The child tax credit (CTC) is an important subsidy for low- and moderate income families with children. But lawmakers and policy analysts are looking at ways to reform the credit. To help understand how each of these ideas would work, the Tax Policy Center looked at six different ways to retool the

One way to stop corporate inversions and tax dodgers… TPC’s Steve Rosenthal explains in his essay for Fortune. A corporate exit tax, he concludes “would discourage both voluntary departures and hostile foreign takeovers. Even a credible threat of an exit charge would deter US companies from

Treasury will soon move to increase transparency of shell companies. The department is finalizing a proposal to bar people or firms from using shell companies to engage in financial crimes, like money laundering or tax evasion. Top Senate Finance Committee Democrat Ron Wyden had asked Treasury to

Ten more days till Tax Day, and some families face filing obstacles. NPR tells the story of an engaged couple with a baby on the way and children from previous marriages. For them, filing taxes is no simple task. TPC’s Elaine Maag explained that their paperwork “can be complicated because their

Treasury’s new rules may sink the Pfizer-Allergan merger. The $160 billion deal, under which Pfizer would change its mailing address to Dublin, Ireland, may be off. Treasury’s new curbs on earnings stripping, announced Monday, make the inversion far less attractive to Pfizer. Its tax extender time

President Barack Obama and Speaker Paul Ryan have proposed similar expansions of the earned income tax credit (EITC) for low-income workers without children. Their goal is laudable: to provide some modest additional income support for low-income workers currently excluded from the EITC. But as

Tax-exempt college endowments: How big is too big? Private colleges structured as nonprofits with tax- exempt endowments face scrutiny by Republican tax-writers in Congress. Senate Finance Committee Chairman Orrin Hatch, House Ways & Means Chairman Kevin Brady, and the panel’s Oversight

While most presidential candidates are proposing big, bold changes to the federal tax code, they seem to be paying little attention to what those revisions would mean for state and local governments. And those implications could be substantial. That, at least, was the consensus at today’s panel