Wyoming
Lawyer Herald: Panama Paper Firm Connected to Over 1,000 US Companies Since 2001
April 8, 2016
“”If your goal is secrecy and not having prying eyes find out even the most basic things about what you’re doing and what your company is and who owns it, Wyoming and Nevada are incredibly attractive places from that secrecy perspective,” said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy.” Read […]
New York Times: Need to Hide Some Income? You Don’t Have to Go to Panama
April 8, 2016
“In Wyoming, Nevada and Delaware, it’s possible to create these shell corporations with virtually no questions asked,” said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy, a nonprofit research organization in Washington.” Read more
Reno Gazette Journal: Panama Papers firm has Nevada ties
April 8, 2016
““If your goal is secrecy and not having prying eyes find out even the most basic things about what you’re doing and what your company is and who owns it, Wyoming and Nevada are incredibly attractive places from that secrecy perspective,” said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy.” Read […]
Voice of America: Why So Few Americans Named in Panama Papers?
April 6, 2016
“If your goal is secrecy and not having prying eyes find out even the most basic things about what you’re doing and what your company is and who owns it, Wyoming and Nevada are incredibly attractive places from that secrecy perspective,” Matthew Gardner, executive director of the Institute on Taxation and Economic Policy, a […]
USA Today: Panama Papers firm linked to over 1,000 U.S. companies
April 6, 2016
“Nearly all of those companies were incorporated in Nevada and Wyoming, two states with permissive corporate secrecy laws. “If your goal is secrecy and not having prying eyes find out even the most basic things about what you’re doing and what your company is and who owns it, Wyoming and Nevada are incredibly attractive places […]
When thinking of tax havens, one generally pictures notorious zero-tax Caribbean islands like the Cayman Islands and Bermuda. However, we can also find a tax haven a lot closer to home in the state of Delaware - a choice location for U.S. business formation. A loophole in Delaware's tax code is responsible for the loss of billions of dollars in revenue in other U.S. states, and its lack of incorporation transparency makes it a magnet for people looking to create anonymous shell companies, which individuals and corporations can use to evade an inestimable amount in federal and foreign taxes. The…
The Spokesman Review: Idaho tax balance too much for GOP?
October 5, 2015
“At this point, you’ve got to wonder why anyone would still harp about cutting taxes in Idaho. For one thing, the state is hardly overtaxed. Whenever the State Tax Commission looks at tax burdens, it finds Idaho’s near the bottom. By one recent measure, the state is ranked 49th out of the 50 states and […]
Huffington Post: How Some States Are Trying To Fix Their Crumbling Infrastructure
July 6, 2015
Carl Davis, research director at the Institute on Taxation and Economic Policy, said efforts to raise state taxes to pay for roads and bridges exploded this year. In 2013 and 2014, four states (Massachusetts, New Hampshire, Vermont and Wyoming) increased their gas taxes, while Maryland, Pennsylvania and Rhode Island indexed the gas tax to either […]
NPR: Gas Tax Hike to Fuel Fixes to Roads and Bridges
December 9, 2014
“There’s kind of been a switch that’s been flipped,” says Carl Davis, a senior analyst with the nonprofit Institute on Taxation and Economic Policy Davis says gas tax increases are now on the table in states across the country, from New Jersey to Utah to South Carolina to South Dakota. Democratic governors in Delaware, Vermont […]
Bloomberg: Governors Warn That Road Repairs Stalled by Congress
July 14, 2014
“U.S. governors say they won’t be able to plan or build all the major highway and bridge projects the country needs as long as Congress delays action on a long-term funding plan…. “As Congress delays a long-term solution, states are acting. Seven, including New Hampshire and Wyoming, have raised or adjusted fuel levies since February […]
Bloomberg: How Gasoline-Use Drop May Raise Taxes in Deleware
May 27, 2014
Fuel-efficiency gains, inflation and higher construction costs have eroded the ability of state gasoline taxes to keep pace with needs, said Carl Davis, an analyst at the Institute on Taxation and Economic Policy, a Washington-based research group.
