Barrel tax complexity: six states define barrels of oil or beer at non-standard volumes, adding compliance costs for ...

The European Union’s revised Tobacco Excise Directive (TED) is the latest proposal from Brussels that raises questions about ...

November 15, 2024 May 8, 2025 3 min readBy: Alex Durante Fringe benefits grew from 7 percent of compensation in 1950 to 19.3 percent in 1993. Since then, the trend has somewhat flattened, generally ...

Beer Taxes by State, 2026 In the United States, taxes are the single most expensive ingredient in beer. The tax burden accounts for more of the final price of beer than labor and materials ...

Expensing for capital investment is not a special tax break. Expensing aligns the timing of tax deductions with the timing of actual capital expenditures so that the tax code does not discourage ...

Tax pyramiding occurs when the same final good or service is taxed multiple times along the production process. This yields vastly different effective tax rates depending on the length of the supply ...

Our Tariff Tracker analyzes how changes in US tariff policy affect tariff rates, the balance of trade, customs duties collections, the US economy, federal tax revenues, and US taxpayer and household ...

Proponents of a California wealth tax ballot initiative insist that the proposed wealth tax is temporary: a one-time 5 percent tax that can be paid upfront or over five years with deferral charges.

A capital allowanceA capital allowance is the amount of capital investment costs, or money directed towards a company’s long-term growth, a business can deduct each year from its revenue via ...

Many state and local governments impose ad valorem property taxes on tangible personal property (TPP) in addition to property taxes applied to land and structures. Tangible personal property taxes are ...

Retail sales taxes are an essential part of most states’ revenue toolkits, responsible for 32 percent of state tax collections and 13 percent of local tax collections (24 percent of combined ...

Prior to the Tax Cuts and Jobs Act (TCJA), the United States corporate income tax was widely regarded as uncompetitive for three main reasons: cost recovery, worldwide application, and a high ...