Institute on Taxation and Economic Policy1d
Minnesota Budget Project: Trump’s 2025 Tax Plans Would Hurt Everyday Americans
Trump tax plans – like extending most provisions of the Tax Cuts and Jobs Act (TCJA) that are set to expire, special tax breaks for people who earn some kinds of income, or new corporate tax cuts – ...
Institute on Taxation and Economic Policy2d
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 Policy3d
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 ...
itep3d
On the Map
Universal adoption of mandatory worldwide combined reporting (WWCR) in states with corporate income taxes would boost state tax revenue by $18.7 billion per year. The revenue effects of mandatory WWCR ...
Institute on Taxation and Economic Policy3d
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 Policy3d
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 Policy3d
Economic Policy Institute: What You Need to Know About Immigrant Workers
The Economic Policy Institute has a fact sheet about immigrant workers in every state, featuring ITEP data. Click here ...
Institute on Taxation and Economic Policy6d
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 ...