Tax rates (business)

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Business Taxes

Petroleum Profit Tax Would Be Efficient and Progressive

March 21, 2022 –
The recent oil price spike has triggered many calls for a temporary windfall profit tax (WPT) on the oil industry, which the US last imposed...
Campaigns, Proposals, and Reforms

Is the TCJA Here to Stay?

December 28, 2021 –
Just based on its sheer size and scope, the Biden administration’s Build Back Better (BBB) agenda was always likely to shrink as it made its...
Business Taxes

Book Minimum Tax May Discourage Investment More Than a Rate Hike

November 18, 2021 –
The House budget reconciliation deal rejected a corporate income tax rate increase in favor of a 15 percent minimum tax on book income . Though...
Business Taxes

Wyden’s Billionaire Income Tax Is Ambitious But Problematic

October 25, 2021 –
Senate Finance Committee Chairman Ron Wyden (D-OR) likes to say : “There are two tax codes in the United States: one for workers who pay...
Business Taxes

Looming R&D Capitalization Would Hit Manufacturing And Tech Sectors Hardest

October 25, 2021 –
US taxation of intellectual property (IP) is facing big changes. Starting next year, research and development (R&D) expenditures, now fully expensed (written off in the...

Tax-Exempt Hospitals and Charity Care: Should Those Hospitals Do More?

July 7, 2021 –
A recent Wall Street Journal report made me wonder.
Business Taxes

What We Are Learning About Firms That Received PPP Loans in 2020

February 18, 2021 –
The Paycheck Protection Program (PPP) was considered essential to last year’s bipartisan COVID-19 relief packages, and many policymakers initially hailed the CARES Act version as...
Business Taxes

Biden’s Corporate Rate Increase Would Raise Revenue Efficiently and Progressively

December 15, 2020 –
President-elect Joe Biden has proposed major changes to the corporate income tax regime.
Campaigns, Proposals, and Reforms

TPC Revises Its Revenue Estimate of Biden’s Tax Plan Downward to $2.1 Trillion Over 10 Years

November 6, 2020 –
The Tax Policy Center has revised its analysis of former Vice President Joe Biden’s tax plan. TPC’s new analysis finds Biden’s tax proposals would raise...
Business Taxes

Who Owns US Stock? Foreigners and Rich Americans.

October 20, 2020 –
Our new analysis shows that foreign investors owned about 40 percent of US corporate equity in 2019, up substantially over the last few decades. Retirement...