Tax Policy Center

corporate taxes

Business Taxes: TaxVox

The Perpetual, Immortal, Eternal, Never-Ending Tax Extenders

The magic number for today is 16. That is, remarkably, the number of times Congress has extended the allegedly temporary research and experimentation tax credit since it was first enacted in 1981. The question for philosophy class (this is far beyond economics) is this: Can something that has been
May 28, 2015Howard Gleckman
Federal Budget and Economy: TaxVox

Is a Consumption Tax Talk Making a Comeback?

Maybe it’s just because Congress is on spring break and tax wonks don’t have much to talk about, but suddenly the idea of a consumption tax is getting a new look. The tax plan proposed earlier this month by senators Mike Lee (R-UT) and Marco Rubio (R-FL) is one form of the levy. And tax journalists
March 31, 2015Howard Gleckman
Federal Budget and Economy: TaxVox

The President’s Capital Gains Proposals: An Opening for Business Tax Reform?

In his budget proposal, President Obama would raise capital gains taxes as a way to finance middle class tax relief. Along with many Republicans, he also supports tax rate cuts for business and efforts to prevent multinational corporations from avoiding U. S. taxation. This raises an intriguing
February 6, 2015C. Eugene Steuerle
Business Taxes: TaxVox

Do Obama’s Corporate Tax Proposals Add Up?

The tax proposals in President Obama’s 2016 budget combine two interesting ideas for international reform with his often-stated--but still vague-- goal of a broad-based corporate tax overhaul. First, the framework: Obama has once again proposed cutting the corporate tax rate to 28 percent from the
February 4, 2015Howard Gleckman
Individual Taxes: TaxVox

A Look at the Territorial Tax Systems in Four Countries Finds No Magic Bullets

It is an article of faith among many tax reformers that the U.S. should shift from a worldwide tax system to a territorial regime in which U.S.-based multinational corporations pay U.S. tax only on their domestic income. Such a step would reduce or eliminate tax on the dividends these firms receive
January 22, 2015Howard Gleckman
Federal Budget and Economy: TaxVox

Nine Tax Stories to Watch in 2015

So much has changed. Yet, when it comes to taxes, so much has not. Republicans have taken control of Congress and now hold governorships in 31 states. The U.S. economy is finally on solid ground. And presidential hopefuls are gearing up for the 2016 election. But for all that, the top tax stories
January 6, 2015Howard Gleckman
Federal Budget and Economy: TaxVox

The Tax Vox Lump of Coal Awards: The 10 Worst Tax Ideas of 2014

It’s time for the annual Tax Vox Lump of Coal Awards for the worst tax policy of 2014. The past 12 months were a banner year for bad ideas and their perpetrators. The Top 10 are: Frank Underwood & Elvis. Tax subsidies for economic development hardly ever pay for themselves. But two are worthy
December 23, 2014Howard Gleckman
Business Taxes: TaxVox

Reforming Corporate Taxation

The Cato Institute has organized an online forum to debate pro-growth economic policy reforms. Tax Policy Center scholars Bill Gale, Donald Marron, and Eric Toder have each contributed to the discussion. The U.S. corporate tax system is broken. The current method of taxing the profits of large,
November 24, 2014Eric Toder
Business Taxes: TaxVox

Treasury's New Rules May Slow, But Won’t Stop Corporate Tax Inversions

Will Treasury’s new rules stop the wave of corporate tax inversions? No they won’t. Treasury Secretary Jack Lew acknowledged as much when the agency proposed the curbs yesterday. Will they slow the practice? Perhaps, but even that is not certain. In a perverse way, Treasury’s most effective weapon
September 23, 2014Howard Gleckman
Business Taxes: TaxVox

Does Treasury Have the Legal Authority To Curb Tax Inversions?

While we wait to see how and when the Obama Administration will use its executive authority to curb the use of corporate tax inversions, the debate continues over whether Treasury even has the power to limit the practice. In a new article in Tax Notes , Tax Policy Center senior fellow Steve
September 22, 2014Howard Gleckman