Categories
Uncategorized

Marginal Tax Rates and Economic Opportunity

Note: This analysis was published in conjunction with the Archbridge Institute. Below is an excerpt of the full analysis. Click the link above to access the full report in PDF format. Key Findings The marginal tax wedge is relevant for understanding how workers might benefit (or not) from an increase in pay once taxes enter […]

Categories
Uncategorized

Supreme Court curtails EPA’s authority to fight climate change

OPINION ANALYSIS By Amy Howe on Jun 30, 2022 at 12:57 pm The Environmental Protection Agency building in Washington, D.C. (Erik Cox Photography via Shutterstock) The Supreme Court on Thursday truncated the Environmental Protection Agency’s power to regulate greenhouse gases. The ruling may hamper President Joe Biden’s plan to fight climate change and could limit […]

Categories
Uncategorized

Efforts to Improve Tax Treatment of Saving Gain Traction on Hill

Last week, the Senate Finance Committee approved the Enhancing American Retirement Now (EARN) Act, moving closer to a potential agreement to reform retirement savings this year. That is one of several proposals recently introduced—including the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act (RISE & SHINE)—that would improve the […]

Categories
Uncategorized

An International Tax Agenda for Congress on the Anniversary of the Global Tax Deal

Key Findings A year since the global tax deal was agreed to by more than 130 countries, progress on implementing legislation has hit a lull. Implementation of the minimum tax rules is not expected until the end of 2023 or in 2024. Since the 2017 U.S. tax reforms and other recent international rules changes, onshoring […]

Categories
Uncategorized

How FDI Adds Value to Supply Chains

The COVID-19 pandemic brought increased attention to U.S. global supply chains, as the pandemic impacted critical components within U.S. manufacturing. The attention has led to calls to structure U.S. tax policy to encourage firms to expand their manufacturing capacity in the U.S., under the belief domestic supply chains are inherently less risky than global ones. […]

Categories
Uncategorized

In 5-4 ruling, court dramatically expands the power of states to prosecute crimes on reservations

OPINION ANALYSIS By Matthew L.M. Fletcher on Jun 29, 2022 at 12:35 pm On the second-to-last day of the 2021-22 term, the Supreme Court ruled 5-4 that Oklahoma — and all other states — possesses concurrent jurisdiction with the federal government over crimes committed by non-Indians against Indians in Indian country, wiping away centuries of […]

Categories
Uncategorized

The morning read for Tuesday, June 28

WHAT WE’RE READING By James Romoser on Jun 28, 2022 at 10:30 am Each weekday, we select a short list of news articles, commentary, and other noteworthy links related to the Supreme Court. To suggest a piece for us to consider, email us at roundup@scotusblog.com. Here’s the Tuesday morning read: Posted in Round-up Recommended Citation: […]

Categories
Uncategorized

State Tax Changes Taking Effect July 1, 2022

Although the majority of 2022 state tax changes take effect at the start of the calendar year, some are implemented at the beginning of the fiscal year. Individual and corporate income tax changes usually take effect at the beginning of the calendar year to maintain policy consistency throughout the tax year, but sales and excise […]

Categories
Uncategorized

Tax Burden on Labor in Europe

Governments with higher taxes generally tout that they provide more services as an explanation, and while that is often true, the cost of these services can be more than half of an average worker’s salary, and for most, at least a third of their salary. Individual income taxes, payroll taxes, and consumption taxes like value-added […]

Categories
Uncategorized

Carbon Taxes in the Global Market: Changes on the Way?

After an unpredictable legislative journey, the European Union has entered the final stage of negotiations on the world’s first carbon border adjustment mechanism (CBAM). It would appear that some in the United States Congress are paying attention. On June 8th, the European Parliament rejected a proposal to reform the EU’s Emissions Trading System (ETS) which […]