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Treasury Department Archive

A Big Bill, A Distributional Analysis

TweetShareSharePin0 Shares Chairman Neal’s tax bill: Big, bold, with hits and misses. TPC’s Howard Gleckman boils the bill down to its essence: It’s big. Really big. He outlines some hits and misses, like increased IRS enforcement funding (a hit) and the 3 percentage point surtax on income over $5 million, in addition to a new

EU To Table A Digital Tax Proposal In October

TweetShareSharePin0 Shares by Ulrika Lomas, Tax-News.com, Brussels 15 September 2021 The European Commission has committed to tabling a proposal for a digital tax in October, whether or not an international agreement surfaces from OECD-led talks on new international tax rules for the world’s largest firms. The pledge was made after members of the European Parliament

The Tax Justice Network September 2021 Spanish language podcast, Justicia ImPositiva: Los litigios entre multinacionales y los estados, tráfico de drogas, litio #63

TweetShareSharePin0 Shares Welcome to our Spanish language podcast and radio programme Justicia ImPositiva with Marcelo Justo and Marta Nuñez, free to download and broadcast on radio networks across Latin America and Spain. ¡Bienvenidos y bienvenidas a nuestro podcast y programa radiofónico! Escuche por su app de podcast favorita. En este programa: ¿Habrá nuevas reglas impositivas para las grandes

Top Combined Capital Gains Tax Rates Would Average 36.8 Percent Under House Dems’ Plan

TweetShareSharePin0 Shares House Democrats’ reconciliation legislation proposes raising the long-term capital gains tax rate to 25 percent and applying a new 3 percentage point surcharge on all income above $5 million of modified adjusted gross income. When including the net investment income tax of 3.8 percent under current law, the top marginal capital gains tax

Families Planned to Use Child Tax Credit to Pay Bills but Some Were Confused About Eligibility

TweetShareSharePin0 Shares Starting in July, many parents began receiving monthly payments of the Child Tax Credit (CTC). A new IPSOS survey as well as Urban Institute interviews suggest these regular payments will help families make ends meet. Families report they’ll use the credit to catch up with past due bills and pay regular expenses such

Budget Bill Markup Continues | Tax Policy Center

TweetShareSharePin0 Shares Moving a tax bill. The House Ways & Means Committee will continue  work on its provisions of the Build Back Better Act. The panel begins Day 3 of its markup  today and will continue tomorrow, including the now released legislative amendment that details the House Democrats’ tax plan.  The big score. The Joint

Neal’s Tax Bill Is Big And Bold, With Hits and Misses

TweetShareSharePin0 Shares The most important thing to know about the tax bill proposed by House Ways & Means Committee Richard Neal (D-MA) is that it’s big. Really big. The congressional Joint Committee on taxation estimates the massive plan would raise taxes on corporations and high-income households by roughly $2.1 trillion over 10 years, use about

A 15% VAT Rate Is Possible by Scrapping Reduced Rates

TweetShareSharePin0 Shares The European Parliamentary Research Service recently released a report evaluating the compliance costs for businesses and consumers of the current value-added tax (VAT) system and analyzing the environmental and social effects of reduced VAT rates. The report concludes that reducing the VAT gap—the difference between the tax collected and the tax that should

House Tobacco Proposals Defy Biden’s Tax Pledge

TweetShareSharePin0 Shares House Democrats’ newly released $3.5 trillion tax legislation includes a tax increase on tobacco, nicotine, and vapor products levied on tobacco manufacturers. But ultimately it would fall heavily on tobacco consumers—many of the group that earns less than $400,000 that President Biden pledged would not see a tax increase. According to the Joint
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