Tax Foundation

1. Governor Cuomo’s Aggressive Theory of Tax Flight—And Why He’s Wrong About How to Stop It

   In New York, Governor Andrew Cuomo (D) is staring down a $2.3 billion shortfall, and he thinks he’s identified the culprit: the state and local tax (SALT) deduction cap. It’s a politically convenient scapegoat, but it misses the point—and more importantly, it misses an opportunity to improve the state’s uncompetitive tax code. Once a skeptic […]

2. Virginia on the Verge of Approving Its First Local Option Sales Tax

   Virginia is on the verge of creating local option sales tax authority for precisely one jurisdiction, and it’s been flying completely under the radar. Halifax County, population 35,000, is about to upend Virginia’s sales tax system and potentially open the door to local option sales taxes across the Commonwealth. There are already local sales taxes […]

3. Ready to go on BEPS 2.0?

   Yesterday, the Organisation for Economic Co-operation and Development (OECD) released a consultation document in connection with its continuing efforts under the Base Erosion and Profit Shifting (BEPS) project Action 1 to address the challenges of taxation in the digitalizing economy. The document provides an outline of proposals that the Inclusive Framework (IF) on BEPS (a […]

4. Capital Allowances in Europe

   Although sometimes overlooked in discussions about corporate taxation, capital allowances play an important role in a country’s corporate tax base and can impact investment decisions—with far-reaching economic consequences. And as today’s map shows, the extent to which businesses can deduct their capital investments varies greatly across European countries. Businesses determine their profits by subtracting costs […]

5. Wisconsin Tax Options: A Guide to Fair, Simple, Pro-Growth Reform

   Despite tax cuts in recent years, Wisconsin's overall tax structure lags behind competitor states in simplicity, tax rates, and business climate for residents and investment. Explore our new comprehensive guide to see how the Badger State can achieve meaningful tax reform.