Institute on Taxation and Economic Policy (ITEP)

Recent Work

2275 items
New EU Disclosure Requirements Are Helping Identify Corporate Tax Avoiders

Microsoft reports a huge share of its worldwide profit in low-tax Ireland and is achieving this despite having a very small share of its employees there. As other companies make similar disclosures between now and the end of calendar year 2026, investors and the public will likely get a much clearer sense of how much profit corporations are hiding offshore—and how much tax they’re avoiding by doing so.

2026 Sessions in Review: States Move to Tax the Rich and Corporations

This year several states raised income tax rates on high-income people to fund crucial services and make progress toward remedying the regressive tilt of their tax codes.

A Year Later, Many States Have Decided Not to Double Down on Trump’s Tax Cuts

Nearly one year after the Trump tax law was signed, many of the 42 states with income taxes are declining to incorporate significant parts of the new law into their own tax codes.

How much is hosting the World Cup costing your city or state?

State Rundown 6/25: Trending This Summer? New Revenue!

It's the first official week of summer, and while many of us are planning vacations, state lawmakers remain busy finalizing and debating tax proposals.

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Why Corporations Must Pay More

June 22, 2026 • By Steve Wamhoff, Amy Hanauer

Why Corporations Must Pay More

Corporate tax reforms could be more resilient than proposals to tax wealth or unrealized capital gains while achieving the same goal of more adequately taxing the income of billionaires.

Elon Musk can thank the U.S. government for the enormous tax breaks and subsidies that helped him become the world's first trillionaire.

The Impact of Proposed New Tax Credit Restrictions for Immigrant Filers: An Analysis of the DACA Recipient Population

We find that 337,000 people in households with at least one DACA recipient will suffer financial harm, and that nearly two-thirds (66 percent) of the impacted individuals are U.S. citizens.

The Impact of Proposed New Tax Credit Restrictions for Immigrant Filers: An Analysis of State EITCs

Immigrants and their families in as many as 30 states are at risk of seeing their state tax credits such as the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) reduced unless state lawmakers act.

"And he is so grateful to this country that allowed him to become a trillionaire, Tesla paid almost no federal income tax over the past three years."

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Celebrate Juneteenth With Tax Justice for All

June 15, 2026 • By Brakeyshia Samms

Celebrate Juneteenth With Tax Justice for All

If Juneteenth is to mean anything beyond symbolism, it must also be a call to confront the policies that continue to shape racial inequities today. One of the most powerful drivers of that inequity is our tax system.

Rhode Island Budget Bets on Tax Fairness with Millionaires’ Tax and New Child Tax Credit

The spending plan, signed into law by Gov. Dan McKee today, features a new millionaires’ tax, the state’s first permanent child tax credit, expanded eligibility for its Social Security exemption , and strategic decoupling from federal business tax provisions.

The Final Frontier of Tax Avoidance: Elon Musk’s SpaceX Has $1.9 Billion to Gain from Defunding the IRS

A year after Elon Musk’s Department of Government Efficiency (DOGE) cut a swath of destruction through vital federal agencies including the Internal Revenue Service, Musk’s apparent antipathy toward the IRS suddenly makes more sense.  

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State Rundown 6/11: Taxing the Rich Heats Up

June 11, 2026 • By ITEP Staff

State Rundown 6/11: Taxing the Rich Heats Up

As we head into summer, many state legislatures are in the final stretches of their sessions. Rhode Island moved another step closer to joining the ranks of Washington, Maine, and Hawai’i in enacting a new high-income surcharge this year.

A Growing Number of States Are Taxing the Sale of Advertising

ITEP’s report on taxing advertising identifies some reasons why states are curtailing longstanding sales tax exemptions for the ad sector.

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