Tax Foundation

1. Treasury Department Proposes New Regulations for Opportunity Zones

   On Friday, the Treasury Department released new regulations on the Opportunity Zones program—an investment tool established by 2017’s Tax Cuts and Jobs Act—that will allow investors to defer and eliminate capital gains taxes on gains from investments in economically-distressed localities. The new rules provide some clarity on how investors can qualify for the tax break, […]

2. Top State Tax Ballot Initiatives to Watch in 2018

   Explore our list of the top state tax ballot measures to watch for throughout the country.

3. A Summary of Criticisms of the EU Digital Tax

   Key Findings The European Commission (EC) has introduced two proposals intending to tax digital companies that have significant activity in Europe. The long-term proposal is a framework for establishing taxable digital presence in EU countries. An interim proposal would tax the revenues from some digital activities of multinational corporations at 3 percent. The 3 percent […]

4. Senators Propose Three Different Bills on the Plug-In Electric Vehicle Tax Credit

   Three bills in the U.S. Senate are competing to change the federal tax credit that benefits buyers of electric vehicles. The three bills vary in scope and action, ranging from immediately ending the distortive credit to expanding and extending it for another decade. Currently, the tax code provides a credit for the first 200,000 qualifying […]

5. New IRS Data Reiterates Shortcomings of the Estate Tax

   The Internal Revenue Service (IRS) recently released federal estate tax data for 2017. This data continues to show relatively few taxpayers pay the estate tax—the number of estate tax filers  has declined by 88 percent since 2000—and that it generates little federal revenue compared to other taxes. Changes to the filing threshold in the recent […]