Tax Foundation

1. Impact of Italian Elections on National Tax Policy and EU Fiscal Policy

   In the EU, Italy plays an important role in economic policy. If the EU wants to further develop own resources, it will need the backing of the Italian government—which seems unlikely at the moment.

2. Combined Federal and State Corporate Income Tax Rates in 2022

   When examining tax burdens on businesses, it is important to consider both federal and state corporate taxes. Corporate taxes are one of the most economically damaging ways to raise revenue and are a promising area of reform for states to increase competitiveness and promote economic growth, benefiting both companies and workers.

3. Doing Tax Policy at the Ballot Is Not for the Faint of Heart

   Some tax ballot initiatives will be straightforward, some will be complex, and—let’s be honest—some will be a drafting nightmare.

4. The Sticks: Inflation Reduction Act’s Energy-Related Tax Increases

   The Inflation Reduction Act primarily uses carrots, not sticks, to incentivize reductions in carbon emissions. It creates or expands tax credits for various low- or no-emission technologies, rather than imposing a generalized penalty for emissions, such as a carbon tax.

5. After the UK Super-Deduction: Assessing Proposals for the Reform of Capital Allowances

   For many years, the UK has adopted a strikingly ungenerous approach to capital cost recovery – the ability of firms to write off investment against tax. This has coincided with consistently low levels of business investment. The super-deduction, which has temporarily made the UK tax system much more supportive of capital investment in plant and machinery is set to expire.