Treasury Department Archive

Formulary Apportionment and the OECD Tax Deal

TweetShareSharePin0 Shares One of the greatest challenges of lawmaking is recognizing when a beautiful theory must succumb to an ugly fact. The purity of conceptual policymaking must take the real world into account and acknowledge that things that work well “in theory” sometimes fail spectacularly to meet expectations “in practice.” It would be wonderful if

Scott’s “Skin In The Game” Plan Could Raise Taxes By $100 Billion in 2022, Mostly On Low- And Moderate-Income Households

TweetShareSharePin0 Shares Sen. Rick Scott (R-FL), who chairs the National Republican Senatorial Committee, has proposed an 11-point plan to “Rescue America” including this: “All Americans should pay some income tax to have skin in the game, even if a small amount. Currently over half of Americans pay no income tax.” The Tax Policy Center estimates

UN calls on Netherlands to account for tax policy impact on child rights

TweetShareSharePin0 Shares Progress can seem slow where the battle for rights and accountability is concerned. But, for some years now, tax justice advocates have been pushing to advance formal legal recognition that abusive tax practices harm citizens and entrench inequalities by holding governments to account before international human rights bodies. This week marks one of

The Misbegotten Bidding War Over Public Subsidies for Washington’s Football Team

TweetShareSharePin0 Shares   Dan Snyder, owner of the newly-renamed Washington Commanders football team, reportedly wants to build a $1 billion stadium that would anchor $2 billion in commercial development including hotels, offices, and retail. And politicians are falling all over themselves to provide public dollars to help him. Like the team’s long-suffering fans, those local

Suspending the Gas Tax Is a Mistake

TweetShareSharePin0 Shares Rising inflation has become a dominant issue for policymakers in the past year, with the most recent report finding inflation has risen 7.5 percent over the past 12 months. Some lawmakers have proposed suspending the gas tax to reduce inflation. Rising gas prices are certainly one piece of the inflation puzzle—but suspending the

The Tax Gap’s Many Shades Of Gray

TweetShareSharePin0 Shares The “tax gap”—the difference between taxes owed to the government and taxes actually collected—often is equated with evasion. But the tax gap is more than the willful disregard of the law. Rather, it appears in many shades of gray. In a new report, we, together with University of Chicago law professor Daniel Hemel,

The Swiss banking clean-up is a mirage

TweetShareSharePin0 Shares For some years now we’ve heard the same message, widely reported in Swiss media, and often abroad: that Switzerland used to be a nasty tax haven, but now it’s cleaned up. Our Financial Secrecy Index, where Switzerland ranks as the world’s third biggest supplier of financial secrecy, shows how even the laws and

2022 Corporate Tax Rates in Europe

TweetShareSharePin0 Shares European countries—like almost all countries around the world—require businesses to pay corporate income taxes on their profits. The amount of taxes a business ultimately pays on its profits depends on both the corporate tax base and the corporate tax rate. Today’s map shows how statutory corporate income tax rates compare across European OECD

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