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Fixing Tax Treatment of Capital Investments

TweetShareSharePin0 Shares The breakdown of supply chains both domestically and worldwide currently dominates headlines. One strong explanation of supply chain failures is the dramatic increase in federal spending throughout the pandemic—raising aggregate demand—combined with the COVID 19-era shift of consumption from services to physical goods. That, coupled with preexisting issues that limit the ability of

What’s Next for Tax Competition?

TweetShareSharePin0 Shares The recent agreement on a global minimum tax and other changes to tax rules around the world have called into question the future of tax competition. It is difficult to anticipate how tax competition will ultimately be impacted by these changes, although I seriously doubt that the usefulness of Tax Foundation’s International Tax

2021 Election Results | 2021 Ballot Measures

TweetShareSharePin0 Shares Election Day will be a modest affair in 2021, perhaps a welcome respite from the inflamed politics of recent years. Despite few statewide races, however, voters in some states will decide important questions by ballot measure. Of particular note, through 10 ballot measures across four states—Colorado, Louisiana, Texas, and Washington—voters will decide significant

Ways and Means GILTI Reform Proposal Closely Tracks OECD/G-20 Pillar 2

TweetShareSharePin0 Shares Recent proposals to reform the tax treatment of US multinationals would increase US revenues substantially, according to an analysis by the Tax Policy Center. The global intangible low-tax income (GILTI) reform proposed by the House Ways and Means Committee and the OECD/G-20 “Pillar 2” global minimum tax are quite similar, but the committee

Reconciliation Bill Tax Innovation Effects

TweetShareSharePin0 Shares When examining how tax policy impacts the economy, researchers typically look at labor supply and investment responses. One other channel through which taxes impact the economy has been less studied: innovation. A new National Bureau of Economic Research (NBER) paper reviews the literature and concludes that taxes have a significant impact on the
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