The top companies in terms of overseas holdings are Apple, Pfizer and Microsoft, according to a report from the Institute on Taxation and Economic Policy. General Electric and IBM round…
Nor do they jibe with his and his presidential transition team’s guarantee that there wouldn’t be a big tax cut for wealthy people — now-Treasury Secretary Steve Mnuchin promised on…
Apple, for one, would likely be happy about a one-time repatriation of earnings, depending on the details of the plan. In 2016, the European Union, after a lengthy investigation, ruled…
On the state level, 240 Fortune 500 firms avoided paying $126 billion in income taxes between 2008 and 2015, a study released Thursday by the non-profit Institute on Taxation and Economic…
She’s right that sales tax exemptions are political. But to be fair, which exemptions aren’t? Moreoever, taxes themselves are unavoidably political. They speak to the policies and values held by…
The Effective State Tax Rate Paid by Profitable Fortune 500 Corporations Is Declining,Yet States Continue to Actively Dismantle Their Corporate Income Taxes (Washington, D.C.) As states struggle with tough budget…
Others see it differently. The Tax Foundation is one of the leading proponents of tax cuts that disproportionately favor the wealthy over low-income families, said Meg Wiehe, director of programs…
For instance, a report from the Institute on Taxation and Economic Policy that examined the corporate tax filings of 258 Fortune 500 companies from 2008 to 2015 provided a snapshot…
Nor do they jibe with his and his presidential transition team’s guarantee that there wouldn’t be a big tax cut for wealthy people — now-Treasury Secretary Steve Mnuchin promised on…
Following is a statement by Alan Essig, executive director of the Institute on Taxation and Economic Policy, regarding the tax plan released today by the Trump Administration. The administration has…
Poor people across the country pay a higher percentage of their income in state and local taxes than do wealthier people, but Washington is the worst offender in that regard.…
Young undocumented immigrants’ tax contributions would drop by nearly half if DACA protections were rescinded A new Institute on Taxation and Economic Policy report examined the state and local tax…
Cutting the Permanent Fund Dividend (PFD) or Implementing a Sales Tax Would Be Costlier than Income Tax for Most Alaskans A new analysis by the Institute on Taxation and Economic…
Don’t worry. This isn’t yet another screed calling you out as the king of all corporate tax dodgers. By now, most people probably have a general understanding that you’ve been…
Unauthorized workers aren’t eligible for benefits like the earned income tax credit — which is what the green box on the screen was warning Gonzalez about. Nor can they get…
Of course, few, if any, corporations actually pay taxes at that rate. Earlier this spring, a study by the Institute on Taxation and Economic Policy (ITEP) showed that, between 2008…
There is a widely held misconception that undocumented immigrants do not pay taxes. However, according to the Institute on Taxation and Economic Policy, a Washington, D.C. think tank, roughly half of undocumented…
Federal and state taxes are a contentious point of policy debate all year round but are especially salient in the minds of most Americans as Tax Day approaches. This year,…
As recently as 2011, Amazon was collecting sales tax in just five states, home to 11 percent of the country’s population, according to Carl Davis of the Institute on Taxation and Economic…
There are nine states with no income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, Wyoming, New Hampshire and Tennessee. Only Texas has seen job growth — as a result…
That’s the problem Tharpe has with studies like the Wallethub.com survey. That 50-state look at state taxes found Georgia has a tax burden of 8.2 percent of individual personal income. The…
The Institute on Taxation and Economic Policy in Washington, D.C. analyzed 258 profitable Fortune 500 companies and found that 100 of them paid no taxes at least one year between…
But if states can compete on tax fairness, Minnesota is positioned to do well. The national Institute on Taxation and Economic Policy ranked Minnesota the fifth-fairest state in the country…
But economists at the Institute on Taxation and Economic Policy, a nonpartisan research group, say the adjustment overall could take years, and in the meantime, at least some portion of…
The national Institute on Taxation and Economic Policy ranked Minnesota the fifth-fairest state in the country in 2014 for taxing those at higher incomes at nearly the same effective rate…
