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

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

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 ...

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 ...

A state with an abundance of natural resources, like North Dakota, might turn predominantly to severance taxes, while one with a high volume of tourists, like Florida, can see value in relying heavily ...

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 ...

Economists have long recognized that tariffs on imports of intermediate inputs (i.e., goods that are used in the production process) can have a negative impact on the economy. While the tariffs may ...

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 ...

The IRS’s Statistics of Income Division is a gold mine of data for serious taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses ...