriss Linge, nous revenons sur la fiscalité minimum des multinationales en rapport aux services du digital. 130 pays dans le monde ont finalement trouvé un accord pour un seuil minimum d’imposition de grandes entreprises, mais de nombreux
The Importance of Notice and Hearing Rights for the Advanced Child Tax Credit
July 2, 2021
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Today we welcome first-time guest blogger Jennifer Burdick. Jen is an attorney with Community Legal Services of Philadelphia focusing on SSI benefits. In this post, she explains the notice and appeal rights that typically

What does Brexit mean for tax havens and the City of London?
July 2, 2021
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TweetShareSharePin0 Shares By Nicholas Shaxson It is Mansion House time again. Every year Britain’s Chancellor (finance minister) makes a speech at Mansion House, a spiritual home of Britain’s financial sector and the official residence of the Lord Mayor of London, where he (the Chancellor is always a ‘he’) declares his love and support for the
Big Deficit, Big Backing | Tax Policy Center
July 2, 2021
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TweetShareSharePin0 Shares CBO: Federal deficit will reach $3 trillion in 2021. Largely because of its response to the coronavirus pandemic, the federal government will spend $6.8 trillion in 2021 and collect $3.8 trillion in revenue. The $3 trillion deficit will be slightly less than last year since US is likely to collect more revenue as
Schemes peddled by tax promoters
July 1, 2021
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News Procedure & Administration By Dave Strausfeld, J.D. In the fourth and final installment of this year’s IRS “Dirty Dozen” list, which highlights common tax-related scams, the IRS cautioned taxpayers to be on the lookout for schemes peddled by unscrupulous tax promoters, including syndicated conservation easements, abusive microcaptive insurance arrangements, and other