Treasury Department Archive
Another Ruling, Another Rejection, And More Projections
June 18, 2021
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TweetShareSharePin0 Shares The Affordable Care Act survives another US Supreme Court challenge. The High Court ruled yesterday that Congress did not invalidate the 2010 health insurance law when it repealed the penalty/ tax on those without insurance. The Court said Republican-led states that sued did not have legal standing to bring the challenge. Today’s
State Sports Betting Tax Legislation & Trends
June 17, 2021
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TweetShareSharePin0 Shares With many state legislative sessions wrapping up for this year, and a new fiscal year about to begin, it’s a good time to examine some of the 2021 legislative trends—and sports betting taxes are among the more prominent. This year, 11 states have made changes to sports betting regulation and taxes, and Ohio
Treasury State Tax Cuts Limitation Rule
June 17, 2021
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TweetShareSharePin0 Shares Last month, the U.S. Department of the Treasury promulgated an interim final rule regarding its implementation of the American Rescue Plan Act (ARPA) provision restricting states’ ability to cut taxes. We previously outlined four questions Treasury needed to answer in its guidance and subsequently analyzed the text of the rule when it was
Infrastructure, Inflation, Leaks, and Challenges
June 17, 2021
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TweetShareSharePin0 Shares Bipartisan infrastructure bill gets more backing. Source link TweetShareSharePin0 Shares
Value-Added Tax (VAT) Bases in Europe
June 17, 2021
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TweetShareSharePin0 Shares Today’s post will take a closer look at European OECD countries’ Value-Added Tax (VAT) bases. One way to measure a country’s Value-Added Tax base is the VAT revenue ratio. This ratio looks at the difference between the VAT revenue actually collected and collectable VAT revenue under a VAT that was applied at the standard
A Global Minimum Tax and Cross-Border Investment: Risks & Solutions
June 17, 2021
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TweetShareSharePin0 Shares Launch U.S. International Tax Reform Resource Center Key Findings The political effort to address profit shifting and limit the benefits of using low-tax jurisdictions to facilitate cross-border investment has focused on adopting a global minimum tax applicable to large multinational corporations. While a global minimum tax could act as a backstop to
The Fate Of Biden’s Corporate Tax Hikes May Rest On Who Voters Think Pay Them
June 17, 2021
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TweetShareSharePin0 Shares As the partisan battle heats up over President Biden’s ambitious infrastructure plan—and the tax increases to pay for it—the fate of the package will largely be decided by who can best frame its tax hikes. Biden wants to raise taxes on corporations by about $2 trillion, excluding his “green energy” tax credits. The president
Major Changes for U.S. Companies Earning Profits from Ireland
June 16, 2021
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TweetShareSharePin0 Shares One of the challenges policymakers face is designing solutions that are targeted at actual problems. If data concerning a problem is either low-quality or out-of-date, then developing solutions becomes rather difficult. This challenge is particularly relevant to international tax policy. A problem that was identified in many studies at the beginning of the
Liqour Taxes | How High Are Distilled Spirits Taxes in Your State?
June 16, 2021
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TweetShareSharePin0 Shares Of all alcoholic beverages subject to taxation, stiff drinks—and all distilled spirits—face the stiffest tax rates. Ostensibly, this is because distilled spirits (liquor) have higher alcohol content than the other categories, like wine and beer. This round of information is on us, so help yourself to the following map to see whether you’re shaken or stirred
Progressives Vie For Attention | Tax Policy Center
June 16, 2021
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TweetShareSharePin0 Shares If progressives drive bipartisan infrastructure talks off course, where will they go instead? Politico reports on congressional progressive lawmakers who oppose the current bipartisan infrastructure negotiations. Sens. Jeff Merkley and Ed Markey, joined Sen. Bernie Sanders in opposing the nascent plan and insisting any compromise address climate change. Rep. Pramila Jayapal, leader of
