Tax Policy Center

corporate taxes

Business Taxes: TaxVox

Five Practical Challenges Of A House-Style Border Adjustable Cash Flow Tax

While House and Senate GOP leaders still insist they can enact a major tax reform this year, tax experts predict it could take years for...
February 7, 2017Howard Gleckman
Federal Budget and Economy: TaxVox

The White House Quietly Rolls Out Its Last Tax and Budget Plan

If the White House wanted to attract attention to its final budget , it could not have picked a worse day to make it public. With official Washington obsessed with today’s New Hampshire primary, the 2017 budget barely caused a ripple. In case there was any question about its fate on Capitol Hill,
February 8, 2016Howard Gleckman
Business Taxes: TaxVox

The International Spitting Match Over the Google Tax Intensifies

Call it the perils of one-off corporate tax settlements. While the developed world is trying—with limited success-- to figure out how to tax multinational corporations, individual countries are making their own deals to collect back taxes with those firms. It is not a pretty sight. Last week, the
February 1, 2016Howard Gleckman
Business Taxes: TaxVox

Tyco, Tax Inversions, Income Shifting, and Lost Revenue

Yesterday was quite a day for corporate tax geeks. We saw a corporate tax inversion that comes with a long, Baroque history; an estimate by Reed College economist Kim Clausing that inversions and other income-shifting techniques reduced Treasury revenues by as much as $111 billion in 2012; and a
January 25, 2016Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Bernie Sanders Is Proposing Really Big Tax Increases

It is hard to grasp the enormity of the tax increases Bernie Sanders is proposing , how far out-of-step he is with recent economic history in the U.S., and what a stunning contrast he presents with Republican presidential hopefuls. Where Sanders backs tax increases of more than $1 trillion a year
January 18, 2016Howard Gleckman
Individual Taxes: TaxVox

If Banning Negligent Low-Income Households From Taking Tax Credits Is Such a Great Idea, Why Stop With Them?

Congress has banned more low-income families who file erroneous tax returns from receiving refundable credits. If lawmakers think this is such a terrific idea, why stop at low-income households? For instance, why shouldn’t Congress bar trade associations from claiming tax-exempt status if they file
January 7, 2016Howard Gleckman
Federal Budget and Economy: TaxVox

What Can Congress and President Obama Accomplish in 2016?

Can Congress and President Obama, who have battled over policy for seven years, reach consensus over key tax and other issues in the months leading up to the 2016 election? To ask the question is practically to answer it, but it is worth taking a closer look at the policy dynamics. Start by
January 4, 2016Howard Gleckman
Federal Budget and Economy: TaxVox

Jeb Bush’s Tax Plan: High Marks for Transparency But Key Questions Remain

At first glance, GOP presidential hopeful Jeb Bush’s tax reform plan is a standard lower-the-rates, broaden-the-base overhaul of the revenue code. But a closer look shows a something-for-everyone stew filled with interesting ingredients—most basic GOP fare but seasoned with a few surprising ideas.
September 9, 2015Howard Gleckman
Federal Budget and Economy: TaxVox

Five Tax Stories To Watch in What Will Be a Wild Fall in Congress and on the Campaign Trail

Congress is back. Fiscal deadlines loom. Presidential candidates have tax plans to propose. It isn’t clear how much lawmakers will accomplish in the next four months, but it will be a busy and interesting fall. Here are five stories to watch: International Tax Reform : House Republicans insist they
September 8, 2015Howard Gleckman
Federal Budget and Economy: TaxVox

Hillary Clinton Outlines Her Play-It-Safe Tax Agenda

In what her campaign billed as a major economic policy speech today in New York, Democratic presidential frontrunner Hillary Clinton outlined her agenda for what she described as a Growth and Fairness Economy. And while she included a number of tax proposals, few were new. Indeed, the speech was
July 13, 2015Howard Gleckman