by Upstate Tax Professionals | Feb 24, 2020 | Tax Tips and News
Tax Policy – Maryland Lawmakers Consider Sales Tax Hike on Businesses
Last week, Maryland House Majority Leader Eric G. Luedtke (D) introduced HB1628 which, if enacted, would expand the state sales tax base to include services and raise an estimated $2.6...
by Upstate Tax Professionals | Feb 20, 2020 | Tax Tips and News
Tax Policy – Recent Study on Financial Transaction Taxes Understates their Economic Harm
A recent article by Public Citizen, entitled “A Progressive Tax With Beneficial Effects,” estimates the impact that a 0.1 percent Financial Transaction Tax (FTT) such...
by Upstate Tax Professionals | Feb 20, 2020 | Tax Tips and News
Tax Policy – Bloomberg’s Financial Transaction Tax (FTT) Proposal Revives Bad Policy
This week, former New York City Mayor and Democratic presidential candidate Michael Bloomberg released a proposal to levy a 0.1 percent tax on all financial transactions....
by Upstate Tax Professionals | Feb 20, 2020 | Tax Tips and News
Tax Policy – Marginal Tax Rates on Labor Income in the U.S. After the Tax Cuts and Jobs Act
Workers in the United States face federal individual income taxes and payroll taxes on their labor income. The individual income tax system is progressive, as tax...
by Upstate Tax Professionals | Feb 20, 2020 | Tax Tips and News
Tax Policy – New Evidence on Territorial Taxation
In the current globalized economy businesses have supply chains that can cross borders multiple times. Multinational businesses also make choices in how they want to reach their customers. A country...
Upstate Tax Professionals