Jeff Bezos Move Undercuts Proposed Washington Wealth Tax Skip to content Home • Blog • Jeff Bezos’s Move Undercuts Proposed Washington State Wealth Tax Jeff Bezos announced a move to Miami, and somewhere, a Washington state revenue official was probably moved to tears. Bezos sold about $15.7 billion worth of Amazon stock between 2020 and
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UK Business Investment Increases After Pro-Growth Tax Reforms Skip to content Table of Contents Key Findings The UK Office of National Statistics has reported a significant increase in business investment in the UK since the adoption of two pro-investment reforms to capital cost (depreciationDepreciation is a measurement of the “useful life” of a business asset,
California Menthol Ban Results Mixed, with Illicit Market Thriving Skip to content Home • Blog • Californians Still Smoking Menthol after Ban: Evidence from a Discarded Pack Audit It’s been almost a year since California banned the sale of all flavored tobacco products, and the big question is: did it work? While legal sales are
Do People Really Move Because of Taxes? | TaxEDU Skip to content Home • Blog • The Short Form: Do People Really Move Because of Taxes? This is part of our educational blog series, “The Short Form,” to simplify tax issues and explore the world through the lens of tax policy. Learn more about taxes
US Competitiveness Projected to Worsen | Tax Foundation Skip to content Home • Blog • Changing Tax Policy Landscape Will Worsen U.S. Competitiveness Nearly six years ago, the Tax Cuts and Jobs Act (TCJA)The Tax Cuts and Jobs Act in 2017 overhauled the federal tax code by reforming individual and business taxes. It was pro-growth
2024 State Business Tax Climate Index | Tax Foundation Skip to content Table of Contents Launch Our Interactive Tool Executive Summary The TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Foundation’s State Business
Pennsylvania Cigarette Markups Could Cost $47 Million per Year Skip to content Home • Blog • Pennsylvania Cigarette Minimum Markups Will Cost the State $47 Million per Year Minimum price markups may not be a taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to
CCCTB vs. BEFIT: EU Corporate Tax Base: Details & Analysis Skip to content Home • Blog • CCCTB vs. BEFIT: How Have the Proposals Changed? The European Union (EU) has tried to create a common corporate tax baseThe tax base is the total amount of income, property, assets, consumption, transactions, or other economic activity subject
Successful Fiscal Consolidations Do Not Rely Solely on Tax Hikes Skip to content Home • Blog • Most Successful Fiscal Consolidations Do Not Rely Solely on Tax Hikes Although interest rates are expected to fall as inflationInflation is when the general price of goods and services increases across the economy, reducing the purchasing power of
Nikki Haley Gas Tax Repeal: Details & Analysis Skip to content Home • Blog • Nikki Haley’s Plan to Eliminate the Federal Gas Tax Would Be a Mistake At the most recent Republican primary debate, former governor and United Nations ambassador Nikki Haley (R-SC) proposed eliminating the federal gas taxA gas tax is commonly used
Federal Budget Deficit Grew to $2 Trillion in FY 2023 Skip to content Home • Blog • Federal Deficit Grew to $2 Trillion in FY 2023 Outside of the pandemic years, this year’s federal deficit is the highest in U.S. history. Preliminary figures from the Congressional Budget Office (CBO)The Congressional Budget Office (CBO) provides nonpartisan
US Consumption Tax vs Income Tax Reform: Details & Analysis Skip to content Table of Contents Key Findings Improvements in the long-run standard of living largely depend on peoples’ willingness to work and their ability to invest in capital. TaxA tax is a mandatory payment or charge collected by local, state, and national governments from