The 2004 repatriation tax holiday may have made it easier for multinational corporations to polish their financial statements, a new study found. Howard Gleckman writes that the tax holiday wasn't a good idea in 2004, and is still a bad idea 10 years later.
House Majority Leader Eric Cantor says there will be three tax extender bills to vote on this week. The Senate Finance Committee will also hold hearings later this summer on comprehensive tax reform.
The House Ways and Means Subcommittee on Oversight will review review the government’s ability to verify income and insurance information when it comes to the Affordable Care Act’s tax credits and subsidies on June 10. Meanwhile, Spain joins a growing list of countries that wants to lower the corporate income tax.
Some states may have created a way for heterosexual couples to avoid the marriage tax penalty, writes Howard Gleckman. How can domestic partnerships lead toward the federal marriage tax penalty?
Ohio's legislature came up with a compromise bill on its income tax cut, while Japan is cutting its corporate tax. What does this mean for their finances?
EPA’s new greenhouse gas rules may open the door to a state-based carbon tax, Howard Gleckman writes. But, no one has mentioned the 't' word yet.
Hurricane season began June 1, and Floridians can purchase hurricane supplies, including ice packs, flashlights, and portable generators, without paying sales tax until June 8.
The House Ways and Means Committee voted to keep a corporate tax break permanent. And that is a mistake, Howard Gleckman writes.
This week, the DC Council voted to support $165 million in tax cuts and Rhode Island considers a bill to cut the state's corporate income tax rate. Renu Zaretsky has the scoop on the latest in taxes.
The Environmental Protection Agency's mission to control greenhouse gases is long and complicated, write Adele Morris. But, there are three better ways to fight climate change.
Carbon tax could help fight the battle against climate change, writes Howard Gleckman. But, enacting such a tax is easier said than done.
Senate Republicans say the excise tax on medical devices should be repealed. They have a point, writes Len Burman, and taxes on cigarettes should be raised instead.
Rapidly growing health care costs have been a major driver of federal budget deficits. Could a decline help solve the nation's long-term fiscal problem?
Dave Camp deserves credit for proposing a tax reform that takes on many special interests. But one provision mistakenly threatens the survival of most community foundations without improving the tax system or strengthening the charitable community.
Should the US tax high-speed trading, like the sort described in Michael Lewis' book? The French already do so -- and a tax could help limit manipulations of the market, too.
For states including Delaware and Wisconsin, proposed property tax hikes would help cover pension and public school costs. But are property taxes the fairest way to fund such programs?
The nation's tax codes can be hard on small businesses, and Donald Marron writes that tax reform could help shift the tax burden from smaller organizations over to larger ones.
A poll, taken in the midst of tax season, finds that 58 percent of those surveyed think filling out their tax forms is “easy.” Only 38 percent say it is “hard.” Here's the catch: more people are filing their taxes with the help of a professional service.
Figuring out exactly how to answer a question on an IRS tax form can be tricky. But the Brookings Institution's Tax Policy Center has developed an interactive guide that offers up an explanation of each question.
Former IRS official Lois Lerner, who managed the agency's controversial handling of Tea Party-related groups, may face possible criminal charges, while a House committee reportedly said they will vote on a resolution tomorrow to hold her in contempt of Congress.