Capital Allowances in Europe

Although sometimes overlooked in discussions about corporate taxation, capital allowances play an important role in a country’s corporate tax base and can impact investment decisions—with far-reaching economic consequences. And as today’s map shows, the extent…

What Are Your Options for Child Care? Plus…

Some parents break out in hives at the thought of leaving their new child in someone else’s care. Others are excited to interview child-care professionals and get back to the office. Wherever you fall on…

5 Ways to Quickly Earn an Extra $100

Side hustles are a smart way to bring in extra money and protect your financial life with multiple income streams. But it can take time and even cost money to build up a consistent side…

IRS Waives Late Tax Payment Penalties

The IRS recently announced tax penalty relief for taxpayers who didn’t pay enough of their 2018 federal income tax liability last year due to the changes in tax reform. Penalty Relief Explained Federal income tax…

Resisting the Allure of Gross Receipts Taxes: An…

Key Findings Gross receipts taxes, also known as “turnover taxes,” have returned as a revenue option for policymakers after being dismissed for decades as inefficient and unsound tax policy. Their appeal comes as many states…

How Much Does Your State Collect in Sales…

This week’s state tax map examines state sales tax collections per capita. Forty-five states and the District of Columbia have state-levied sales taxes, while five states–Alaska, Delaware, Montana, New Hampshire, and Oregon–do not collect sales…