The Tobacco Tax Equity Act of 2021 (TTEA) was introduced at the end of April in both Houses of Congress by U.S. Senators Dick Durbin (D-IL).Ron Wyden (D-OR), and Representative Raja Krishnamoorthi (IL-D-08). If passed, the bill would establish new tax rates on both e-cigarette and tobacco products potentially causing an increase in the smoking […]
In January 2019, the Organization for Economic Co-operation and Development (OECD) announced its intention to move negotiations forward on the development of a new global minimum corporate tax rate. Under the proposed rule, OECD members would be required to tax corporations headquartered within their borders a specific minimum rate on profits made internationally. The OECD claims a minimum corporate tax […]
A proposed digital global tax on large tech corporations will be an important agenda item at the next meeting of G-20 finance ministers and central bankers scheduled to take place on April 7th. If an agreement is reached, member nations would place a new tax on large U.S. tech companies like Apple, Google and Amazon […]
High cellular taxes contribute to the digital divide between people with high and low incomes, and they slow down the rate of technological innovation. Lawmakers should be encouraging the use of these devices and not tax them. Read this opinion piece in the Town Hall.
Nearly 140 countries around the world, led by the OECD, are rewriting rules that would tax high-tech and multinational companies. The proposed rules would effectively transfer tax rights between countries, including allocating shares of taxable profits, determining which country should have tax authority, and a minimum tax rate. The current proposal is little more than an opportunistic […]
Efforts in the last couple of years to produce a new international tax plan to deal with the growth and effects of the digital economy may soon become a potential windfall for many international governments. As countries struggle across the globe from the COVID-19 health crises and the economic turmoil, these countries find themselves needing […]
With the continuing dependence of Americans on their wireless providers, the high taxes imposed by the federal and state governments presents a significant burden on millions of Americans across the country and contributes to the continuation of America’s digital divide. If legislators and regulators are serious about enhancing accessibility and bridging the digital divide, they […]
Since 2015, cities across the U.S. have taxed soda to promote public health, often with disastrous results. While soda taxes show people do consume less of it, the results ultimately don’t pan out, as consumers simply switch their habits to other, equally unhealthy options. To make matters worse, soda taxes fall harder on poor families. […]
The Trump administration recently announced that video game consoles will not be subject to the upcoming tariffs. While this might be good news for companies like Sony and Microsoft, the same benefit will not be extended to tabletop games. With increased prices on tabletop games, parents are indirectly encouraged to buy video games for their children, which […]
Politicians seeking to punish consumers for buying sugary drinks have seized upon a convenient scapegoat, but they have ignored principles of sound tax policy. The D.C. Council should learn the lessons of the past. You can read this op-ed by visiting The Hill.