Tax Policy - Virginia on the Verge of Approving Its First Local Option Sales Tax Virginia is on the verge of creating local option sales tax authority for precisely one jurisdiction, and it’s been flying completely under the radar. Halifax County, population...

Tax Policy - Ready to go on BEPS 2.0? Yesterday, the Organisation for Economic Co-operation and Development (OECD) released a consultation document in connection with its continuing efforts under the Base Erosion and Profit Shifting (BEPS) project Action 1 to...

Tax Policy - 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...

IRS Tax News - Bonus depreciation safe-harbor rules for vehicles issued The IRS issued a safe-harbor procedure that taxpayers may follow for determining the deduction for depreciating passenger vehicles when they are eligible for 100% bonus depreciation but are...

Tax Policy - Wisconsin Tax Options: A Guide to Fair, Simple, Pro-Growth Reform Executive Summary Wisconsin has struggled with its tax system for decades. The state has always been marked by high property tax burdens, but in its effort to “fix” them has leaned on...

Tax Policy - Learning from Europe and America’s Shared Gross Receipts Tax Experience As states in America continue to consider gross receipts taxes (GRTs) as a source of tax revenue, Europe is also evaluating proposals to use GRTs to tax digital firms. Europe’s...