Tax Analysts Blog

Monday, May 4, 2015
On May 7 U.K. voters will go to the polls to determine the fate of the country's first coalition government since World War II. The election will also be the United Kingdom's first referendum on the austerity policies of the Cameron government. Across the Atlantic, many U.S. commentators have opine...
Tuesday, April 28, 2015
Marco Rubio is having a good couple of weeks. The freshman Republican senator from Florida has surged to the top of polls in the crowded GOP presidential field, outdistancing even former Florida Gov. Jeb Bush. His announcement of his presidential campaign received favorable reviews, both because of...
Tuesday, March 31, 2015
The centerpiece of President Obama's tax platform has always been that wealthy taxpayers should be paying more. He ran on it in 2008, and his budgets and tax reform plans have always featured new revenues from higher-income individuals (or multinationals). Although much of his agenda has foundered,...
Monday, March 16, 2015
The OECD's base erosion and profit-shifting project has dominated the international tax scene for over a year. Ever since the G-20 tasked the organization with finding solutions to the perceived problem of multinationals paying low effective tax rates, the international tax community has talked abo...
Tuesday, March 10, 2015
The Congressional Budget Office released its new 10-year baselines on March 9 showing that the deficit will be $486 billion in 2015, about the same as last year. The report was initially expected last week, but was delayed by winter weather in the Washington area. The CBO's new baselines will undou...
Tuesday, March 3, 2015
On March 1 the spokeswoman for former Florida governor and 2016 Republican presidential hopeful Jeb Bush said that Bush would not sign Grover Norquist's antitax pledge. Norquist subsequently tweeted that those who didn't sign the pledge almost always raised taxes when pushed by "spenders." Does Bu...
Tuesday, February 24, 2015

"The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing." Jean-Baptiste Colbert, French minister of finances, 1665-1683. Louis XIV created the modern French state and laid the template for 17th- and 18th-century a...

Monday, February 9, 2015
The Senate Finance Committee will try to use history as a guide to break the logjam on tax reform. The Republican-led body will hold a February 10 hearing featuring former Finance Chair Bob Packwood and former Sen. Bill Bradley, who will talk about the process that led to the historic legislation t...
Monday, February 2, 2015
President Obama's February 2 budget will propose a 19 percent minimum tax on foreign earnings. When news broke over the weekend about the plan, all of the headlines focused on this new levy, which is designed to minimize the benefits of shifting profits and income out of the United States and into...
Tuesday, January 27, 2015
The 114th Congress is off and running. Lawmakers have already elected their leaders, had a few spats behind closed doors, and decried how the other side isn't willing to work together on common issues. None of that is anything new -- it's pretty much how all legislatures open. But along with rout...
Tuesday, January 13, 2015
Another lawmaker has thrown his hat into the tax reform ring. Republican House taxwriter Devin Nunes released a business tax reform plan last week that would gradually lower tax rates to 25 percent and move to full expensing. Nunes's plan shifts U.S. international tax rules toward territoriality an...
Tuesday, December 16, 2014
In June House Republicans proposed funding the IRS at $10.9 billion, a cut of over $300 million from last year's budget and $1.5 billion below the president's request. At the time, the proposal was seen as a gesture to show the GOP's displeasure with the agency, and no one thought it would ever mak...
Monday, December 8, 2014
Republicans will take over both chambers of Congress starting in January. Bill Cassidy's victory over Mary Landrieu in Louisiana pushed the GOP's Senate majority to 54 to 46, while several other runoffs in that state mean Republicans will have at least 247 seats in the House. This will give the par...
Monday, November 24, 2014
The House Ways and Means Committee is undergoing a major transition. Committee Chair Dave Camp is leaving Congress at the end of the year and will be replaced by Rep. Paul Ryan. That means the end of an era and a possible major reshuffling of committee priorities. But Ways and Means is also getting...
Tuesday, November 11, 2014
In the late 1860s, the Second French Empire seemed on the verge of collapse. An economic downturn, combined with disastrous foreign adventures (particularly involving an attempt to enforce a regime change overseas), so tarnished the imperial brand that only a small minority of the previously loyal...
Tuesday, November 4, 2014
In March of 2009, incoming American Bar Association Section of Taxation Chair Karen Hawkins was tasked with taking over the IRS Office of Professional Responsibility. It had been a tough few years for OPR, which struggled with changing professional standards from congressional legislation and a hea...
Monday, October 27, 2014
If you asked voters to identify the state most associated with the values of the Democratic Party, most probably wouldn't name a state at all. They would say Massachusetts, which is technically a commonwealth. But for all its dependability in presidential elections (it hasn't supported a Republican...
Tuesday, October 7, 2014
The European Commission is on the offensive about possible illegal state aid. In June it announced that it was investigating deals between Ireland and Apple and between Fiat and Luxembourg. On September 30 the commission released two letters outlining portions of its case against both countries. Wh...
Monday, August 25, 2014
As bad as the federal budget picture looked during the Great Recession, the fiscal climate in the states was worse. The federal government used stimulus spending to prevent many states from having to make sharp cuts in services because of steep declines in sales, income, and corporate tax revenues....
Monday, August 11, 2014
Tax competition isn't just an international issue. While recent headlines have focused on how the high U.S. corporate rate is causing multinationals to relocate to jurisdictions that have cut their taxes or restructured their tax regimes to be more favorable to business (like Ireland and the Unite...