The tax code can feel like a labyrinth.
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Congress tends to use the tax code to implement policy, which increases complexity and creates loopholes wealthy taxpayers like Trump can exploit.
We give the biggest concessions to those least likely to need persuasion to save well.
Boosting the GST and swapping land tax for stamp duty get headlines, but they never seem to happen.
two leading economists on Australia’s post-COVID economy.
Michelle Grattan discusses the economic future of Australia post-COVID with economists Richard Holden and Warwick McKibbin
The demand for services nonprofits offer is surging.
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This measure, included in a pandemic relief package, is supposed to encourage Americans to give more to nonprofits.
Employment levels regularly dip after crisis.
Tax reforms generally imply a trade-off between average income and inequality.
At 33%, New Zealand’s highest income tax rate is relatively low compared to other economies. Lifting it and cutting tax for low-income earners could improve welfare.
Nurses in November 2016 expressed support for a ballot proposition to limit what California state agencies pay for prescription drugs.
AP/Nick Ut, file
Citizens voting directly on policy seems like a good idea. But that led to the Brexit mess in the UK. In the US, two scholars say direct democracy deepens distrust of politics and government.
Stanford will most likely have to pay a new higher ed tax.
AP Photo/Marcio Jose Sanchez
The IRS estimates that up to 40 privately run schools may be affected by this measure in the 2017 tax reform package.
There’s a retro quality to Stage 3 of the Coalition’s tax plan, one the parliament ought to carefully consider before saying yes.
The Stage 3 cuts would make Australia’s income tax system the least progressive in 60 years.
Individual givers, including celebrity couple Chrissy Teigen and John Legend, are the main source of charitable support.
Photo by Andy Kropa/Invision/AP
Although far fewer Americans took the charitable deduction on their tax returns, giving stayed fairly steady, according to the annual Giving USA report.
Coalition leader John Hewson had trouble selling his economic policy platform to the electorate.
NATIONAL ARCHIVES OF AUSTRALIA
All the polls suggested the Keating government would be finished at the 1993 election – until Opposition Leader John Hewson launched a 650-page policy document called “Fightback!”.
Marital status is a defining characteristic of U.S. tax law.
AP Photo/Keith Srakocic
A country’s tax policies say a lot about what it values – and some of America’s tend to promote inequality.
Tax time can be stressful.
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If tax seasons is stressing you out, a look at the worst things that could happen to you if you mess up – and why they’re so unlikely – may help.
Democrat Nancy Pelosi spoke in D.C. the night of the midterm elections.
As House Democrats prepare their agenda for the next two years, dealing with America’s massive fiscal gap should be at the top of their list.
It pays to pay attention to small changes. They end up determining what works.
Big social and economic reforms are rare. What’s much more common is tinkering. It happens all the time and shapes the big changes when they come.
People of color, women and the LGBTQ community are just some of the groups who often get slighted with tax reforms.
Real tax reform is about more than cutting taxes to woo voters. It’s about making the system fairer.
South Africans debating the zero rating of certain products for VAT purposes must realise it isn’t a panacea for poor people and should be accompanied by other policies.
Minister for Finance Mathias Cormann.
AAP Image/Mick Tsikas
Minister for Finance Mathias Cormann said corporate tax cuts in the US had led to ‘stronger investment, stronger growth, a lower unemployment rate and higher wages’. Let’s take a closer look.
Should wealthy Canadians pay an inheritance tax? In this photo from 2002, David Thomson listens during the annual meeting of Thomson Corp. The Thomsons are considered Canada’s richest family.
(CP PHOTO/Aaron Harris)
Canada is the only G7 country that doesn’t have an inheritance tax. A new report says that should change. The idea of sharing the wealth from one generation to another is not new.