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US Corp. Minimum Tax Disconnected From Global Levy
July 29, 2022
Oil Windfall Tax Proposals Pick Up Steam
June 16, 2022
EV tax credits ‘on the table’ as Democrats try reviving parts of Build Back Better
June 9, 2022
Wall Street Journal
Democrats Propose Tax on Large Oil Companies’ Profits
Katy Stech Ferek
March 11, 2022
Sen. Ron Johnson has been “rewarding companies that outsource to China.”
February 28, 2022
St. Louis Post-Dispatch
New minimum tax could politicize corporate accounting
December 9, 2021
Global tax deal risks having US half in, half out
October 22, 2021
Voz de America
Acuerdo global para acabar con los paraísos fiscales
Laura Sepúlveda Arcila
October 11, 2021
Global minimum tax effort moves forward as Ireland and Hungary join pact
David J. Lynch
October 8, 2021
Texas Public Radio
Is Carbon Pricing, Taxation Necessary To Boost Global Climate Accountability?
August 16, 2021
Democrats seek to tackle climate change with import tax
Naomi Jagoda, Zack Budryk
July 19, 2021
Tax Policy Center Hosts Virtual Conference Today: International Corporate Tax Reform — BEPS And Biden
July 13, 2021
White House Celebrates Major Agreement on Global Business Taxes
July 6, 2021
The G7 Has a Global Tax Plan. Can It Implement It?
June 22, 2021
Biden sells G-7 on minimum global tax
June 12, 2021
Corporate tax doesn’t have to be a “race to the bottom”
Kai Ryssdal, Molly Wood
June 1, 2021
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How Can the US Meet its Paris Climate Goals?
November 17, 2022
The ongoing COP-27 climate conference will take stock of global greenhouse gas (GHG) emissions and encourage member countries to accelerate their efforts to reach climate...
Comparing The Fiscal Costs Of Tax Breaks For Children Versus Businesses
October 17, 2022
As the year winds down, Congress will need to decide what to do on several tax fronts, including whether to extend more favorable treatment of...
The Cost of Fighting Climate Change: More Drilling
August 4, 2022
Last week’s surprise budget deal, which includes about $370 billion in measures to combat global climate change, was sealed with improved terms for US oil...
One Strong Global Minimum Tax Beats Two Weak Ones
July 8, 2022
According to recent news reports, Congressional Democrats are considering watered-down versions of two measures from last year’s Build Back Better Act . The alternative minimum...
How Should the US Tax Petroleum Profits?
June 27, 2022
Ballooning oil company profits have produced a volley of “windfall profit tax” proposals. How well would their different provisions meet the near-term US policy goals...
TCJA Led Foreign-Owned Corporations to Retain More Earnings in the US
May 16, 2022
Corporate tax reforms introduced by the 2017 Tax Cuts and Jobs Act (TCJA) encouraged foreign-owned US companies to reinvest more of their earnings here, according...
Inflation and Oil Price Spikes Revive Case for LIFO Repeal
May 12, 2022
The recent runup in oil prices and general inflation have boosted tax benefits from the “last-in, first-out” (LIFO) inventory accounting tax break. LIFO tax expenditures,...
Biden’s “Undertaxed Profit Rule” Would Complete US Adoption of BEPS Pillar 2
April 27, 2022
President Biden’s 2023 budget would replace the current 10 percent base erosion anti-avoidance tax (BEAT) on US subsidiaries of foreign corporations with a 15 percent...
Petroleum Profit Tax Would Be Efficient and Progressive
March 21, 2022
The recent oil price spike has triggered many calls for a temporary windfall profit tax (WPT) on the oil industry, which the US last imposed...
Higher Oil Prices Can Help Fuel Green Transition
March 1, 2022
Democratic leaders have pledged to combat higher petroleum prices due to Russia’s invasion of the Ukraine. Shying away from a Russian oil boycott , they...
Fix the Existing Corporate Tax Before Forging a New One
January 25, 2022
The Build Back Better (BBB) bill’s winter holiday gives Congress more time to evaluate the plan’s components, including a 15 percent minimum tax on the...
1% Buyback Tax Could Lead to Higher Dividend Payouts
December 20, 2021
The Build Back Better proposal for a 1 percent excise tax on corporate share buybacks would reduce their tax advantage relative to dividend distributions. Equivalent...
Book Minimum Tax May Discourage Investment More Than a Rate Hike
November 18, 2021
The House budget reconciliation deal rejected a corporate income tax rate increase in favor of a 15 percent minimum tax on book income . Though...
Ways and Means GILTI Reform Proposal Closely Tracks OECD/G-20 Pillar 2
October 27, 2021
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...
Looming R&D Capitalization Would Hit Manufacturing And Tech Sectors Hardest
October 25, 2021
US taxation of intellectual property (IP) is facing big changes. Starting next year, research and development (R&D) expenditures, now fully expensed (written off in the...
Campaigns, Proposals, and Reforms
Clean Energy Tax Credits Can’t Do the Work of a Carbon Tax
October 5, 2021
As another season of record-breaking heat, wildfires, and hurricanes unfolds, Congress is debating how to address climate change and fund green infrastructure in its $3.5...
Border Carbon Adjustment without Carbon Pricing Makes Little Sense
August 9, 2021
A group of Senate Democrats has introduced a bill to impose tariffs on imports of carbon-intensive goods and fossil fuels equal to the domestic environmental...
Build Back a Better Revenue Base with Environmental Taxes
April 7, 2021
Once the US economy recovers from the COVID-19 crisis, the federal government will need significant additional revenues to reduce its ballooning deficit. Congress and President...
OECD Pillar 2 Provides A Good Model for Biden US Worldwide Tax
March 19, 2021
The Biden Administration is taking steps to develop a new, global minimum tax on multinational corporations. The initiative, led by Treasury Secretary Janet Yellen, follows...
Biden’s Corporate Rate Increase Would Raise Revenue Efficiently and Progressively
December 15, 2020
President-elect Joe Biden has proposed major changes to the corporate income tax regime.
Federal Budget and Economy
Remembering Ed Kleinbard
July 2, 2020
The tax community this week is mourning the loss of University of Southern California law professor Edward D. Kleinbard. Ed previously served as Chief of...
Who Benefits From The CARES Act Tax Cuts?
April 17, 2020
Over the next decade, the individual “ recovery rebate ” program will account for about half of the Coronavirus Aid, Relief and Economic Security (CARES)...
Most 2020 Candidates Say They’d Fight Climate Change, But Leaders Don’t Back A Carbon Tax
November 26, 2019
Most presidential candidates acknowledge the urgency of climate change. Few would use tax policy to its full potential.
© Urban Institute, Brookings Institution, and individual authors, 2022.