by Upstate Tax Professionals | Jan 28, 2020 | Tax Tips and News
Tax Policy – State Corporate Income Tax Rates and Brackets for 2020
Key Findings Forty-four states levy a corporate income tax. Rates range from 2.5 percent in North Carolina to 12 percent in Iowa. Six states—Alaska, Illinois, Iowa, Minnesota, New Jersey,...
by Upstate Tax Professionals | Jan 27, 2020 | Tax Tips and News
Tax Policy – Analysis of Sen. Warren and Sen. Sanders’ Wealth Tax Plans
Key Findings Wealth taxes on ultra-wealthy households have been proposed by Democratic presidential candidates to fight against inequality and raise extra revenue but there is...
by Upstate Tax Professionals | Jan 23, 2020 | Tax Tips and News
Tax Policy – The Davos Digital (Tax) Détente?
The past week has been nearly nonstop with news on various fronts of a dispute over taxation of digital businesses. The main characters have been the U.S., France, and the UK, although the EU and the OECD have...
by Upstate Tax Professionals | Jan 23, 2020 | Tax Tips and News
Tax Policy – The Impact of a Financial Transactions Tax
Key Findings A broad-based financial transaction tax (FTT) in the United States would be a substantial revenue source. For example, the Inclusive Prosperity Act proposed by Sen. Bernie Sanders...
by Upstate Tax Professionals | Jan 23, 2020 | Tax Tips and News
Tax Policy – Financial Transaction Taxes in Europe
Since the 2008 financial crisis, financial transaction taxes (FTTs) have been debated as a potential instrument to address financial market instabilities and as a source for tax revenue. Today’s map shows...
Upstate Tax Professionals