Taxes and Budget

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.
Taxes and Budget
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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.
August 16, 2019
In an op-ed for The Hill, Joe Kennedy explains why arguments used to justify Digital Services Taxes are dubious at best.
July 24, 2019
The net result of this legislation would be to increase support for research by start-ups without breaking the link between the credit and actual taxes paid. This should significantly bolster the U.S. innovation ecosystem.

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