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What If We Taxed Churches?

“If churches paid taxes,” runs a popular claim on social media (hashtag #taxthechurches), “everyone would only have to pay 3 percent taxes.” Other claims put the forgone tax revenue haul at $76 billion or $85 billion, oddly specific figures conspicuously lacking a meaningful citation. Whether spurred by a belief that government is improperly favoring religious […]

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Asian and Pacific Countries Faced Revenue Loss Prior to COVID-19 Outbreak

The Organisation for Economic Co-operation and Development (OECD) recently published a report on tax revenue statistics in selected Asian and Pacific countries. The report, covering 24 tax jurisdictions, provides tax revenue data from 1990 to 2019 and includes a section on nontax revenue data for selected Asian and Pacific economies. Additionally, a special feature co-authored by the […]

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How Does Your State Treat Social Security Income?

Thirteen states tax Social Security benefits, a matter of significant interest to retirees. Each of these states has its own approach to determining what share of benefits is subject to tax, though these provisions can be grouped together into a few broad categories. Today’s map illustrates these approaches. Thirty-seven states and D.C. either have no […]

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More Tax Hikes Than Investment Projects?

In light of the coronavirus pandemic, Spain is set to receive roughly €140 billion in grants and loans through the European Union’s (EU) Recovery and Resilience Facility program over the next six years. However, policymakers are also considering significant tax hikes that could undermine recovery efforts. When the pandemic subsides, Spain should focus on policies […]

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Reliance on Social Insurance Tax Revenue in Europe

A recent report on tax revenue sources shows that social insurance taxes—also referred to as social security contributions or payroll taxes—are an important revenue source for European governments. Social insurance taxes, as opposed to individual income taxes, are usually levied at a flat rate. The revenue is generally used to fund specific social programs, such […]

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Insights into the Tax Systems of Scandinavian Countries

Scandinavian countries are well-known for their broad social safety net and their public funding of services such as universal health care, higher education, parental leave, and child and elderly care. High levels of public spending naturally require high levels of taxation. In 2019, Denmark’s tax-to-GDP ratio was at 46.3 percent, Norway’s at 39.9 percent, and Sweden’s at […]

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Tracking 2020 State and Local Tax Ballot Measure Results

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