Treasury Department Archive

TweetShareSharePin0 Shares Spring is nearly here, and our college-bound high school senior—like millions of others across the country—is playing two well-known waiting games. Which universities will admit her? And which will award scholarships that reduce her costs of attending? Lesser known to many: Depending on their use, scholarships may have tax consequences. But should they,

TweetShareSharePin0 Shares Will the Senate confirm a new IRS Commissioner this week? Senate Finance Committee Chairman Ron Wyden (R-OR) said a vote could come as early as this week on the confirmation of Danny Werfel to serve as IRS Commissioner. The panel released its questions and Werfel’s full responses; not all were able to be

TweetShareSharePin0 Shares Policy and economic differences among OECD countries have created variances in how they raise tax revenue, with the United States deviating substantially from the OECD average on some sources of revenue. Different taxes have different economic effects, so policymakers should always consider how tax revenue is raised and not just how much is

TweetShareSharePin0 Shares Keen technophiles may recall that the internet is “a series of tubes” (not a “big truck”), and sometimes those tubes get congested. The late Sen. Ted Stevens (R-AK) fretted about streaming services crowding out other data packets. The analysis is highly technical, but do your best to follow: “Ten movies streaming across that

TweetShareSharePin0 Shares One month following California’s implementation of a state-wide flavored cigarette ban, tax-paid cigarette sales dropped 17.3 percent. More than 5.6 million fewer packs were sold in January 2023 than in January 2022. On an annual basis, California will likely see revenues fall by more than $300 million. We previously estimated that a menthol

TweetShareSharePin0 Shares Welcome to the latest episode of the Tax Justice Network’s monthly podcast, the Taxcast. You can subscribe either by emailing naomi [at] taxjustice.net or find us on your podcast app. All our podcasts are unique productions in five languages: English, Spanish, Arabic, French, Portuguese. They’re all available here. In this edition of the Taxcast: After 30 years on the run, Italy’s most

TweetShareSharePin0 Shares Tennessee joined the ranks of no-income-tax states in 2022 with the phaseout of the Hall Tax on interest and dividend income. But with other states upping their game to attract ever-more-mobile people and businesses, lawmakers and the governor are not content to leave Tennessee’s business taxes in their current, uncompetitive form. Gov. Bill