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55c984159366576a63f030510a9f1307 Archive

State Wine Taxes | Compare 2021 Wine Tax Rates

[ad_1] Whether you’re a self-appointed connoisseur or an occasional sipper of chardonnay, you may not have thought about the taxes that go into your wine purchase. But now you can quench your newfound thirst for excise tax info with this week’s map, which compares wine taxes among the 50 states, expressed in dollars per gallon. States tend

Net Operating Loss (NOL) Policies in the OECD

[ad_1] Key Findings Net operating loss (NOL) deductions (carryforwards and carrybacks) help ensure that businesses are taxed on their average profitability, which makes the tax code more neutral across businesses and over time. Ideally, countries should allow their businesses to carry their losses forward and back without any limits. However, no OECD country with a

Reviewing the Academic Literature on Profit Shifting

[ad_1] Note: This is a preview of the full article originally published by Tax Notes. To read the full article, click the download links above. Brief Summary In recent years, significant unilateral and global efforts have been made to address the issue of profit shifting. However, reviewing the academic literature on profit shifting, one finds that

Value-Added Tax (VAT) Bases in Europe

[ad_1] Today’s post will take a closer look at European OECD countries’ Value-Added Tax (VAT) bases. One way to measure a country’s Value-Added Tax base is the VAT revenue ratio. This ratio looks at the difference between the VAT revenue actually collected and collectable VAT revenue under a VAT that was applied at the standard rate

Biden Budget Proposals: Details & Analysis

[ad_1] Launch Resource Center: President Biden’s Tax Proposals The Biden administration’s proposed American Jobs Plan (AJP), American Families Plan (AFP), and fiscal year 2022 budget would increase federal spending by about $4 trillion over 10 years, including $1.7 trillion for infrastructure, partially funded with higher taxes on individuals and businesses as well as increased tax

Retirement Savings: Securing a Strong Retirement Act

[ad_1] Lawmakers have proposed three retirement savings bills to expand access and simplify certain rules for retirement savers and employers, but each version would fall short of comprehensive reform. The proposals would build on the improvements made by the SECURE Act of 2019 to increase the flexibility of savings accounts and expand limits for some

DC Flavored Tobacco Ban Could Prove Costly

[ad_1] The Flavored Tobacco Product Prohibition Amendment Act of 2021 (B24-0020) under consideration by the D.C. City Council would, as the name suggests, ban all flavored tobacco product sales in the District. That means banning the majority of cigarettes being sold, since more than 50 percent of the market is menthol flavored, which could have