Abstract This paper offers a comprehensive analysis of Spain’s corporate tax system through the lens of the Laffer curve and Buoyancy index, assessing its efficiency in generating revenue. The study finds that Spain is nearing the Laffer curve’s optimal tax rate, beyond which tax revenue may decrease with rate hikes. The Buoyancy index reveals a … Read more
Minnesota Gov. Tim Walz isn’t generally regarded as a tax policy guy, but tax analysts and lawmakers say Vice President Kamala Harris’s new running mate has supervised the most dramatic shift toward progressive tax policy of any state in the country.While more than two dozen governors slashed individual and corporate taxes during the post-Covid period, … Read more
This blog post was updated on August 2, 2024, to clarify that the Inflation Reduction Act was adopted in 2022. It is too soon to know the details of presumptive Democratic presidential nominee Kamala Harris’s 2024 tax agenda. But her record as a US senator and her short-lived 2020 presidential candidacy shows that she has … Read more
We have been waiting several months for the Supreme Court of the United States (SCOTUS) to render a decision in Moore v. United States. Initially, our questions focused on the issue of “realized or unrealized income” and whether income could be taxed before it is “realized.” The Court avoided this issue almost entirely. So, how … Read more
The world’s most influential finance leaders vowed to work together toward effectively taxing the ultrarich but stopped short of agreeing on how to do so at a meeting in Rio de Janeiro last week. In a joint declaration on Friday, finance ministers and central bankers from the Group of 20 major economies said that “ultra-high-net-worth individuals” … Read more
July 18, 2024 July 18, 2024 State lawmakers across the country navigated budget challenges and slowing revenue growth in 2024. This challenge was made worse by the winding down of temporary federal pandemic aid, coinciding with deep, permanent tax cuts. The impact of those tax cuts becomes clearer as they weigh on the ability of … Read more
Budget Tax Announcements: Finance Minister Nirmala Sitharaman may declare India’s commitment to ‘Pillar 2’, aiming to implement a global minimum effective corporate tax rate of 15%, during the upcoming Budget, ToI reported. This initiative, led by the Organisation for Economic Cooperation and Development (OECD) and supported by the G20, targets multinational enterprise groups with annual … Read more
Google’s European headquarters in Dublin, Ireland. Niall Carson/PA Images via Getty Images Ireland, despite its small land size and population, is among the wealthiest countries in the world. The island nation boasted a GDP per capita of $104,270 in 2023, according to the IMF, next only to Luxembourg and higher than the U.S., Switzerland, Singapore and … Read more
The title page reads, “Mandate for Leadership, the Conservative Promise — Project 2025, Presidential Transition Project.” What follows are 920 pages of sweeping changes for the “next conservative president” to put into effect or, if not sufficiently empowered, to recommend to Congress. From abortion to veterans affairs, the anthology of 30 chapters, each by a … Read more
