Treasury Department Archive

Omnibus Bill Hits A Snag

TweetShareSharePin0 Shares A spending package without pandemic relief. The House passed a $1.5 trillion omnibus spending package after pulling $15.6 billion in pandemic relief from the bill. The measure includes no tax provisions. The House also passed yet another temporary spending bill to keep the government running for another week. Without some action, the federal government will partially

Nebraska Tax Reform Framework Would Improve Competitiveness

TweetShareSharePin0 Shares The Nebraska Revenue Committee recently heard LB1264, a bill to modernize Nebraska’s tax structure by reducing income tax rates, repealing the inheritance tax, modernizing the sales tax base, and eliminating most incentives. These reforms, promoted by various Nebraska stakeholders through the Blueprint Nebraska initiative, would substantially improve tax structure and competitiveness. Once fully

A draft UN tax convention: building momentum

TweetShareSharePin0 Shares The idea for a UN convention on tax issues is developing what may prove to be an unstoppable momentum. The Africa Group at the United Nations led the calls in 2019. The UN Secretary-General’s ‘Financing for Development in the Era of COVID-19’ initiative in 2020 identified a UN tax convention among the options

Spain Tax Reform Committee 2022

TweetShareSharePin0 Shares Last spring the Spanish government named an external tax reform committee to review environmental taxation, corporate tax, taxation of the digital economy, and harmonization of regional tax policies. The austerity policy plans tax hikes to close the 6.8 percentage point gap between Spain’s tax revenue and the Eurozone average as a percentage of

Georgia Income Tax Reform Would Improve Competitiveness

TweetShareSharePin0 Shares This year’s state legislative sessions have been characterized by a focus on tax policy, with five states already enacting significant individual or corporate income tax reform. Lawmakers in Georgia aren’t interested in being left behind. While HB 1437 was previously a placeholder bill, the sponsors have now shared their plan to consolidate Georgia’s

Policies not pledges will protect women from the two-headed climate and care crisis

TweetShareSharePin0 Shares Now would be a good time to fundamentally shift the narrative in mainstream thinking on advancing women’s and girls’ rights; to drill down to the economic roots of human rights failures. Year-on-year hardwired economic policies harm women and girls in their failure to address inequalities. The scale of the challenges requires, and must
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