Tax Analysts Blog
One of our favorite discussion topics is the VAT -- more specifically, whether the United States will ever adopt a federal consumption tax. In that regard, much can be learned from looking at the experiences of other countries. What’s happening in India – the world’s largest democracy -- is noteworthy because it underscores some of the difficulties in harmonizing a federal VAT with preexisting taxes at the state and local levels.
Tax credits for private schools are troublesome; this one is unconstitutional.
Retailers and state officials are giving up on Congress and instead hoping that the U.S. Supreme Court will act to provide clarity and uniformity on the taxation of remote sales.
Taxing guns and ammunition may seem like doing something about violence, but it’s not.
This is the time of year when many people make resolutions promising to do things differently come January, reasoning that it is good to start fresh when the last digit in the year changes. Except for resolving to write the new year correctly on all my checks starting January 1, I am not one of those people. If something needs fixing or doing differently, I try to take care of it right away. After all, if a problem crops up on January 30, why would I wait 11 months to do something about it?