Tax Foundation

1. The UK Should Not Ignore Problems with its Corporate Tax Base

   While the UK is looking at ways to raise tax revenue to cover the revenue shortfalls and additional spending resulting from the COVID-19 pandemic, short- as well as long-term, investment will be crucial in getting the economy back on track and ensuring economic growth.

2. Renewed Calls for Severance Taxes on Bottled Spring Water

   Amid a debate over water extraction from Florida’s springs, Florida Sen. Annette Taddeo (D) has introduced a bill (SB 562) which, if enacted, would establish an excise tax on water extraction beginning July 1.

3. Evaluating Mississippi’s Plan to Phase Out the Individual Income Tax

   Mississippi has an opportunity to become the 10th state without an individual income tax and to do so with sales tax rates which, while certainly high, are in line with regional competitors. For such a momentous undertaking, however, policymakers should be equipped with reliable revenue projections and a detailed accounting of how much revenue is projected to come from each offsetting change. A change worth doing is worth doing right.

4. Reliance on Social Insurance Tax Revenue in Europe

   Social insurance taxes are the second largest tax revenue source in European OECD countries, at an average of 29.5 percent of total tax revenue.

5. Insights into the Tax Systems of Scandinavian Countries

   Scandinavian countries are well-known for their broad social safety net and their public funding of services such as universal healthcare, higher education, parental leave, and child and elderly care. So how do Scandinavian countries pay for their government spending?