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New parents could get $6,000 for the first year of their child’s life and a restored child tax credit under Kamala Harris’ economic plan

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New parents could get $6,000 for the first year of their child's life and a restored child tax credit under Kamala Harris' economic plan

Economy New parents could get $6,000 for the first year of their child’s life and a restored child tax credit under Kamala Harris’ economic plan Ayelet Sheffey and Juliana Kaplan 2024-08-16T14:33:04Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send … Read more

Oregon residents will vote in November on a $1,600 annual universal basic income

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Oregon residents will vote in November on a $1,600 annual universal basic income

Economy Oregon residents will vote in November on a $1,600 annual universal basic income Katie Balevic 2024-08-16T15:29:34Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized bird with an open mouth, tweeting. Twitter … Read more

The 10 blockbuster companies behind Ireland’s corporate tax windfall

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The 10 blockbuster companies behind Ireland’s corporate tax windfall

Despite repeated warnings about the potential once-off nature of corporation tax receipts and the concentration risk of having so few firms paying the bulk of the money, Ireland continues to hit the business tax jackpot.Revenue from the tax swelled to a record €23.8 billion last year, almost six times the amount garnered in 2014. It … Read more

STT, PIT spikes lift net direct tax receipts 22.5%

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STT, PIT spikes lift net direct tax receipts 22.5%

India’s net direct tax collections’ growth accelerated to 22.5% by August 11, from a 19.54% recorded a month ago, led by a 30% spike in Personal Income Tax (PIT) revenues and a 111% surge in Securities Transaction Tax (STT) receipts, even as corporate tax inflows grew a mere 5.9% from last year.Data from the Central … Read more

Tax Complexity Now Costs the U.S. Economy Over $546 Billion Annually

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Tax Complexity Now Costs the U.S. Economy Over $546 Billion Annually

IRS Tax Compliance Costs the US Economy $546B Annually Skip to content 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. code imposes many costs on the US economy. The most direct costs, of … Read more

Gov. Tim Walz Raised Taxes as Most Governors Cut Them

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Gov. Tim Walz Raised Taxes as Most Governors Cut Them

Tim Walz Tax Policies: Details & Analysis Skip to content Home • Blog • Gov. Tim Walz Raised Taxes as Most Governors Cut Them Most states have cut taxes at least once since 2021, with a renewed emphasis on taxA tax is a mandatory payment or charge collected by local, state, and national governments from … Read more

‘Walz checks,’ free school lunches, and ditching fossil fuels: What Tim Walz’s record in Minnesota says about his economic goals

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'Walz checks,' free school lunches, and ditching fossil fuels: What Tim Walz's record in Minnesota says about his economic goals

Politics ‘Walz checks,’ free school lunches, and ditching fossil fuels: What Tim Walz’s record in Minnesota says about his economic goals Noah Sheidlower 2024-08-06T16:06:24Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized … Read more

‘Not a Good Deal for Working Families’: Sanders Votes No on Tax Bill | Common Dreams

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'Not a Good Deal for Working Families': Sanders Votes No on Tax Bill | Common Dreams

Continuing months of progressive opposition to the bipartisan Tax Relief for American Families and Workers Act, U.S. Sen. Bernie Sanders on Thursday voted against advancing the bill and highlighted how it would give tax breaks to major corporations.The bill passed the House 357-70 in January, shortly after it was negotiated by Senate Finance Committee Chair … Read more

Shapiro backs ‘aggressive’ corporate tax cuts in Pennsylvania as Harris campaign vets him for VP

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Shapiro backs 'aggressive' corporate tax cuts in Pennsylvania as Harris campaign vets him for VP

Pennsylvania Gov. Josh Shapiro speaks during a campaign rally for Vice President Kamala Harris in Ambler, Pennsylvania, on July 29, 2024.Hannah Beier | Getty ImagesPennsylvania Gov. Josh Shapiro defended his support for “aggressive” corporate tax cuts, a position that could rankle some of his fellow Democrats but which has won him support from the state’s … Read more

Capital Allowances in Europe, 2024

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Capital Allowances in Europe, 2024

Capital Allowances in Europe, 2024 | Tax Foundation Skip to content capital allowances play an important role in a country’s corporate tax baseThe tax base is the total amount of income, property, assets, consumption, transactions, or other economic activity subject to taxation by a tax authority. A narrow tax base is non-neutral and inefficient. A … Read more