TaxVox

The voices of Tax Policy Center's researchers and staff

Individual Taxes

State Taxes and the April Surprise

July 22, 2014 –
In recent months, several governors have complained about the April, 2014, surprise in state tax revenues. They say they were shocked when personal...

Baskets of Billions, Inversions and Revenues

July 22, 2014 –
Did banks help a hedge fund avoid $6.8 billion in US taxes? Yes, according to the Senate Homeland Security and Government Affairs panel’s Permanent...

Summer Blockbuster? Congress’ Week Is Tax-Action Packed

July 21, 2014 –
Another big inversion deal heads to closing. Pharmaceutical giant AbbVie agreed to purchase UK drugmaker Shire , making it the largest US company so...

A Ditch, an Add, and Maybe an End Run

July 18, 2014 –
Australia repeals its two-year-old carbon tax. It’s been a contentious issue for seven years. Australia is one of the biggest producers of carbon...
Individual Taxes

The Great Tax Inversion Death Spiral

July 17, 2014 –
Congress and corporate America are in a dangerous and mutually destructive race: The more lawmakers threaten to ban the practice of inversions—where...

Tax Action: The Quick, the Clever, and the Familiar

July 17, 2014 –
Treasury calls for quick Congressional action, because Congress is known to be… quick. Secretary Jack Lew asked top congressional tax writers to act...
Individual Taxes

Nothing New Under the Sun: The Sad History of the Tax Extenders.

July 16, 2014 –
Nice piece by Tax Notes reporter Lindsey McPherson describing the recent history of the tax extenders. Four take-aways: There is always last-minute...
Federal Budget and Economy

Six Takeaways from CBO’s New Long-Term Budget Outlook

July 16, 2014 –
The newest Congressional Budget Office long-term budget outlook , released today, is more evidence that the long-term federal budget problem may be...

Field of Tax Dreams: Budgets, Taxes, and Takeovers

July 16, 2014 –
If you cut it, will it do more? The IRS budget has been cut by $1 billion over the past four years, with a subsequent loss of 10,000 IRS jobs. Late...
State and Local Issues

What’s The Matter With Kansas And Its Tax Cuts? It Can’t Do Math

July 15, 2014 –
Kansas Governor Sam Brownback and his state legislature have embarked on a wonderful natural experiment. Once again we are testing the question: Can...