Taxes

Transcript Taxes have one job – to raise revenue for the government to provide necessary services. And when taxes are applied at a low rate, on a wide base, they’re likely to do this job better. Unfortunately, this hasn’t always stopped governments from trying to use taxes for other purposes besides raising revenue, like influencing

Carbon Taxes in Europe, 2024 | Tax Foundation Europe Skip to content Table of Contents In recent years, several countries have taken measures to reduce carbon emissions, including instituting environmental regulations, emissions trading systems (ETSs), and carbon taxes. In 1990, Finland was the world’s first country to introduce a carbon taxA carbon tax is levied

Local Sales Taxes vs Income Taxes: Sources of Local Tax Revenue Skip to content Table of Contents Key Findings Local sales and income taxes generate 13 percent and 5 percent of local taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs

Oregon Ballot Measure IP-17 | Oregon Rebate: Details & Analysis Skip to content Home • Blog • Oregon Ballot Measure Would Yield Sky-High Business Tax Rates The all-in Oregon state and local taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs

TCJA Family Provisions Offer Template for Tax Reform in 2025 Skip to content Home • Blog • TCJA Family Provisions Offer Template for Tax Reform in 2025 Congress has already started debating what to do about the upcoming expirations of the TaxA tax is a mandatory payment or charge collected by local, state, and national

Further Tax Reforms Needed in 2025 | Tax Conference Skip to content Home • Blog • Conference on Tax Cuts and Jobs Act’s Effects Shows Further Tax Reforms Needed in 2025 On May 23rd, the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to

Beer Taxes by State: How High Are Beer Taxes in Your State? Skip to content Table of Contents Beer. For many Americans, the thought of beer conjures warm memories—summer grilling, a cheers with old friends, or a cold drink at the end of a long day. Beer taxes, however, are enough to squash those positive

Capital Allowances | Capital Cost Recovery across the OECD, 2024 Skip to content Table of Contents Key Findings A capital allowanceA capital allowance is the amount of capital investment costs, or money directed towards a company’s long-term growth, a business can deduct each year from its revenue via depreciation. These are also sometimes referred to

Presented by: Will McBride Chris Edwards The Tax Foundation is hosting an online discussion with Will McBride and Chris Edwards on universal savings accounts, their track record in Canada and the United Kingdom, and how they could help Americans save more. According to the Federal Reserve, the portion of Americans with emergency savings to cover

Tariffs are a hot topic this election cycle for both President Biden and former President Trump. But why are tariffs so popular despite their economic downsides? In this episode, we unpack tariffs’ role in the political playbook, their impact on manufacturing jobs and consumers, and the Biden administration’s review of Trump-era tariffs. Erica York, Senior

Tax Burden on Labor in Europe, 2024 | Tax Foundation Europe Skip to content Home • Data • Tax Burden on Labor in Europe, 2024 Governments with higher taxes generally tout that they provide more services, and while this is often true, the cost of these services can be more than half of an average

A Comparison of the Tax Burden on Labor in the OECD, 2024 Skip to content Table of Contents Key Findings Average-wage earners in the OECD have their take-home pay lowered by two major taxes: individual income taxes and payroll taxes (both employee- and employer-side). Value-added taxes (VAT) and sales taxes also place a taxA tax