Taxes and Budget

The United States continues to fall far behind comparable countries in the level of tax support it provides to spur research and development. Increasing the R&D credit would boost American’s real incomes through innovation, productivity, and competitiveness.
Taxes and Budget
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September 8, 2020
The United States continues to fall far behind comparable countries in the level of tax support it provides to spur research and development. Increasing the R&D credit would boost American’s real incomes through innovation, productivity, and competitiveness.
July 27, 2020
There has been a global consensus for nearly a century that countries should tax multinational companies in the jurisdictions where they create value, not where they generate sales. But that consensus has begun to fall apart as digitalization has made it easier to serve regional markets remotely and Internet companies have successfully capitalized on the opportunity.
June 8, 2020
Companies that rely on advertising revenue or other business models involving user data already pay taxes on their profits. Taxing them a second time for the data they collect doesn’t make sense, and it would unbalance the Internet ecosystem and put a price on many of the free services consumers currently enjoy.
June 4, 2020
Just because DSTs may be attractive to individual countries doesn’t make them good policy. In fact, they are bad policy. A central goal of good tax policy should be to treat similar transactions the same way. DSTs violate this principle in a number of ways.
May 5, 2020
The study should build support for efforts like the bipartisan FORWARD Act recently introduced by Sens. Chris Coons (D-DE) and Pat Roberts (R-KS).
February 19, 2020
A natural experiment in the United Kingdom found that giving a generous R&D tax credit to small and medium-sized enterprises has a significant effect on both research spending and patents, and these advantages have spilled over to technologically related firms.
February 17, 2020
Congress should double the Alternative Simplified Credit, and lawmakers should pay for the increased research incentive by eliminating the tax break on qualified dividends, which mostly goes to wealthy stockholders.
September 13, 2019
The OECD calculates the generosity of each country’s R&D tax credit annually. In 2000, the United States ranked 10th among OECD members. In the 2018 rankings, the United States has dropped to 26th among OECD members and 32nd among all countries included in the report.
September 3, 2019
Proponents of R&D tax credits argue that reducing the costs businesses face to innovate encourages them to invest more into R&D. A recent study of county-level data between 1990 and 2010 provides evidence to support this argument.
August 19, 2019
France’s digital services tax, which other nations also are considering, represents a radical departure from current practice and would greatly complicate ongoing efforts by the OECD to negotiate changes to the international tax regime by 2020.

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