An updated version of this brief was published on February 9, 2017. Read this report in pdf. Every state levies taxes on gasoline and diesel fuel, usually just called “gas taxes.” These taxes are an important source of state revenue—particularly for transportation—but their poor design has resulted in sluggish revenue growth that fails to […]
Wall Street Journal: States Raise Gas Taxes to Pay for Infrastructure
April 7, 2014
(Original Post) As Congress Only Takes Short-Term Steps, Governors Seek More Funds for Roads By JOSH MITCHELL Updated April 4, 2014 7:32 p.m. ET GEORGETOWN, Del.—States and cities desperate to build and repair roads and other infrastructure—but frustrated by inertia in Congress—are raising their own levies and turning to private companies for funding. Six states […]
The Record: The 5-cent solution – gas tax for New Jersey
March 24, 2014
(Original Post) MARCH 21, 2014, 4:53 PM LAST UPDATED: FRIDAY, MARCH 21, 2014, 4:53 PM BY CARL DAVIS THE RECORD Carl Davis is senior policy analyst at the Institute on Taxation and Economic Policy, a non-profit, non-partisan research organization that works on federal, state and local tax policy issues. IF YOU WERE to ask five […]
USA Today: Needing money for roads, states mull gas tax hikes
March 11, 2014
(Original Post) Larry Copeland, USA TODAY 10:13 a.m. EDT March 11, 2014 The federal gas tax hasn’t been raised in more than two decades The federal gas tax, long used to help states pay for roads and bridges, hasn’t been raised since Bill Clinton was president. The prices of asphalt, steel and heavy machinery — […]
The Fiscal Times: The 10 Best States for Taxes in 2014
January 27, 2014
(Original Post) BETH BRAVERMAN The Fiscal Times January 24, 2014 Anyone who has a head start on tax planning this year knows that many Americans – particularly high earners – are paying a lot more in taxes this year. But while there’s no dodging federal taxes, the pinch of additional levies varies greatly depending on […]
NHPR: N.H. Legislators Will Make Another Run At Raising Gas Tax
January 22, 2014
(Original Post) By BRIAN WALLSTIN A year after failing to agree on how to pay for a long list of road and bridge improvements, lawmakers will take another shot at bolstering the state’s chronically underfunded infrastructure this session. Several bills are on the table, including one that would channel proceeds from a casino into the […]
Al Jazeera America: America’s crumbling infrastructure desperately needs funding
January 17, 2014
(Original Post) by Patrick J. Natale January 17, 2014 Congress should act now to avoid a transportation fiscal cliff in 2015 Last month, Rep. Earl Blumenauer (D-Oregon) introduced the Update, Promote and Develop America’s Transportation Essentials (UPDATE) Act. The proposed bill lays out a clear roadmap on how to restore and modernize America’s surface transportation […]
Mint Press News: Expiring Tax Deductions Prompt Talk Of Reform For State, Federal Tax System
December 30, 2013
(Original Post) Without congressional action to extend state and federal tax deductions, 11 million taxpayers will lose $17 billion. By Jo Erickson | December 26, 2013 As the year ends nine federal tax provisions will expire, causing some to pay more in state and local sales taxes. Most critics agree that state and federal taxes […]
The Cap Times: What do states with no income tax do for revenue?
December 30, 2013
(Original Post) December 27, 2013 10:25 am • STEVEN ELBOW | The Capital Times | [email protected] Gov. Scott Walker raised a lot of eyebrows earlier this month when he broached the idea of scrapping the state income tax, joining seven other states. So what do Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming do […]
Shreveport Times: Taxes – Where is Louisiana?
November 18, 2013
Nov. 15, 2013 Written by Tommy Williams Special to The Times Right now, inflation is not meeting expectations — and that may be a good thing. Critics of the prevailing monetary policy and low interest rates have predicted inflation will rise. Martin Feldstein, president of the National Bureau for Economic Research, explained in 2012 that […]
USA Today: The most tax-friendly states for business
October 15, 2013
(Original Post) Charley Blaine, 24/7 Wall St. 11 a.m. EDT October 12, 2013 Taxes are necessary for a functioning government, but according to one group, many states are crippling regional business growth with tax structures that are too expensive or complex. The Tax Foundation’s 2014 State Business Tax Climate Index graded all 50 states based […]
Politico: Arthur Laffer is back as GOP tax man
October 15, 2013
By RACHAEL BADE | 10/14/13 11:03 PM EDT Four decades ago at the Washington Hotel, a quirky economist made a pitch on the back of a napkin to Ford administration officials Dick Cheney and Donald Rumsfeld: Cutting taxes would create an economic boom. Back then, many Republicans opposed tax cuts, but that famous “Laffer […]
PBS: How Low Can They Go? Arthur Laffer Defends Slashing State Income Taxes
August 1, 2013
In this 2012 Making Sen$e report, former Reagan White House economic adviser Arthur Laffer drew his famous curve on a napkin -- just the way he did for the Ford administration -- and explained how it works.
US News & World Report: Gas Taxation Without Representation
July 10, 2013
(Original Post) By GREGG LASKOSKI July 10, 2013 Effective in July, eight states increased their gasoline tax rates. 11 others are said to be considering similar action, according to Transportation for America, a Washington D.C.-based public advocacy group. According to another organization, the Institute on Taxation and Economic Policy, 16 states now have taxes that […]
