July 7, 2016 09:51 AM By Institute on Taxation and Economic Policy Staff | Permalink | CTJ/ITEP Staff Summer Fun List Selections We’re in the midst of summer and besides analyzing tax policies and scouring corporate financials, our staff is enjoying the warm temps, sunshine and time outside. Normally we provide summer book recommendations as […]
July 7, 2016 09:00 AM By Richard Phillips, Senior Policy Analyst at ITEP | Permalink | Since the Treasury Department announced new rules in early April designed to stop corporate inversions, some corporate lobbyists have protested loudly. This likely is an indicator the proposed rules would have a real effect on the ability of big […]
July 6, 2016 04:37 PM By Meg Wiehe, Deputy Director at ITEP | Permalink | This week we bring you tax and budget news in Alaska, California, Illinois, New Jersey, North Carolina, and Pennsylvania. Check out the What We’re Reading section below for a good piece on Kevin Durant and the minor role tax rates […]
July 5, 2016 05:41 PM By Bob McIntyre, Director of Citizens for Tax Justice | Permalink | The rightwing Tax Foundation today released an analysis of Speaker Paul Ryan’s tax plan. Not surprisingly, it found the plan would carry a relatively small price tag over the next decade, reducing federal revenues by only $191 billion. […]
June 30, 2016 04:37 PM By Citizens for Tax Justice Staff | Permalink | A new review of 27 major American financial firms’ corporate filings finds that some of the nation’s big banks fail to report the vast majority of their tax haven subsidiaries in their annual Securities and Exchange Commission (SEC) corporate filings. This […]
June 30, 2016 12:29 PM By Kelly Davis, Assistant Director of Communications | Permalink | In the Tax Justice Digest we recap the latest reports, blog posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. Here’s a rundown of what we’ve been working on lately. Speaker Paul Ryan Proposes […]
June 29, 2016 02:23 PM By Matt Gardner, Senior Fellow at ITEP | Permalink | Aside from the ethical concerns around corporate inversions, the clearest case for establishing legislation to prevent this practice is the $2.4 trillion that U.S. multinationals have stashed offshore, and the potential for inversions to help these companies avoid up to […]
June 29, 2016 01:11 PM By Meg Wiehe, Deputy Director at ITEP | Permalink | We’ve got a jam-packed Rundown for you with legislative action coming down to the fiscal year wire. Read about tax happenings in New Jersey, North Carolina, Pennsylvania, California, and Wisconsin. Thanks for reading the State Rundown! — Meg Wiehe, ITEP […]
June 29, 2016 10:30 AM By Bob McIntyre, Director of Citizens for Tax Justice | Permalink | Since House Speaker Paul Ryan signaled his support of Republican presidential candidate Donald Trump earlier this month, the pundit class has continually speculated whether Trump is “conservative enough” and how Trump’s policy agenda would align with the party’s […]
June 28, 2016 03:37 PM By Guest Blogger | Permalink | Thanks to Jan Moller from the Louisiana Budget Project for guest posting for us about the end of Louisiana’s three legislative sessions held this year. Find a more detailed commentary on what was and wasn’t accomplished here (PDF). The three sessions that comprised the 2016 […]
June 28, 2016 01:26 PM By Carl Davis, Research Director at ITEP | Permalink | UPDATE: New Jersey did not increase its gas tax on July 1 because of disagreement over tax cuts that many legislators wanted to tie to the gas tax increase. Lawmakers continue to search for a solution to the state’s infrastructure […]
June 24, 2016 03:14 PM By Dylan Grundman, Senior Analyst at ITEP | Permalink | Since 1989, a magazine published in New Jersey called Weird N.J. has chronicled all things quirky, strange, unusual, and absurd in the Garden State. Weird N.J. could do an entire issue about the bizarre mix of tax policies floated in […]
June 24, 2016 12:38 PM By Kelly Davis, Assistant Director of Communications | Permalink | In the Tax Justice Digest we recap the latest reports, blog posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. Here’s a rundown of what we’ve been working on lately. House Speaker Paul Ryan […]
