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Treasury Department Archive

Cutting Off Trade Agreements With Russia and Belarus

TweetShareSharePin0 Shares Hill moving to suspend trade relations with Russia and Belarus. The bipartisan leaders of the House Ways & Means and Senate Finance committees unveiled legislation to limit US imports of Russian energy, suspend normal trade relations between the US and the two countries, and urge the Biden Administration to move to suspend Russia

2022 Capital Gains Tax Rates in Europe

TweetShareSharePin0 Shares In many countries, investment income, such as dividends and capital gains, is taxed at a different rate than wage income. Today’s map focuses on how capital gains are taxed, showing how capital gains tax rates differ across European OECD countries. When a person realizes a capital gain—that is, sells an asset for a

Deadlines Approach, ISO More Staff

TweetShareSharePin0 Shares Spending bill talks will need to speed up. Funding for the federal government expires on Friday. The White House requested an additional $32.5 billion in emergency funds to respond to Russia’s invasion of Ukraine and the continuing COVID-19 pandemic. However, a group of Senate Republicans warns it may slow down consideration of a

Encouraging Retirement Saving, States Still Shop For Tax Cuts

TweetShareSharePin0 Shares Retirement savings incentives could make their way into an omnibus spending bill. The House Ways & Means Committee’s bipartisan bill is backed by Chairman Richard Neal and top Republican Kevin Brady. It would require most employers to automatically enroll workers in  401(k)-type plans unless employees opt out, boost tax credits for startup firms

Congress Should Do More Than Block Tax-Exempt Bonds For Pro Sports Stadiums

TweetShareSharePin0 Shares Virginia’s efforts to subsidize a stadium and mixed-use commercial development for Dan Snyder and his Washington Commanders NFL football team would be a foolish waste of taxpayer money. But an attempt by three Democratic Members of Congress to block the funding scheme is misguided and short-sighted. The bill, introduced by Representatives Jackie Speier

R&D, A Flat Tax, And A State Appeal For Capital Gains Tax

TweetShareSharePin0 Shares Will the R&D tax break return next week? US companies are urging lawmakers to restore full first-year deductions for research and development expenses as soon as possible. Their preference: The omnibus appropriations package that must be approved by March 11. The 2017 tax law temporarily allowed full expensing but the provision expired this

A Regulatory Tax Hike on US Multinationals

TweetShareSharePin0 Shares Throughout the first year of the Biden administration, one tax policy theme was consistent. The President and Treasury Secretary Janet Yellen were focused on increasing the tax burden on U.S. companies—particularly multinational companies.  As Secretary Yellen put it last year, “It is about making sure that governments have stable tax systems that raise

Missouri Tax Reform: Missouri Tax Competitiveness

TweetShareSharePin0 Shares “Frothy eloquence neither convinces nor satisfies me,” the 19th century Congressman Willard Duncan Vandiver allegedly declared. “I am from Missouri. You have got to show me.” In the realm of tax policy and economic competitiveness, lawmakers from the Show-Me state are turning the old adage around. They are showing the rest of the
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