TaxVox: Corporate income tax

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The voices of Tax Policy Center's researchers and staff

Tax Protests and Business Boycotts: History Repeats, Maybe.

June 6, 2018 –
Independence Day has me thinking about tax protests. One, in Boston, shaped our nation’s history. Another is still taking shape in Seattle. Both reflect our complicated relationship with taxes and those who levy them. But that’s where similarities end. If you were a taxpayer participating in either, what might you do?
Campaigns, Proposals, and Reforms

Has Uncertainty Undercut the TCJA’s Promised Investment Benefits?

May 23, 2018 –
While the Tax Cuts and Jobs Act significantly cuts taxes for US corporations, it may have created so much uncertainty that the promised benefits of...
Business Taxes

Should Treasury Index Capital Gains?

May 10, 2018 –
National Economic Council chair Larry Kudlow reportedly wants the IRS to redefine capital gains to include only returns from the sale of assets in excess of inflation. Were it feasible, it would make sense to measure all income and expense in real terms. But indexing capital gains alone by executive fiat would make no sense. It would cut capital gains taxes by up to $20 billion a year for the richest Americans and open the door to a raft of new, inefficient tax shelters. And it would do all this without the approval of Congress.
Business Taxes

Three Things You Should Know about the Buyback Furor

April 12, 2018 –
Record stock buybacks—driven in part by the corporate tax changes in the Tax Cuts and Jobs Act (TCJA)—have sparked a media and political furor. Unfortunately,...
State and Local Issues

A Little-Publicized Incentive In The New Tax Law Could Become America’s Largest Economic Development Program

March 27, 2018 –
The Tax Cuts and Jobs Act included a new federal incentive—Opportunity Zones—to spur investment in poor and undercapitalized communities. These incentives could become the nation’s...

Conformity and Child Tax Credits: How Idaho’s $100 Million Tax Cut Could Raise Taxes on Large Families

March 21, 2018 –
Idaho Gov. Butch Otter signed a $100 million tax cut last Monday. The bill would reduce Idaho’s individual and corporate income tax rates and lower...

Foreigners Would Win Big from A Corporate Tax Cut

October 23, 2017 –
The Trump Administration and congressional Republican leaders (the Big Six) have proposed a $70 billion-a-year tax cut for foreign investors. It stems from the cut...
Business Taxes

How Should Tax Reform Treat Employee Stock and Options?

October 4, 2017 –
The tax treatment of employee stock and options used as a compensation mechanism raises a classic Goldilocks problem. We want the tax burden on this...

Eight Thoughts on Business Tax Reform

September 19, 2017 –
Today I had the chance to testify before the Senate Finance Committee on business tax reform. Here are my opening remarks. You can find my...
Business Taxes

Would Workers Benefit From A Corporate Tax Cut? Not Much

September 8, 2017 –
President Trump and congressional Republicans are pressing ahead on a tax bill that will almost certainly include a major corporate tax cut. And they are...