Institute on Taxation and Economic Policy14h
State Approaches to Global Intangible Low-Taxed Income (GILTI)
Many states with corporate income taxes include some amount of federally defined Global Intangible Low-Taxed Income (GILTI) in their tax bases. Twenty-one states plus D.C. include some amount of GILTI ...
Institute on Taxation and Economic Policy1d
New York Times: Musk Suggests His Team Will Scrutinize Social Security and Entitlement Spending
Elon Musk, the world’s richest individual, suggested on Monday that his government cost-cutting team would scrutinize Social Security and ...
Institute on Taxation and Economic Policy6d
Trump’s Address to Congress Obscures His Actual Tax Agenda
In last night’s address to Congress, President Trump spent more time insulting Americans, lying, and bragging than he did ...
Institute on Taxation and Economic Policy1d
Centre for International Corporate Tax Accountability and Research: Starbucks’ Swiss Scheme: ‘Fair’ Trading or Global Tax Dodge?
A new report from CICTAR alleges that hidden behind its ‘ethical’ sourcing of coffee beans, Starbucks engages in major global tax avoidance. The report estimates that at least $1.3 billion has been ...
Institute on Taxation and Economic Policy1d
Business Insider: Starbucks Likely Avoided Taxes on $1.3 billion in Profit Using a Swiss Subsidiary, a New Report Finds
A little-known Starbucks subsidiary in Switzerland appears to have played a big role in how much the coffee chain paid over the last decade in taxes, according to a new report. On paper, Starbucks ...
Institute on Taxation and Economic Policy5d
Proposed Missouri Tax Shelter Would Aid the Wealthy, Anti-Abortion Centers Alike
In Missouri, donations to anti-abortion pregnancy resource centers come with state tax credits valued at 70 cents on the ...
Institute on Taxation and Economic Policy5d
State Rundown 3/6: In the Shadow of Chaotic Federal Policymaking States Seek to Tax the Top, Cut Taxes
Proposals from governors in both New Jersey and Wisconsin include provisions to tax high-income earners. Meanwhile, several ...
Institute on Taxation and Economic Policy4d
The Bulwark: Trump Wants to Use the IRS to Track Down Immigrants. They May Stop Paying Taxes.
Immigrants in the country illegally paid nearly $100 billion in taxes in 2022, according to a report by the Institute on Taxation and Economic policy. But that source of government revenue may soon ...
Institute on Taxation and Economic Policy4d
Sen. Warren: Warren Slams Big Tech CEOs for Cozying Up to Trump Admin, Attempting to Score Billions in Tax Handouts at Working Families’ Expense
U.S. Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, wrote to Elon Musk, CEO of Tesla; Jeff Bezos, CEO of Amazon; Mark Zuckerberg, CEO of Meta; Tim Cook, CEO of Apple; ...
Institute on Taxation and Economic Policy6d
ProPublica: How DOGE’s Cuts to the IRS Threaten to Cost More Than DOGE Will Ever Save
The Trump administration claims gutting federal agencies will save money, but cutting the IRS means the government collects less ...
Institute on Taxation and Economic Policy4d
Center on Budget and Policy Priorities: Maryland’s Tax Loophole for Billionaire Corporations Must End as Federal Cuts Loom for Working Families
Conservative revenue estimates released last month by the Institute on Taxation and Economic Policy (ITEP) project more than $700 million annually in new revenues for Maryland once you close the ...
Institute on Taxation and Economic Policy6d
Associated Press: Groceries Around the Country Remain Expensive. That’s Why More States Want to Stop Taxing Them
The number of states imposing sales taxes on groceries has shrunk over the years, and the number may decrease further in the coming months as lawmakers hear complaints about high prices for eggs and ...