Utah Contemplates 86 Percent Tax on E-Cigarettes

Tax Policy – Utah Contemplates 86 Percent Tax on E-Cigarettes Utah’s cigarette tax rate hews closely to the national average; its smoking rate does not. Fewer than 9 percent of Utah adults are smokers, the lowest smoking rate in the country by a...

Who Benefits from Itemized Deductions?

Tax Policy – Who Benefits from Itemized Deductions? The tax code contains more than 170 preferences that benefit individuals, varying from credits to deductions to exclusions, which were projected to cost $1.3 trillion over the last fiscal year. The tax...

New Mexico Tax Increase Package Advances

Tax Policy – New Mexico Tax Increase Package Advances Under New Mexico’s last two governors, the state cut both individual and corporate income tax rates. Legislation backed by Gov. Michelle Lujan Grisham (D) would not only reverse course but make New...

Complexity of the Corporate Income Tax in Europe

Tax Policy – Complexity of the Corporate Income Tax in Europe As today’s tax map shows, the complexity of corporate income taxes varies greatly across European countries. Corporate income tax (CIT) codes should be easy for corporations to comply with and...