June 23, 2016 02:30 PM By Bob McIntyre, Director of Citizens for Tax Justice | Permalink | It appears Donald Trump wants Bernie Sanders supporters to buy into the patently false notion that Trump is a populist candidate and their next best option. But Mr. Trump’s disingenuous rhetoric doesn’t pass the sniff test. During a […]
June 23, 2016 12:57 PM By Aidan Russell Davis, Senior Analyst at ITEP | Permalink | After a contentious budgeting process, West Virginia lawmakers brought their 17-day special session to a close last week after agreeing on a budget bill, SB 1013. That legislation, along with a separate bill that increases tobacco taxes, has since […]
June 23, 2016 11:23 AM By Meg Wiehe, Deputy Director at ITEP | Permalink | Thanks for reading the State Rundown! Here’s a sneak peek: Alaska’s legislative session continues to drag on, sessions in Louisiana, New Jersey, Pennsylvania, and Rhode Island are potentially nearing their end and Philadelphia’s got a new soda tax. Don’t forget […]
June 22, 2016 03:56 PM By Carl Davis, Research Director at ITEP | Permalink | Next week California will launch an experiment to determine whether the state could repeal the gas tax and instead charge motorists for each mile they drive—essentially turning every public road into a toll road. But while a per-mile charge does […]
June 17, 2016 09:41 AM By Kelly Davis, Assistant Director of Communications | Permalink | In the Tax Justice Digest we recap the latest reports, blog posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. Here’s a rundown of what we’ve been working on lately. Corporate Tax Watch: LinkedIn […]
June 16, 2016 04:45 PM By Aidan Russell Davis, Senior Analyst at ITEP | Permalink | With the recent nine-month budget stalemate fresh in everyone’s memory, Pennsylvania legislators are vigorously working to avoid another multi-month budget impasse as fiscal year 2017 quickly approaches. With a $1.8 billion structural revenue gap and deep cuts to services […]
June 16, 2016 02:36 PM By Bob McIntyre, Director of Citizens for Tax Justice | Permalink | Some of America’s most notorious offshore profit-shifters have found a new way to use the huge amounts of cash they’ve stashed in tax havens without paying the taxes they owe. The latest is Microsoft, which is funding its […]
June 16, 2016 01:48 PM By Meg Wiehe, Deputy Director at ITEP | Permalink | Thanks for reading the State Rundown! Here’s a look at what we’re thinking about this week: the latest on Louisiana’s second special session, North Carolina’s Senate took steps to constitutionally cap the state’s income tax rate, West Virginia lawmakers passed a budget, […]
June 16, 2016 12:09 PM By Citizens for Tax Justice Staff | Permalink | Hamilton’s 16 nominations and the 11 Tony awards it received last Sunday came as no surprise after months of critical and popular acclaim. What was unforeseen during Sunday night’s Tony’s telecast were the shout outs to New York Sen. Chuck Schumer, […]
June 15, 2016 11:26 AM By Lisa Christensen Gee, Senior Analyst at ITEP | Permalink | Louisiana lawmakers are in the second special session of the calendar year to once again address significant budget shortfalls—this time for the coming fiscal year starting July 1. ICYMI, here’s a brief recap of events leading up to this […]
June 14, 2016 03:20 PM By Matt Gardner, Senior Fellow at ITEP | Permalink | LinkedIn has a tax avoidance problem: the company is generating tax breaks faster than it can use them. Between 2010 and 2014, the company used the “excess stock option” tax break to virtually zero out its federal income taxes, paying […]
June 14, 2016 02:49 PM By Kelsey Kober, Intern at ITEP | Permalink | Update 6/29/2016:The new rules have been officially released. For more see the FACT Coaliton release here. In the wake of new research revealing that offshore corporate tax avoidance has cost governments worldwide hundreds of billions of dollars in lost revenue, leaders […]