Tax Blog
Tips to help you prepare for tax season
New IRS Data on Taxes of U.S. Parented Multinationals in 2017
Tax Policy - New IRS Data on Taxes of U.S. Parented Multinationals in 2017 Recently, the Internal Revenue Service (IRS) published its annual Country-by-Country Report, providing detailed statistics on profits and taxes of multinational enterprise groups...
Iowa Governor Proposes Second Round of Tax Reform
Tax Policy - Iowa Governor Proposes Second Round of Tax Reform Building on tax reforms adopted in 2018, Iowa Gov. Kim Reynolds (R) is proposing additional reforms which expand and guarantee the promises of the 2018 legislation while modestly rebalancing tax...
Measuring Marginal Effective Tax Rates on Capital Income Under Current Law
Tax Policy - Measuring Marginal Effective Tax Rates on Capital Income Under Current Law Key Findings This paper updates the user cost of capital calculation in Tax Foundation’s General Equilibrium model by including the split of equity and debt financing by...
State and Local Sales Tax Rates, 2020
Tax Policy - State and Local Sales Tax Rates, 2020 Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. Local sales taxes are collected in 38 states. In some cases, they can rival or even exceed state rates. The five states...
Gig Economy Workers Get Boost from New IRS Dedicated Tax Center
Tax Policy - Gig Economy Workers Get Boost from New IRS Dedicated Tax Center Last week, the Internal Revenue Service (IRS) launched the Gig Economy Tax Center aimed at helping gig economy participants understand and meet their tax obligations. This center is a...
How Controlled Foreign Corporation Rules Look Around the World: China
Tax Policy - How Controlled Foreign Corporation Rules Look Around the World: China The Chinese Controlled Foreign Corporation (CFC) regime was adopted in 2008. CFC rules in China are not commonly enforced, and the government relies more on the application of...

