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blog
February 27, 2017
States Should Require Combined Reporting of Corporate Income
An important aspect of a 21st century tax code is ensuring that corporate income taxes are easy for corporations to follow, but not easy for… -
blog
February 24, 2017
Why, West Virginia, Why?
A recently introduced Senate Bill in West Virginia (SB 335) would ultimately eliminate the state’s personal and corporate income taxes, do away with the sales… -
blog
February 24, 2017
Tax Justice Digest: The Problems with a Border Adjustment Tax
In the Tax Justice Digest we recap the latest reports, blog posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and… -
brief
February 24, 2017
Combined Reporting of State Corporate Income Taxes: A Primer
Over the past several decades, state corporate income taxes have declined markedly. One of the factors contributing to this decline has been aggressive tax avoidance on the part of large, multi-state corporations, costing states billions of dollars. The most effective approach to combating corporate tax avoidance is combined reporting, a method of taxation currently employed in more than half of the states that tax corporate income. The two most recent states to enact combined reporting are Rhode Island in 2014 and Connecticut in 2015.
In several states, including Connecticut, Illinois, Massachusetts, Rhode Island, and Vermont, lawmakers adopted the policy after first carrying out in-depth studies of its potential effects. This policy brief explains how combined reporting works.
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blog
February 23, 2017
State Rundown 2/23: Regressive Tax Proposals Multiplying
This week saw a nearly successful attempt to right the fiscal ship in Kansas; regressive tax proposals introduced in WestVirginia, Georgia, and Missouri; ongoing gas… -
blog
February 22, 2017
The Border Adjustment Tax Creates More Problems Than It Solves
In recent weeks, the Republican congressional leadership’s effort to introduce a comprehensive tax reform bill has increasingly faced opposition from major business groups and skeptical… -
report
February 22, 2017
Regressive and Loophole-Ridden: Issues with the House GOP Border Adjustment Tax Proposal
In the summer of 2016, House Republicans released a blueprint for tax reform that is likely to be used as the starting point for major tax legislation in 2017.[1] One of the most radical provisions is a proposal to shift the corporate tax code from a residence-based to a destination-based system through applying a border adjustment on exports and imports. This proposal has major flaws that would make it a challenge to implement. Further, it is inherently regressive, rife with loopholes and would violate international agreements.
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blog
February 15, 2017
What to Watch in the States: Modernizing Sales Taxes for a 21st Century Economy
This is the fourth installment of our six-part series on 2017 state tax trends. The introduction to this series is available here. State lawmakers often… -
blog
February 15, 2017
State Rundown 2/15: Tax Overhauls Debated Around the Country
This week we are following a number of significant proposals being debated or introduced including reinstating the income tax in Alaska and eliminating the tax… -
blog
February 13, 2017
'IMPROVE' Act Fails to Improve Tennessee's Regressive Tax Code
Tennessee Gov. Bill Haslam’s proposal (dubbed the IMPROVE Act) to raise the state’s gas tax while cutting three other taxes would essentially be a tax…
