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Arizona Flat Tax? Potential for a Flat Income Tax in AZ

TweetShareSharePin0 Shares The saga of Proposition 208, Arizona’s income surtax, appears to have finally reached its conclusion but some structural uncertainly remains. The initiated state statute, which assessed a 3.5 percent surtax on income over $250,000 ($500,000 for joint filers), was approved by voters on Election Day 2020. But by the end of November, a

2022 Kentucky Budget Tax Proposal

TweetShareSharePin0 Shares Like many states, Kentucky is experiencing another year of robust budget surpluses while projecting several years of continued revenue growth, and policymakers are looking for ways to return some of the extra tax collections to taxpayers as they budget for the upcoming fiscal biennium. With regular legislative proceedings winding down, the House and

Butler Britain: the Tax Justice Network podcast

TweetShareSharePin0 Shares Welcome to the latest episode of the Tax Justice Network’s monthly podcast, the Taxcast. You can subscribe either by emailing naomi [at] taxjustice.net or find us on your podcast app. With Russia’s brutal invasion of Ukraine, even the most hardcore ‘let the planet burn’ believers can no longer deny that fossil fuel dependency is a national

R&D Tax Incentives: European OECD Countries

TweetShareSharePin0 Shares Many countries incentivize business investment in research and development (R&D), intending to foster innovation. A common approach is to provide direct government funding for R&D activity. However, a significant number of jurisdictions also offers R&D tax incentives. These generally take two forms, namely patent boxes—taxing income derived from intellectual property at a rate

Windfall Profits Tax Wrong for American Energy

TweetShareSharePin0 Shares No policy idea is ever truly gone.  As oil prices have skyrocketed, Sen. Sheldon Whitehouse (D-RI) and Rep. Ro Khanna (D-CA) have introduced a bill targeted at oil company profits. While billed as a Windfall Profits Tax, the proposal is really an excise tax. The United States has implemented such a tax before,
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