Tax Analysts Blog

Jul 27, 2016
Comments (2)

Start-Up New York is a prime example of a tax incentive program that did not and will not work. 

Jul 26, 2016

Managing nonresident employees has been a challenge for companies for several years -- in part because of states’ various requirements, but also because states continue to be aggressive in locating remote employees. It is part of the continuing trend by state tax departments to ensure they are getting every dollar of available revenue. This has translated into being more aggressive in enforcing their tax codes, including their nonresident withholding statutes. Although numerous states have had nonresident withholding requirements on the books for many years, recent budget strains have spurred states to increase their enforcement efforts.

Jul 25, 2016
Comments (4)

In his acceptance speech at the Republican National Convention, Donald Trump painted a very bleak picture of a dystopian United States that is spinning out of control. Citing compelling statistics, the GOP nominee highlighted rising violent crime rates, wage stagnation, continuing unemployment, and the dangerous state of the world. And then, toward the end, Trump once again called the United States "one of the highest-taxed nations in the world."

Jul 20, 2016
Comments (6)

The sales tax is one of the most important sources of tax revenue for state governments. This will provide some basic information about why it’s important and some things you should know about the tax if you are studying, researching, or writing about it for the first time.

Jul 13, 2016
Comments (3)

Call me old-fashioned. Call me old school. But I still adhere to the belief that a tax system should be based on a broad base and low rates. Tax everything -- a little. That system minimizes economic distortions, makes compliance and administration easier, and ultimately raises more revenue. And political machinations distorting this ideal don't work.

Jul 11, 2016
Comments (1)

The Brexit saga in the United Kingdom is almost ready to enter its next phase. Instead of waiting until September to elect a new Conservative leader who would then become prime minister, Andrea Leadsom's decision to drop out has conceded the race to her rival, Theresa May. May's triumph has significant ramifications for Britain's future relationship with Europe and the U.K. economy, but she also struck a blow for transparency in election disclosures. May released four years' worth of her own tax returns, while Leadsom declined to release more than one.

Jul 6, 2016
Comments (3)

An important proposal is before the North Carolina legislature. The bill (SB 481) would force the North Carolina Department of Revenue to release all private letter rulings issued over the past six years. There is nothing more critical to fair tax administration than transparency. Indeed, there is nothing more critical to democracy than transparency. As a Tax Analysts guy, I am particularly interested in transparency. That's at the core of our organization's mission. We believe that tax laws should be open to public scrutiny. From its beginnings, Tax Analysts has fought for this ideal. You can thank Tax Analysts for your ability to read every private letter ruling issued by the IRS.

Jul 5, 2016
Comments (1)

I once got an email from Angie’s List with the subject line “$99 for $200 Credit Toward Plumbing Services.” I could pay $99 to receive a $200 credit that I could use for a variety of plumbing services.  Not a bad deal. It occurred to me that transferable tax credits could be marketed in a similar fashion. Recently, Tesla Motors Inc. could have sent out a comparable  email captioned  “$19 million for $20.4 million Credit Toward State Tax Liability.”  The Tesla deal isn’t quite as good as the plumbing service example, but transferable tax credits provide tangible benefits to both sellers and purchasers.

Jun 30, 2016
Comments (1)

On the morning of June 24, Europe woke up with a bad hangover. The continent didn’t know whether the events of the previous day and evening were real, or just the remnants of a long, bad dream. Then, like on most post-binge mornings, the sun hit Europe in the eye, and reality began to sink in – the voters of Great Britain had decided they wanted to leave the European Union.

Jun 29, 2016
Comments (6)

There are three tax ideas that may pass in the New Jersey Legislature. They are important because they are good ideas. They are important because, well, New Jersey is not exactly a paragon of sound tax policy.