Taxes

Puerto Rico Tax Competitiveness and Pillar Two Skip to content Table of Contents Key Findings Puerto Rico has long relied on low taxes to attract real investment and profit shiftingProfit shifting is when multinational companies reduce their tax burden by moving the location of their profits from high-tax countries to low-tax jurisdictions and tax havens.

ARPA Tax Mandate Ruled Unconstitutional | American Rescue Plan Skip to content Home • Blog • ARPA’s Tax Mandate Ruled Unconstitutional by Appellate Court The Fifth Circuit has affirmed states’ authority over their respective taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover

PA Tax Cuts: Pennsylvania Income Tax Reform Proposal Skip to content Home • Blog • Evaluating Proposed Pennsylvania Income Tax Reforms A pair of bills, SB 269 and HB 2388, cutting taxes in Pennsylvania are moving through the state legislature, but they stand in stark contrast to the governor’s proposed spending increases. The PA Senate

Presented by: Alex Durante Scott Lincicome Erica York The Tax Foundation is hosting an online discussion about the Section 232 tariffs on steel and aluminum, including how they work and their impacts on American jobs, wages, and prices. Erica York will moderate a panel with experts Scott Lincicome and Alex Durante who will share their

Arkansas Enacts Fourth Tax Cut in Less than Two Years Skip to content Home • Blog • Arkansas Enacts Fourth Tax Cut in Less than Two Years Arkansas Governor Sarah Huckabee Sanders (R) recently called a brief special legislative session to enact the fourth round of reductions to the Natural State’s individual and corporate income

Hungary EU Presidency: Tax Files | Tax Foundation Europe Skip to content Home • Blog • Tax Files under New Council of EU Presidency: Hungary On 1 July 2024, Hungary will take over the six-month rotating presidency of the Council of the European Union from Belgium. In the aftermath of the European elections, the relationship

R&D Tax Subsidies in Europe | Tax Subsidies for R&D Expenditures Skip to content Table of Contents Many countries incentivize business investment in research and development (R&D), intending to foster innovation. A common approach is to provide direct government funding for R&D activity. However, a significant number of jurisdictions also offer R&D tax incentives. These

Full TCJA Extension Fiscal Challenge: CBO Projections Skip to content Home • Blog • Latest CBO Projections Highlight Fiscal Challenge of Full TCJA Extension A new report from the Congressional Budget Office (CBO) predicts that, after the upcoming expirations of the TaxA tax is a mandatory payment or charge collected by local, state, and national

The Impact of High Inflation on Tax Revenues across Europe Skip to content Table of Contents Key Findings InflationInflation is when the general price of goods and services increases across the economy, reducing the purchasing power of a currency and the value of certain assets. The same paycheck covers less goods, services, and bills. It

2024 Presidential Debate Tax Policy Issues | Tax Foundation Skip to content Home • Blog • Tax Policy Questions 2024 Presidential Candidates Should Address This Thursday in Atlanta, President Joe Biden and former President Donald Trump will face off for the first debate of the 2024 presidential election. The future of the US tax code

Moore v. United States Supreme Court Tax Case Skip to content Home • Blog • Supreme Court Rules against Moores 7-2, Leaves Most Questions Undecided The US Supreme Court released a ruling on the taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover

US Tax Treaty Network: Prioritizing Brazil and Singapore Skip to content Home • Blog • Enhancing the US Tax Treaty Network: Prioritizing Brazil and Singapore Because 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